More New and Used
from Private Sellers
Usually Ships in 3-5 Business Days
Starting at $7.20
Questions About This Book?
Why should I rent this book?
Renting is easy, fast, and cheap! Renting from eCampus.com can save you hundreds of dollars compared to the cost of new or used books each semester. At the end of the semester, simply ship the book back to us with a free UPS shipping label! No need to worry about selling it back.
How do rental returns work?
Returning books is as easy as possible. As your rental due date approaches, we will email you several courtesy reminders. When you are ready to return, you can print a free UPS shipping label from our website at any time. Then, just return the book to your UPS driver or any staffed UPS location. You can even use the same box we shipped it in!
What version or edition is this?
This is the edition with a publication date of 2/11/2013.
What is included with this book?
- The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.
- The Rental copy of this book is not guaranteed to include any supplemental materials. You may receive a brand new copy, but typically, only the book itself.
Reforms in subnational borrowing frameworks and debt restructuring mechanisms have gathered momentum in developing countries since the late 1990s. The objectives of reforms are broadly similar-strengthening fiscal management and preventing future insolvency. Often, these proceed in tandem with broader public finance reforms, macroeconomic stabilization, and the development of a robust medium-term fiscal framework and transparency. The reform paths and sequences that these countries chose reflect their own historical context, legal framework, and reform dynamics.Until Debt Do Us Part surveys the reform experience of a range of countries in strengthening subnational fiscal discipline and developing a framework for the resolution of subnational debt stress. Part I of the volume reviews the experience of subnational debt restructuring in Brazil, China, India, and Mexico. Part II presents the experience of developing subnational insolvency systems in Colombia, France, Hungary, and the United States. Part III focuses on the experience of China, the Philippines, Russia, South Africa, and the United States in subnational credit market development. The experiences discussed in this volume show the importance of moving to rules-based systems in which the higher-level government treats all lower-level governments according to the same rules. No matter what the rules, their ad-hoc or discretionary application is likely to be plagued with moral hazard and common-pool problems.