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Public Debt and Federalist Reform

Author

Listed:
  • Luigi De Iaco
  • Domenicantonio Fausto

Abstract

This 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.

Suggested Citation

  • Luigi De Iaco & Domenicantonio Fausto, 2006. "Public Debt and Federalist Reform," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 1, January.
  • Handle: RePEc:rar:journl:0030
    as

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    File URL: http://www.francoangeli.it/riviste/Scheda_Riviste.asp?IDArticolo=26822&Tipo=Articolo%20PDF
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    References listed on IDEAS

    as
    1. 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.
    2. repec:cup:apsrev:v:89:y:1995:i:01:p:108-120_09 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Debt; Federalism;

    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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