Book Received | |||||||||||||||||||
Section A) The theory and practise of the federal states and multi-level systems of government |
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Fasten Erik R.
Financial Markets and Public Finance: Sovereign Risks, Credit Markets and Fiscal Federalism
Ed.
Nomos Verlag
,
Baden Baden
,
2012
Page 320 ISBN 9783832965792
| The considerable sovereign indebtedness of developed economies and the accumulated risks in the financial sector trigger increasing financial and economic instability worldwide. The book examines the core interactions between financial markets and public finance: How do markets value fiscal sustainability and contingent liabilities of governments? Which institutions might contain public indebtedness? Which institutions contribute to the sound functioning of financial markets and how do they work? Which channels of transmission of fiscal policy on economic activity are relevant? How to contain sovereign debt crises? |
| Description |
| Series: Neue Studien zur Politischen Ökonomie, Band 10. |
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