Hamilton's Paradox: The Promise and Peril of Fiscal Federalism (Paperback) (ISBN-13: 9780521603669)

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. By combining theory, quantitative analysis, and historical and contemporary case studies, this book provides a new perspective on why different countries have had dramatically different experiences with subnational fiscal discipline.

Author: Jonathan A. Rodden
ISBN-10: 0521603668
ISBN-13: 9780521603669
Publisher: Cambridge University Press
Language: English
Published: 12/26/2005
Pages: 336
Format: Paperback
Weight: 0.98lbs
Size: 8.98h x 5.92w x 0.80d