This paper examines the determinants of sub-national governments risk premia using secondary market data for U.S., Canada, Australia and Germany. It finds that, as for central governments, fiscal fundamentals matter in the pricing of risk premia, and sub-national governments with higher public...

This chapter examines three areas where multilateral cooperation is necessary: climate change, international corporate taxation, and sustainable development. Progress in addressing challenges in all these three areas through global cooperation is crucial. We need to find effective ways to limit...

This paper finds that regional disparities have widened in Slovakia since 2000. Notwithstanding σ-divergence in the levels, there was conditional β-convergence in the growth rates of GDP per capita and labor productivity. Improvements in total factor productivity, mostly due to within-sector...