LEADER 02531oam 22006135 450 001 9910828747903321 005 20200520144314.0 010 $a0-8213-9767-2 024 7 $a10.1596/978-0-8213-9766-4 035 $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(The World Bank)17551475 035 $a(US-djbf)17551475 035 $a(EXLCZ)992670000000339551 100 $a20121206d2013 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 00$aUntil debt do us part $esubnational debt, insolvency, and markets /$fOtaviano Canuto and Lili Liu, Editors 210 1$aWashington, D.C. :$cThe World Bank,$d2013. 215 $a1 online resource (pages cm) 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 $aWith decentralization and urbanization, the debts of state and local governments and of quasi-public agencies have grown in importance. Rapid urbanization in developing countries requires large-scale infrastructure financing to help absorb influxes of rural populations. Borrowing enables state and local governments to capture the benefits of major capital investments immediately and to finance infrastructure more equitably across multiple generations of service users.With debt comes the risk of insolvency. Subnational debt crises have reoccurred in both developed and developing countries. Rest 410 0$aWorld Bank e-Library. 606 $aDebts, Public 606 $aBankruptcy 606 $aFiscal policy 615 0$aDebts, Public. 615 0$aBankruptcy. 615 0$aFiscal policy. 676 $a336.3/4 701 $aCanuto$b Otaviano$01627149 701 $aLiu$b Lili$c(Economist)$01708874 801 0$bDLC 801 1$bDLC 906 $aBOOK 912 $a9910828747903321 996 $aUntil debt do us part$94098167 997 $aUNINA