The global financial crisis exposed great shortcomings in the global economic architecture, generating extensive international debate about possible remedies for these deficiencies. The postwar global architecture was guided by major developed economies, centered around the IMF, the GATT, and...

Contents: Preface -- Part I Frameworks for central-local government relations -- 1. Frameworks for central-local government relations and fiscal sustainability / Peter J. Morgan and Long Q. Trinh -- 2. Looking beyond conventional intergovernmental fiscal frameworks: principles, realities, and...