This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks,...

Transfers and bailouts: enforcing local fiscal discipline with lessons from U.S. federalism / Robert P. Inman -- Constraining subnational fiscal behavior in Canada: different approaches, similar results? / Richard M. Bird and Almos Tassonyi -- Vertical imbalance and fiscal behavior in a welfare...