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Review of Economic Perspectives

Národohospodárský obzor; The Journal of Masaryk University

4 Issues per year


CiteScore 2016: 0.50

SCImago Journal Rank (SJR) 2016: 0.262
Source Normalized Impact per Paper (SNIP) 2016: 0.516

Open Access
Online
ISSN
1804-1663
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Volume 11, Issue 3 (Jan 2011)

Issues

Fiscal Imbalance and Fiscal Risks Management on the Regional Level

Petra Dvořáková
  • Department of Public Economics, Faculty of Economics and Administration, Masaryk University, Lipová 41a, 602 00 Brno, Czech Republic
Published Online: 2011-10-05 | DOI: https://doi.org/10.2478/v10135-011-0011-1

Fiscal Imbalance and Fiscal Risks Management on the Regional Level

The aim of the paper was to evaluate usage of the fiscal instruments (mainly liabilities and fiscal risks management) in present practice of Czech regions. The current practice of fiscal instruments was explored particularly by the means of structured interviews in which representatives of all Czech regions participated. The survey showed different attitudes to debt/liabilities management exercised on the Czech regional level. An active debt management, as defined by the theory, has not been encountered in any of the Czech regions (except for the capital of Prague), although their representatives are convinced otherwise. Risk maps or risk matrixes are not usually created either but the risks connected with the regional budgets are monitored (especially currency risks and interest rate risks) and solved if necessary.

Keywords: Fiscal Imbalance; Indebtedness; Fiscal Risks; Risks Map; Czech Regions

About the article


Published Online: 2011-10-05

Published in Print: 2011-01-01


Citation Information: Review of Economic Perspectives, ISSN (Online) 1804-1663, ISSN (Print) 1213-2446, DOI: https://doi.org/10.2478/v10135-011-0011-1.

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