Table of Contents

Handbook of Multilevel Finance

Handbook of Multilevel Finance

Edited by Ehtisham Ahmad and Giorgio Brosio

This Handbook explores and explains new developments in the “second generation” theory of public finance, in which benevolent rulers and governments have been replaced by personally motivated politicians and the associated institutions. Following a comprehensive introduction by the editors, the renowned contributors present fresh and original perspectives on the key multi-level issues, along with recent developments in theory and practice, as they relate to taxes, budget systems, the management of liabilities and macroeconomic stability. The book also explores special issues concerning the poor and marginalized, structural change and the environment, natural disasters, and the task of overcoming conflicts whilst keeping countries together.

Chapter 1: Introduction

Ehtisham Ahmad and Giorgio Brosio

Subjects: economics and finance, public finance, public sector economics


This volume addresses developments in the theory of fiscal federalism, and insights from the ‘second generation’ models, but also the changes in practice. The latter includes the key multilevel issues that would be relevant in designing and implementing sub-national taxes, budget systems, management of liabilities and macroeconomic stability. In addition it is useful to focus on special issues related to the poor and marginalized, addressing structural change and the environment including facing natural disasters, as well as overcoming conflicts and keeping countries together. The first part of the volume addresses theoretical developments in a historical context – as often theory follows changes in practice. The second part addresses the nexus between policies, instruments and institutions. And the final part addresses key emerging issues in relation to multilevel finance.