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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Bibliographic Details
Main Author: Shah, Anwar
Format: Publication
Language:English
en_US
Published: Washington, DC : World Bank 2012
Subjects:
PBC
TAX
Online Access:http://documents.worldbank.org/curated/en/2008/01/9660961/macro-federalism-local-finance
http://hdl.handle.net/10986/6453
Description
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.