01492cas a2200241 a 4500 AALejournalIMF008566 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845143 1018-5941 BD-DhAAL BD-DhAAL Purfield, Catriona. The Decentralization Dilemma in India / Catriona Purfield. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Already in precarious shape, the financial health of India's states took a turn for the worse in the late 1990s when state deficits and debt rose sharply. While India is among the world's most decentralized economies, greater decentralization is not the root cause of this situation. Panel estimation techniques find evidence that the trend rise in deficits reflects problems of transfer dependence and moral hazard that undermine states' incentives to control deficits. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2004/032 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/032/001.2004.issue-032-en.xml IMF e-Library