Intergovernmental Bargaining and Economic Policy in Federations --From Market-Preserving to Market-Distorting Federalism: Divergent Incentives and Economic Reform in Developing Nations --Federalism and the Decentralized Politics of Macroeconomic Policy and Performance --Testing the Model:...

This paper explores the experience of six countries (Chile, Colombia, Egypt, Mexico, Spain and Thailand) with capital inflows. It illustrates that although capital inflows are usually beneficial, too great an inflow can become a problem and make it difficult for authorities to choose the...