Until debt do us part : subnational debt, insolvency, and markets (English)

State and local debt and debt of quasi-public agencies have grown in importance. Three structural trends have contributed to the rising share of subnational finance, including subnational debt, as a share of general public debt. First, decentralization in many countries has given subnational governments (SNGs) certain spending responsibilities, revenue raising authority, and the capacity to incur debt. With sovereign access to financial markets, SNGs...

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Author

Canuto,Otaviano;

Liu,Lili;
Document Date
2013/01/01
Document Type
Publication
Report Number
75732
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2013/02/27
Disclosure Status
Disclosed
Doc Name
Until debt do us part : subnational debt, insolvency, and markets
Keywords
Decentralization and Subnational Regional Economics

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Citation

Canuto,Otaviano; Liu,Lili.

Until debt do us part : subnational debt, insolvency, and markets (English). Washington D.C. : The Worldbank. http://documents.worldbank.org/curated/en/627741468322492935

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Until debt do us part : subnational debt, insolvency, and markets (English)

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