European University Institute Library

Handbook of multilevel finance, Ehtisham Ahmad, Giorgio Brosio

eng

Includes bibliographical references and index

mapsillustrations

index present

non fiction

Handbook of multilevel finance

bibliography

902659951

Ehtisham Ahmad, Giorgio Brosio

This Handbook explores and explains new developments in the 'second generation' theory of public finance, in which benevolent rulers and governments have been replaced by personally motivated politicians and the associated institutions. In other words, the normative approach has largely given way to a political economy approach which emphasizes the importance of institutional arrangements and information flows to ensure there are appropriate incentives and sanctions to generate good governance. Following a comprehensive introduction by the editors, the renowned contributors present fresh and original perspectives on the key multi-level issues, along with recent developments in theory and practice, as they relate to taxes, budget systems, the management of liabilities and macroeconomic stability. The book also explores special issues concerning the poor and marginalized, structural change and the environment, natural disasters, and the task of overcoming conflicts whilst keeping countries together.--, Provided by publisher

I. Approaches and interpretations -- II. Policies, instruments and institutions -- III. Emerging challenges