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Theory and Practice of Confederate Finances

In: Public Finance in a Changing World

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  • Dubravko Mihaljek

Abstract

Recent coalescing and splintering movements in Europe and other parts of the world have highlighted the importance of political and constitutional constraints on the design of interjurisdictional fiscal arrangements, and challenged public finance analysts to understand why it is that nations enter or leave such arrangements. In an attempt to address these important issues, this chapter looks at the historical experiences of confederations — that is, structures in which the ‘federal’ government is subordinate to ‘lower-level’ governments — and at the key issues that arise in the design of fiscal arrangements within confederations.

Suggested Citation

  • Dubravko Mihaljek, 1998. "Theory and Practice of Confederate Finances," Palgrave Macmillan Books, in: Peter Birch Sørensen (ed.), Public Finance in a Changing World, chapter 7, pages 193-220, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14336-8_8
    DOI: 10.1007/978-1-349-14336-8_8
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    Cited by:

    1. Dubravko Mihaljek & Bruno Tissot, 2003. "Fiscal positions in emerging econimies: central banks' perspective," BIS Papers chapters, in: Bank for International Settlements (ed.), Fiscal issues and central banking in emerging economies, volume 20, pages 10-37, Bank for International Settlements.

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