Macro Federalism and Local Finance
AbstractThe book is divided into two parts. The first part macro federalism provides a fresh look at emerging constitutional challenges arising from globalization and the information revolution, as well as the dynamic-efficiency and growth implications of existing federal constitutions. Several aspects of these systems are examined: (a) institutional design to achieve internal economic union; (b) policies for regional development; (c) conduct of monetary policy; (d) coordination of fiscal policies, with a special emphasis on tax harmonization; and (e) management of risks of insolvency from sub-national borrowing. The second part of the book local finance provides a comparative perspective on local finances and measures the progress of decentralized governance reforms in developing countries.
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Bibliographic InfoThis book is provided by The World Bank in its series World Bank Publications with number 6453 and published in 2008.
Public Sector Economics Governance - National Governance Banks and Banking Reform Finance and Financial Sector Development - Debt Markets Private Sector Development - Emerging Markets Public Sector Development;
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"How close is your government to its people? Worldwide indicators on localization and decentralization,"
Economics Discussion Papers
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- Ivanyna, Maksym & Shah, Anwar, 2012. "How close is your government to its people ? worldwide indicators on localization and decentralization," Policy Research Working Paper Series 6138, The World Bank.
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