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Partial coordination in local debt policies

This article compares several rules of coordinated debt policies to show that the central government intervention is not required to carry out an efficient local debt policy. The main argument is that a form of <italic>partial</italic> coordination results in the efficient outcome rather than a <italic>full</italic> coordination in local debt policies.
Year of publication:
2011
Authors: Nagami, Junichi ; Ogawa, Hikaru
Published in:
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 18.2011, 18, p. 1785-1787
Publisher: Taylor & Francis Journals
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Type of publication: Article
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Persistent link: https://www.econbiz.de/10010976481
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