The global debt crisis : haunting U.S. and European federalism / Paul E. Peterson, Daniel J. Nadler, editors.

Includes bibliographical references and index.

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