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Local public finance regulation differs among countries. The intention of this chapter is to compare current regulatory systems, uncover similarities and differences and provide some cautious explanations on developments. As example, three Southeast European countries - Slovenia, Croatia and...
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The impact of state tax and expenditure limitations (TELs) on bond credit ratings is estimated using an incomplete (or unbalanced) panel from the US states from 1973 to 2005. Three indices of the restrictiveness of TELs are used. Both Moody’s and Standard and Poor’s bond credit...
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