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The Anatomy of a Multiple Crisis: Why was Argentina Special and What Can We Learn from It?

Guillermo Perry and Luis Servén

in Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199271405
eISBN:
9780191601200
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199271402.003.0012
Subject:
Economics and Finance, Economic Systems

The Argentine crisis has been variously blamed on fiscal imbalances, real overvaluation, and self-fulfilling investor pessimism triggering a capital flow reversal. This chapter provides a full ... More


Democratic and Economic Consolidation in Southern Europe

Stavros B. Thomadakis

in Democracy and the State in the New Southern Europe

Published in print:
2006
Published Online:
May 2009
ISBN:
9780199202812
eISBN:
9780191708008
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199202812.003.0008
Subject:
Political Science, European Union, Democratization

This chapter focuses on fiscal conditions and structures and how they evolved over time in Greece, Portugal, and Spain. Their evolution went through three phases, that is, democratization, ... More


The MCF in a Federal System of Government

Bev Dahlby

in The Marginal Cost of Public Funds: Theory and Applications

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262042505
eISBN:
9780262271141
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262042505.003.0009
Subject:
Economics and Finance, Econometrics

This chapter focuses on the potential biases perceived in the marginal cost of public funds (MCFs) of subnational governments in a federation. These biases can arise because of vertical and ... More


Intergovernmental Transfers Rationale and Design

M. Govinda Rao and Nirvikar Singh

in The Political Economy of Federalism in India

Published in print:
2006
Published Online:
October 2012
ISBN:
9780195686937
eISBN:
9780199080571
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195686937.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter examines the economic rationale for intergovernmental transfers and analyses their appropriate design to fulfil the stated economic objectives. The main economic arguments for ... More


The American Century and the American Crisis

Michael Veseth

in Mountains of Debt: Crisis and Change in Renaissance Florence, Postwar Britain, and Postwar America

Published in print:
1991
Published Online:
October 2011
ISBN:
9780195064209
eISBN:
9780199854998
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195064209.003.0007
Subject:
Economics and Finance, Economic History

This chapter analyzes structural changes in the United States during the postwar period and, to a greater or lesser extent, other advanced, industrial economies. It attempts to answer the question of ... More


Applications of the MCF in Federations

Bev Dahlby

in The Marginal Cost of Public Funds: Theory and Applications

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262042505
eISBN:
9780262271141
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262042505.003.0010
Subject:
Economics and Finance, Econometrics

This chapter uses the marginal cost of public funds (MCF) to analyze three policy issues that arise in a federation. The chapter is organized as follows. Section 10.1 uses the MCF concept to analyze ... More


Pre-Crisis Macroeconomic Performance and Triggers of the Economic Crisis in Zimbabwe

Arnold M. Chidakwa and Gibson Chigumira

in Economic Management in a Hyperinflationary Environment: The Political Economy of Zimbabwe, 1980–2008

Published in print:
2016
Published Online:
March 2016
ISBN:
9780198747505
eISBN:
9780191810442
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198747505.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental, Macro- and Monetary Economics

This chapter analyses Zimbabwe’s pre-crisis macroeconomic performance and the triggers of the economic crisis that Zimbabwe suffered during the period 1997–2008. Economic crisis is defined in this ... More


Federalism and intergovernmental relations

Robyn Hollander

in Australian public policy: Progressive ideas in the neo-liberal ascendency

Published in print:
2014
Published Online:
May 2015
ISBN:
9781447312673
eISBN:
9781447312703
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781447312673.003.0018
Subject:
Political Science, Public Policy

Does federalism hinder or help progressive public policy? In Australia, opportunities for policy diversity haves been frustrated by the commonwealth's expansion into areas of state responsibility. ... More


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