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Fiscal Decentralization and the Challenge of Hard Budget Constraints

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 | #3697180 in eBooks |  2003-02-14 |  2003-02-14 | File type: PDF

|| ||"This is a very timely and interesting volume that tackles an important set of questions. The editors have brought together a set of papers by top-tier economists, and they have done an excellent job of positioning this volume with respect to the broader lite

In many parts of the world, lower levels of government are taking over
responsibilities from national authorities. This often leads to difficulty in
maintaining fiscal discipline. So-called soft budget constraints allow these
subnational governments to expand expenditures without facing the full cost. Until
now, however, there has been little understanding of how decentralization leads...

You can specify the type of files you want, for your device.Fiscal Decentralization and the Challenge of Hard Budget Constraints   |  From The MIT Press.Not only was the story interesting, engaging and relatable, it also teaches lessons.

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