Capital Markets and Central–Local Politics in Britain

Alberta Sbragia

British Journal of Political Science, 1986, vol. 16, issue 3, 311-339

Abstract: Local government borrowing is often referred to as a highly technical, not to say arcane, activity of local government. It should not be dismissed so easily. In reality, such borrowing illuminates broader relations between government and market by highlighting interdependencies which exist between central government, local government and financial markets.

Date: 1986
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