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The 2019 keynote address offers an important opportunity for economic historians and policy makers to better understand the nuances associated with Detroit’s recent financial problems, ultimate bankruptcy, and its broader implications for state and local governments in general. This episode is...
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of insolvency and bankruptcy, which can have tremendous negative repercussions on service delivery by municipalities … insolvency regimes as an alternative to municipal bailouts. First, the advantages and disadvantages of local insolvency regimes … will be discussed from a theoretical perspective. Subsequently, empirical evidence from existing local insolvency regimes …
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