The global debt crisis : haunting U.S. and European federalism / Paul E. Peterson, Daniel J. Nadler, editors. - viii, 241 pages ; 23 cm

Includes bibliographical references and index.

Federalism's emerging fiscal crisis / Competitive federalism under pressure / Can market discipline survive in the U.S. federation? / Putting a price on teacher pensions / Structural flaws in the design of public pension plans / Past and present high-risk investments by states and localities / Between centralization and federalism in the European Union / German federalism at the crossroads / Spanish federalism in crisis / Regional identity and fiscal constraints in Spanish federalism / The resilience of Canadian federalism / Paul E. Peterson and Daniel J. Nadler -- Paul E. Peterson and Daniel J. Nadler -- Jonathan Rodden -- Andrew G. Biggs and Jason Richwine -- Cory Koedel, Shawn Ni, Michael Podgursky -- Daniel Shoag -- Daniel Ziblatt -- Richard Simeon, James Pearce, and Amy Nugent.

"Debt crises have placed strains not only on the European Union's nascent federal system but also on the federal system in the United States. Old confrontations over fiscal responsibility are being renewed, often in a more virulent form, in places as far flung as Detroit, Michigan, and Valencia, Spain, to say nothing of Greece and Cyprus. Increasing the complexity of the issue has been public sector collective bargaining, now a component of most federal systems. The attendant political controversies have become the debate of a generation. Paul Peterson and Daniel Nadler have assembled experts from both sides of the Atlantic to break down the structural flaws in federal systems of government that have led to economic and political turmoil. Proposed solutions offer ways to preserve and restore vibrant federal systems that meet the needs of communities struggling for survival in an increasingly unified global economy."--Publisher's description.

9780815704874 0815704879 0815724179 9780815724179

2013034900


Debts, Public--United States.
Debts, Public--Europe.
Financial crises--Government policy.
Federal government--United States.
Federal government--Europe.

Schuldenkrise

Debts, Public.
Economic policy.
Federal government.
Financial crises--Government policy.


United States--Economic policy.
Europe--Economic policy.

USA
Europe.
United States.

HJ8119 / .G56 2013

336.30973