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Fiscal Governance in Europe
New York, Cambridge University Press, 2009. First edition. Hardback with dust jacket. Octavo, 23.5 x 16 cm, (x) 233 pp. Eight chapters with table of contents at the beginning of the book, bibliography and index at the end. "This book presents a theoretical framework to discuss how governments coordinate budgeting decisions. There are two modes of fiscal governance conducive to greater fiscal discipline, a mode of delegation and a mode of contracts. These modes contrast with a fiefdom form of governance, in which the decision-making process is decentralized. An important insight is that the effectiveness of a given form of fiscal governance depends crucially upon the underlying political system. Delegation functions well when there are few, or no, ideological differences among government parties, whereas contracts are effective when there are many such differences. Empirically, delegation and contract states perform better than fiefdom states if they match the underlying political system. Additional chapters consider why countries have the fiscal institutions that they do, fiscal governance in Central and Eastern Europe, and the role of such institutions in the European Union." (Inside flap)
A bit of rubbing on the front jacket, top of the front inside flap a bit crumpled, red and black stamps on the first free endpaper, otherwise book as new. Pages are clean and toned.
