The Size of Local Governments in Central and Eastern Europe
What is the optimal size of a local government unit? 'Consolidation or Fragmentation? The Size of Local governments in Central and Eastern Europe' addresses this policy relevant question in relation to the emerging democracies of the region.
This book sketches the theoretical and practical consequences that local governments face in deciding to borrow. It cites examples from western Europe where they have succeeded and failed in managing capital loans. Country studies reflect on the borrowing market in Czechia, Estonia, Hungary, Poland, Romania, Russia and Slovakia. Steps are outlined that would facilitate the opportunities for local governments to borrow. A variety of practical arrangements for regulation are presented.