Bulletin n. 2/2016
December 2016
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
  • Fernández Llera Roberto
    Vigencia de la LOFCA en materia de operaciones de crédito
    in Cuadernos Manuel Giménez Abad , n. 11, junio ,  2016 ,  35-52
    Departing from fiscal federalism arguments which justify the debt of constituent units in decentralized countries, the author analyses in this text the restrictions on credit operations established by the Organic Law 8/1980 on the Financing of the Autonomous Communities (LOFCA). These restrictions, which have been established before the rules of budgetary stability were approved, are based on general assumption of the Theory of Fiscal Federalism. The author evaluates their effectiveness and concludes that these debt restrictions are still valid however some reforms are necessary in order to meet current commitments. Full text available online at http://www.fundacionmgimenezabad.es/images/Documentos/Cuadernos/cuadernos11_junio_2016.pdf
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