Subnational finance in Australia and China: The case for municipal bond banks

Grant, B; Woods, R; Tan, SF

Subnational finance in Australia and China: The case for municipal bond banks

Grant, B

Woods, R Tan, SF

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Publication Type:: Chapter
Citation:: Handbook of Research on Sub-National Governance and Development, 2016, pp. 150 - 166
Issue Date:: 2016-11-30

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Field	Value	Language
dc.contributor.author	Grant, B https://orcid.org/0000-0002-8055-6046	en_US
dc.contributor.author	Woods, R	en_US
dc.contributor.author	Tan, SF https://orcid.org/0000-0002-4919-5625	en_US
dc.date.issued	2016-11-30	en_US
dc.identifier.citation	Handbook of Research on Sub-National Governance and Development, 2016, pp. 150 - 166	en_US
dc.identifier.isbn	152251645X	en_US
dc.identifier.isbn	9781522516453	en_US
dc.identifier.uri	http://hdl.handle.net/10453/118866
dc.description.abstract	© 2017 by IGI Global. All rights reserved. The political and economic benefits of decentralization have been cogently represented, to the extent that decentralization and devolution comprise identifiable programs of reform across a range of polities. However, the public policy question of finance following function - and the oversight of this process - is less resolved. Further, concerns over the financial sustainability of sub-national governments continue across a range of polities. Against the backdrop of reforms to municipal finance in both Australia and China, this chapter provides an account of the formation and functioning of two successful sub-national financial institutions, the Local Government Finance Authority of South Australia (LGFA) and the Municipal Finance Authority of British Colombia. The case studies suggest that sub-national finance may not be the thorn in the side of decentralization it sometimes appears to be. The broader introduction of such financial instruments is considered.	en_US
dc.relation.ispartof	Handbook of Research on Sub-National Governance and Development	en_US
dc.relation.isbasedon	10.4018/978-1-5225-1645-3.ch007	en_US
dc.title	Subnational finance in Australia and China: The case for municipal bond banks	en_US
dc.type	Chapter
utslib.for	1205 Urban and Regional Planning	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (Research)
pubs.organisational-group	/University of Technology Sydney/DVC (Research)/lnstitute for Public Policy and Governance
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Arts and Social Sciences
pubs.organisational-group	/University of Technology Sydney/Strength - IPPG - Institute for Public Policy and Governance
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US

Abstract:

© 2017 by IGI Global. All rights reserved. The political and economic benefits of decentralization have been cogently represented, to the extent that decentralization and devolution comprise identifiable programs of reform across a range of polities. However, the public policy question of finance following function - and the oversight of this process - is less resolved. Further, concerns over the financial sustainability of sub-national governments continue across a range of polities. Against the backdrop of reforms to municipal finance in both Australia and China, this chapter provides an account of the formation and functioning of two successful sub-national financial institutions, the Local Government Finance Authority of South Australia (LGFA) and the Municipal Finance Authority of British Colombia. The case studies suggest that sub-national finance may not be the thorn in the side of decentralization it sometimes appears to be. The broader introduction of such financial instruments is considered.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/118866