Hagen, Jürgen Von; Bordignon, Massimo; Grewal, Bhajan S.; … - Inter-American Development Bank - 2000
We present four case studies of bailouts of subnational governments in Australia, Germany, Italy and Sweden. The case … studies show that bailouts can occur in a diverse set of institutions shaping the relations between central and subnational … public services and attempts by the central government to dominate subnational governments in matters of fiscal policy seem …