LEADER 02429nam 2200589 a 450 001 9910463219103321 005 20200520144314.0 010 $a0-8213-9767-2 035 $a(CKB)2670000000339551 035 $a(EBL)1154783 035 $a(OCoLC)831117416 035 $a(SSID)ssj0000834553 035 $a(PQKBManifestationID)12346749 035 $a(PQKBTitleCode)TC0000834553 035 $a(PQKBWorkID)10982030 035 $a(PQKB)10964253 035 $a(MiAaPQ)EBC1154783 035 $a(Au-PeEL)EBL1154783 035 $a(CaPaEBR)ebr10662092 035 $a(CaONFJC)MIL464558 035 $a(EXLCZ)992670000000339551 100 $a20121206d2013 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 00$aUntil debt do us part$b[electronic resource] $esubnational debt, insolvency, and markets /$feditors, Otaviano Canuto and Lili Liu 210 $aWashington, D.C. $cWorld Bank$d2013 215 $a1 online resource (654 p.) 300 $aDescription based upon print version of record. 311 $a0-8213-9766-4 320 $aIncludes bibliographical references and index. 327 $apt. 1. Subnational debt restructuring -- pt. 2. Subnational insolvency framework -- pt. 3. Developing subnational debt markets. 330 $aWith 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 606 $aDebts, Public 606 $aBankruptcy 606 $aFiscal policy 608 $aElectronic books. 615 0$aDebts, Public. 615 0$aBankruptcy. 615 0$aFiscal policy. 676 $a336.3/4 701 $aCanuto$b Otaviano$0871606 701 $aLiu$b Lili$c(Economist)$0989352 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463219103321 996 $aUntil debt do us part$92262575 997 $aUNINA