Publication: Macro Federalism and Local Finance
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Published
2008
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Date
2012-05-25
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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.
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“Shah, Anwar. 2008. Macro Federalism and Local Finance. Public Sector Governance and Accountability series;. © World Bank. http://hdl.handle.net/10986/6453 License: CC BY 3.0 IGO.”