Bailouts in a Federation

• Published in: International tax and public finance Vol. 9; no. 4; pp. 409 - 421
• Main Author: Goodspeed, Timothy J
• Format: Journal Article
• Language: English
• Published: New York Springer 01.08.2002; Springer Nature B.V
• Series: International Tax and Public Finance
• Subjects: Alliances; Bailouts; Borrowing; Consumption; Costs; Decentralization; Economic theory; Federal government; Federalism; Fiscal policy; Game theory; Government grants; Incentives; International finance; Opportunity costs; Politics; Public enterprise; Public finance; Regional government; Regions; soft budget constraint; Studies; Tax increases; Tax rates; Taxes

The recent move towards decentralization in countries such as Spain, Hungary, and South Africa and the difficulties that central governments have had in dealing with fiscal irresponsibility on the part of regional governments in countries such as Argentina, Brazil, and India has made the study of tr...