If there is an area in contemporary politics where black and white analysis is ineffective it is political finance, since transparency rules are weak and reliable information scarce. At least that is the message you get after reading Kevin Casas-Zamoras book. In a thoroughly researched text (based on a doctoral thesis which was awarded a prize by the European Consortium for Political Research in 2004), the author proves his assertion that there is hardly an institution of state funding that can be readily advocated or criticized in the abstract, but a myriad of schemes with vastly different levels of generosity, recipients, allocation procedures and disbursement modes. The scope of the book is wide-ranging, since it is based on a large data set on political financing in more than forty democracies, and thoroughly analyses two specific cases: Costa Rica and Uruguay&. Casas-Zamora offers the reader an illuminating comparative study of the fundamentals of party subsidies.Using a large data set on political financing in more than 40 democracies, the book offers an unprecedented comparative study of the features of party subsidies and their effects on campaign finance practices, party systems and party organisations.If the funding of parties and campaigns is a crucial issue for democratic theory and practice, then the spread of State subsidies for parties is, arguably, the most important trend in contemporary political finance. Using a large data set on political financing in more than 40 democracies, the book offers an unprecedented comparative study of the features of party subsidies and their effects on campaign finance practices, party systems and party organisations. The book also provides a detailed empirical account of campaign finance in two of Latin America's most consolidated democracies. Drawing upon extensive archival work and interviews, this work sheds light on largely hidden aspects of politics in the developing world and questions widespread beliefs ală±