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Paperback Hamilton's Paradox: The Promise and Peril of Fiscal Federalism Book

ISBN: 0521603668

ISBN13: 9780521603669

Hamilton's Paradox: The Promise and Peril of Fiscal Federalism

(Part of the Cambridge Studies in Comparative Politics Series)

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Book Overview

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.

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