Oliveira, João do CarmoMartinez-Vazquez, Jorge2012-08-132012-08-132003-10https://hdl.handle.net/10986/11291The Czech Republic has largely overcome the challenges associated with its legacy of socialism, the 1993 breakup of Czechoslovakia, and its transition to a market economy. In addition, the country's evolving approach to intergovernmental fiscal relations has addressed crucial issues, including the prospect of joining the European Union and the need to increase public sector efficiency.CC BY 3.0 IGOACCOUNTABILITYAUDITSAUTONOMYBANK SUPERVISIONBANKRUPTCYBORROWINGBUDGET EXECUTIONCAPITAL MARKETSCENTRAL GOVERNMENT GUARANTEESCOLLATERALCREDITWORTHINESSDEBT SERVICEECONOMIC CONDITIONSEQUALIZATIONFINANCIAL INCENTIVESFISCAL BALANCEFISCAL DECENTRALIZATIONFISCAL REFORMSFISCAL RESPONSIBILITYGOVERNMENT GUARANTEESHARD BUDGET CONSTRAINTSHOUSINGINCOME TAXESINTERGOVERNMENTAL FISCAL RELATIONSLAWSLOCAL GOVERNMENTLOCAL GOVERNMENT BORROWINGLOCAL GOVERNMENT BUDGETSLOCAL GOVERNMENTSLOCAL SPENDINGLOCAL TAXESMORAL HAZARDMUNICIPAL DEBTMUNICIPAL REVENUEMUNICIPALITIESPRIVATIZATIONPROPERTY TAXESPUBLIC SECTORPUBLIC SECTOR EFFICIENCYPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC SERVICESRATING AGENCIESREVENUE SOURCESSPECIAL DISTRICTSSUBNATIONAL GOVERNMENTSTAXTAX CAPACITYTAX EFFORTSTAX RATESTAX REVENUETAX SHARINGTELECOMMUNICATIONSTRANSPARENCYUNFUNDED MANDATESVALUE ADDED TAXESWorld Bank10.1596/11291