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Record Nr. |
UNINA9910828747903321 |
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Titolo |
Until debt do us part : subnational debt, insolvency, and markets / / Otaviano Canuto and Lili Liu, Editors |
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Pubbl/distr/stampa |
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Washington, D.C. : , : The World Bank, , 2013 |
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ISBN |
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Descrizione fisica |
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1 online resource (pages cm) |
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Altri autori (Persone) |
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CanutoOtaviano |
LiuLili (Economist) |
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Disciplina |
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Soggetti |
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Debts, Public |
Bankruptcy |
Fiscal policy |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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pt. 1. Subnational debt restructuring -- pt. 2. Subnational insolvency framework -- pt. 3. Developing subnational debt markets. |
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Sommario/riassunto |
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With decentralization and urbanization, the debts of state and local governments and of quasi-public agencies have grown in importance. Rapid urbanization in developing countries requires large-scale infrastructure financing to help absorb influxes of rural populations. Borrowing enables state and local governments to capture the benefits of major capital investments immediately and to finance infrastructure more equitably across multiple generations of service users.With debt comes the risk of insolvency. Subnational debt crises have reoccurred in both developed and developing countries. Rest |
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