Hamilton's Paradox

Name: Hamilton's Paradox
Brand: Cambridge University Press
SKU: 9780521603669
Price: 38.55 EUR
Availability: InStock

The Promise and Peril of Fiscal Federalism

Autor: Jonathan A. Rodden

Jazyk:

Väzba: Brožovaná

Vydavateľ: Cambridge University Press

Dostupnosť: Skladom u dodávateľa

Odosielame za 10-18 dní

38.55 €

As new federations take shape and old ones are revived around the world, a difficult challenge is to...

Informácie o knihe

Autor

Jonathan A. Rodden

Jazyk

Angličtina

Väzba

Kniha - Brožovaná

Vydalo

2005

Stránok

336

EAN

9780521603669

ISBN

0521603668

Enbook ID

02037115

Vydavateľ

Cambridge University Press

Hmotnosť

506

Rozmery

227 x 153 x 24

Kompletný popis

As new federations take shape and old ones are revived around the world, a difficult challenge is to create incentives for fiscal discipline. A key question is whether a politically-motivated central government can credibly commit not to bail out subnational governments in times of crisis if it funds most of their expenditures. The center can commit when subnational governments retain significant tax autonomy, as in the United States. Or if the center dominates taxation, it can tightly regulate borrowing, as in many unitary systems. In a third group of countries including Brazil and Germany, the center can neither commit to a system of market-based discipline nor gain a monopoly over borrowing. By combining theory, quantitative analysis, and historical and contemporary case studies, this book explains why different countries have had dramatically different experiences with subnational fiscal discipline.

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Hamilton's Paradox

The Promise and Peril of Fiscal Federalism

Informácie o knihe

Kompletný popis

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