Documents & Reports

Managing subnational credit and default risks (English)


As a result of worldwide decentralization, subnational debt is rising. Subnational debt crises in major developing countries in the 1990s have led to strengthened regulatory frameworks for subnational borrowing and insolvency. With the fragility of the...  See More +


  • Liu, Lili; Waibel, Michael;
  • 2010/07/01
  • Policy Research Working Paper;
  • WPS5362
  • 1
  • 1
  • World
  • The World Region
  • 2010/07/19
  • Disclosed
  • Managing subnational credit and default risks
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