activities in a manner more consistent with the tenets of fiscal federalism …

Subnational insolvency is a reoccurring event in development, as demonstrated by historical and modern episodes of … subnational defaults in both developed and developing countries. Insolvency procedures become more important as countries … authors explain central features and variations of subnational insolvency mechanisms across countries.They identify judicial …

to adjust the municipality's debts?These questions raise important federalism concerns that have frequently been analyzed … under what this article calls the Great Divide Model of municipal bankruptcy federalism. This model formalistically …. Debt and governance often go hand in hand, both in causing and resolving financial distress. The federalism questions in …