Public Debt and Federalist Reform
AbstractThis paper examines the issue of public debt sharing among the Italian Regions in a future federal State. The issue has generally been neglected in the literature, despite the great debate that has arisen over federalism. On the basis of theoretical and empirical arguments, the paper shows that such public debt sharing is unacceptable, from both the economic and the political point of view.
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Bibliographic InfoArticle provided by Associazione Rossi Doria in its journal QA.
Volume (Year): (2006)
Issue (Month): 1 (January)
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Find related papers by JEL classification:
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
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- Stuart Landon & Constance E. Smith, 2000. "Government debt spillovers and creditworthiness in a federation," Canadian Journal of Economics, Canadian Economics Association, vol. 33(3), pages 634-661, August.
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