HAMILTON'S PARADOX by Jonathan A. Rodden ( 9780521603669 ) - Books & Audio Books at Pickabook.co.uk

Item Details

Title:

HAMILTON'S PARADOX
THE PROMISE AND PERIL OF FISCAL FEDERALISM

By:

Jonathan A. Rodden

Format:

Paperback

List price:

£28.00

Our price:

£24.50

Discount:

12.5% off

You save:

£3.50

ISBN 10:

0521603668

ISBN 13:

9780521603669

Availability:

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Stock:

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

26 December, 2005

Series:

Cambridge Studies in Comparative Politics

Pages:

336

Description:

This book explains why different countries have had dramatically different experiences with subnational fiscal discipline.

Synopsis:

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.

Illustrations:

22 tables

Publication:

Imprint:

Cambridge University Press

Prizes:

Winner of APSA Comparative Politics Section Gregory Luebbert Book Award 2007

Returns:

Returnable

Some other items by this author:

FISCAL DECENTRALIZATION AND THE CHALLENGE OF HARD BUDGET CONSTRAINTS (HB)

HAMILTON'S PARADOX

HAMILTON'S PARADOX (HB)

WHY CITIES LOSE (HB)

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