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Fiscal Rules: Limits on Governmental Deficits and Debt

Fiscal Rules: Limits on Governmental Deficits and Debt

Author: Fred L. Morrison
Publisher: Springer-Verlag
ISBN: 9783319412030
Published In: August 2016
Format: Hardback
Jurisdiction: Switzerland ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

This book examines legal limitations on government deficit and debt and its impact on the ability of nations to provide services to their residents. It studies constitutional and statutory limitations, as well as those imposed by international treaties and other instruments, including those of both the European Union and the International Monetary Fund.

The book contains a general report examining the fiscal rules that govern the budgets and expenditures of nation states. The general report is followed by a special report which covers the limits imposed by the European Union and by the smaller group of countries constituting the Eurozone. Ten national reports, describing the limits in their respective countries, form the basis of the general report. These countries include eight members of the European Union (five of which use the Euro and three of which do not), one other European state and one non-European state. The reports include two countries in which constitutional "debt brakes" limit national deficit and debt.

Preface

About the Authors

Part I. General Report

Chapter 1. Fiscal Rules: Legal Limits on Government Deficit and Debt

Fred L. Morrison

Part II. Special Regional Report

Chapter 2. The Crisis of the Economic and Monetary Union and its Solution (or Dissolution?)

Michal Tomasek

Part III. National Reports

Chapter 3. La dette publique dans le systeme constituionnel et federal belge

Dimitri Vernault

Chapter 4. The process of budgeting and issues of indebtedness in the Czech Republic