Crisis x Fiscal Reforms (Hallerberg & Scartascini)

Economic crisis and fiscal reforms in Latin America by Mark Hallerberg and Carlos Scartascini, published by IDB. This paper, indicated by Pedro Salli, explores the connection between economic crises and fiscal institutional reforms in a region that has experienced plenty of both in recent years, namely Latin America. The empirical evidence shows that debt crises make reforms more likely but banking crises on their own, if anything, reduce the pressure for fiscal institutional reforms.