Macro Federalism and Local Finance
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...
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Format: | Publication |
Language: | English en_US |
Published: |
Washington, DC : World Bank
2012
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Online Access: | http://documents.worldbank.org/curated/en/2008/01/9660961/macro-federalism-local-finance http://hdl.handle.net/10986/6453 |
Summary: | 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. |
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