Macro Federalism and Local Finance

Anwar Shah

No 6453 in World Bank Publications - Books from The World Bank Group

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Date: 2008
ISBN: 978-0-8213-6326-3
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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