Berthold, Norbert (contributor); Fricke, Holger (contributor) - 2007
Netherlands was in the leading position, then Great Britain, de facto federal at that
time, set the pace, and finally, the USA …
As the federal government of the USA has direct access to the central bank whereas the US
States have not, it is of … specific importance in the USA that many competences are assigned
to decentralised jurisdictions as they face a harder budget …