Until Debt Do Us Part : Subnational Debt, Insolvency, and Markets

Until Debt Do Us Part : Subnational Debt, Insolvency, and Markets

With decentralization and urbanization, the debts of state and local governments and of quasi-public agencies have grown in importance. Rapid urbanization in developing countries requires large-scale infrastructure financing to help absorb influxes of rural populations. Borrowing enables state and l...

Full description

Bibliographic Details
Main Authors: Canuto, Otaviano, Liu, Lili
Format: Publication
Language:en_US
Published: Washington, DC: World Bank 2013
Subjects:
Bankruptcy
Debt and borrowing
Debt market
Debt sustainability
Decentralization
Fiscal discipline
Fiscal responsibility law
Infrastructure financing
Intergovernmental fiscal system
Subnational government
Fiscal policy
Online Access:http://hdl.handle.net/10986/12597

Internet

http://hdl.handle.net/10986/12597

Similar Items