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Until debt do us part : subnational debt, insolvency, and markets

By:

Canuto, Otaviano

Material type: Text

TextPublication details: World Bank Washington, D.C.US 2013Description: xxxiv, 616 pAction note:

10/12/16 SANDRAW

Summary: Surveys the reform experience of selected countries in strengthening subnational fiscal discipline and developing a framework for the resolution of subnational debt stress.Focusses on two types of debt restructuring, viz. national-government-led restructuring and the other central-government-led restructuring. Discusses the experiences of Cina, the Phillipines, Russia and South Africa in developing their subnational credit markets.

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Surveys the reform experience of selected countries in strengthening subnational fiscal discipline and developing a framework for the resolution of subnational debt stress.Focusses on two types of debt restructuring, viz. national-government-led restructuring and the other central-government-led restructuring. Discusses the experiences of Cina, the Phillipines, Russia and South Africa in developing their subnational credit markets.

10/12/16 SANDRAW

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