The Future of Federalism
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The Future of Federalism

Intergovernmental Financial Relations in an Age of Austerity

Edited by Richard Eccleston and Rick Krever

The crisis and its aftermath had a dramatic short-term effect on federal relations and, as the twelve case studies in this volume show, set in place a new set of socio-political factors that are shaping the longer-run process of institutional evolution and adaptation in federal systems. This illuminating book illustrates how an understanding of these complex dynamics is crucial to the development of policies needed for effective and sustainable federal governance in the twenty-first century.​
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Chapter 14: Intergovernmental financial relations in an age of austerity: implications for the future of federalism

Richard Eccleston, Richard Krever and Peter Mellor

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14. Intergovernmental financial relations in an age of austerity: implications for the future of federalism Richard Eccleston, Richard Krever and Peter Mellor 14.1 INTRODUCTION The financial crisis that first disrupted global markets in 2008 may ...

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