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Macro Federalism and Local Finance


  • Anwar Shah


The 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.

Suggested Citation

  • Anwar Shah, 2008. "Macro Federalism and Local Finance," World Bank Publications, The World Bank, number 6453, June.
  • Handle: RePEc:wbk:wbpubs:6453

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    References listed on IDEAS

    1. Dillinger,William R. & Webb,Steven Benjamin, 1999. "Fiscal management in federal democracies : Argentina and Brazil," Policy Research Working Paper Series 2121, The World Bank.
    2. William Dillinger & Steven B. Webb, 1999. "Fiscal management in federal democracies: Argentina and Brazil," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0(3), pages 423-483.
    3. James Alm & Jameson Boex, 2002. "An Overview of Intergovernmental Fiscal Relations and Subnational Public Finance in Nigeria," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0201, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    4. Jack Diamond, 2003. "Performance Budgeting; Managing the Reform Process," IMF Working Papers 03/33, International Monetary Fund.
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    Cited by:

    1. Jorge Martinez-Vazquez & François Vaillancourt, 2011. "An Overview of the Main Obstacles to Decentralization," Chapters,in: Decentralization in Developing Countries, chapter 1 Edward Elgar Publishing.
    2. Lili Liu, 2009. "Turkey," World Bank Other Operational Studies 26063, The World Bank.
    3. Ivanyna, Maksym & Shah, Anwar, 2014. "How close is your government to its people? Worldwide indicators on localization and decentralization," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 8, pages 1-61.
    4. Oscar Cetrángolo & Ariela Goldschmit, 2012. "Fiscal decentralization: increasing social cohesion among widely disparate territorial units," Chapters,in: Decentralization and Reform in Latin America, chapter 3, pages iii-iii Edward Elgar Publishing.
    5. Roberto Fernández Llera & Carlos Monasterio Escudero, 2010. "¿Entre dos o entre todos? Examen y propuestas para la coordinación presupuestaria en España," Hacienda Pública Española, IEF, vol. 195(4), pages 139-163, december.


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