Poverty Reduction & Economic Management;effective insolvency and creditor rights systems;Subnational Debt;debt restructuring;debt finance;fiscal rule;subnational insolvency ...  See More + subnational fiscal;financial distress;Public Services;default risk;access to debt financing;legal and regulatory framework;high debt service ratio;public sector net debt;Management of Financial Risk;fiscal adjustment;intergovernmental fiscal system;global financial crisis;majority of creditor;soft budget constraint;hard budget constraint;contingent liabilities;fiscal deficit;insolvency mechanism;contingent liability;bankruptcy;fiscal emergency;public finance system;settlement of claim;debt restructuring agreement;federal government;moral hazard;unsecured creditor;debt crisis;fiscal watch program;liquidation of asset;class of claim;public capital investment;satisfaction of creditor;public service delivery;debt restructuring procedure;negotiations between debtor;municipal finance market;repayment of creditor;discharge of debt;accounting and reporting;financial market development;subnational bond market;framework for insolvency;fiscal adjustment process;local government debt;power and water;subnational regulatory framework;fiscal management report;public utility companies;credit rating system;early warning system;risk of insolvency;chamber of accounts;Special Purpose Vehicle;debt restructuring mechanism;role of court;variable interest rate;foreign exchange risk;municipal credit market;debt adjustment plan;assets in bankruptcy;public finance law;public private partnership;moral hazard problem;effective insolvency system;real interest rate;public debt market;public-private partnership;cost of finance;assets for distribution;adjustment of debt;journal of finance;Public Sector Undertakings;choice of approach;financial management reform;international rating agency;implications for development;piece of legislation;fiscal monitoring system;cost of fund;Subnational Finance;legal framework;primary balance;insolvency procedure;debt obligation;federal court;sovereign guaranty;financial account;indian states;insolvency proceeding;fiscal responsibility;public entity;global recovery;historical context;bankruptcy framework;fiscal policy;Fiscal policies;public accountant;fiscal target;current expenditure;fiscal transparency;bankruptcy filing;gross debt;tax base;fiscal mismanagement;fiscal space;essential services;financial health;taxation power;balanced budget;Urban Infrastructure;fiscal position;contractual right;preferential treatment;security provision;debt issue;cross-country experience;private debtor;good faith;sovereign default;debt instrument;fiscal autonomy;existing debt;fiscal variable;corporate bankruptcy;golden rule;market access;macroeconomic environment;macroeconomic crisis;budget deficit;large-scale infrastructure;federal country;increasing share;supply side;private corporation;public nature;fiscal framework;own-source revenue;individual creditor;budgetary process;financial system;municipal insolvency;commitment device;political pressure;debt settlement;Municipalities;crowding out;Fiscal Federalism;subnational lending;market price;competitive capital;fiscal correction;transfer system;pension liabilities;market participant;pay-as-you-go system;subnational creditworthiness;nonperforming asset;legislation stipulating;fiscal limit;financial trustee;primary deficit;funding source;legislative branch;macroeconomic variable;case history;raise revenues;take time;high spending;fiscal profligacy;macroeconomic effect;higher deficit;risky debt;transparent rule;political intervention;regulatory element;short maturity;administrative control;market financing;market borrowing;market system;sovereign rating;government benefit;subsovereign rating;fiscal behavior;savings ratio;total stock;fiscal crisis;legal order;guarantee issue;private insolvency;private entity;administrative procedure;private investor;municipal debtor;legal act;expenditure system;contract right  See Less -