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local government finances

Fiscal Decentralization

How Well Do Subnational Borrowing Regulations Work?

April 1, 2016 LPS Initiative
There are many positive aspects associated with subnational borrowing, including additional funding and promoting intergenerational equity. However, it may also endanger fiscal sustainability and macro stability due to moral hazard and soft budget constraints, making borrowing controls justified […]
Fiscal Decentralization

Municipal Finances, A Handbook for Local Governments

November 11, 2015 LPS Initiative
Municipal Finances, A Handbook for Local Governments (2014), edited by Catherine Farvacque-Vitkovic and Mihaly Kopanyi, is designed to help local government practitioners to improve strategic management of municipal finances. It provides practitioners, particularly staff of medium […]

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