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 neglected issues / Paul Smoke
Part II Mechanisms for Promoting Fiscal Sustainability at the Local Government Level
3. Federalism, fiscal space, and public investment spending: do fiscal rules impose hard budget constraints? / Pinaki Chakraborty
4. Fiscal equalization schemes and subcentral government borrowing / Salvador Barrios and Diego Martínez-López
5. How well do subnational borrowing regulations work? / Jorge Martinez-Vazquez and Violeta Vulovic
Part III Country studies of central-local government relations
6. The fiscal risk of local government revenue in the People's Republic of China / Ziying Fan and Guanghua Wan
7. Key issues of central and local government finance in the People's Republic of China / Qichun Zhang and Shufang Li
8. Government decentralization program in Indonesia / Anwar Nasution
9. Case study of central and local government finance in Japan / Shun-ichiro Bessho
10. Fiscal decentralization and local budget deficits in Viet Nam: an empirical analysis / Peter J. Morgan and Long Q. Trinh
Part IV Behavioral implications of central-local government relations
11. Debt dynamics, fiscal deficit, and stability in government borrowing in India: a dynamic panel analysis / Panchanan Das
12. Forms of government decentralization and institutional quality: evidence from a large sample of nations / Rajeev K. Goel and James W. Saunoris
Index.