Title:
Subnational debt, insolvency, and market development
Authors:
Canuto, Otaviano and Liu, Lili
Place:
[Washington, DC]
Publisher:
World bank
Year:
2013
Journal:
Economic premise
Volume:
112
PAGE:
--
Subject:
Rural Decentralization and Local Governance
Keywords:
public debt, public finance, development policy, infrastructure, local government
Abstract:
Decentralization in many countries has given sub-national governments certain spending responsibilities and the capacity to incur debt. This note suggests broad lessons extracted from several country experiences with subnational debt restructuring, insolvency frameworks, and debt market development.
URL:
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/04/04/000442464_20130404104447/Rendered/PDF/763790BRI0EP1120Box374373B00PUBLIC0.pdf
Document type:
Portal