"Underfunded pension liabilities threaten the fiscal stability of many cities. While Detroit's bankruptcy has dominated the headlines, the problem is widespread. With ongoing battles in many localities, policymakers are increasingly turning their attention to the legacy issues surrounding the...

Andreas Steiner assesses the relationships between global imbalances, financial crises, and central bank policies, with a specific focus on their reserves. His combination of a strictly international perspective with an analysis based on empirical research enables him to develop an analytical...

This volume explores the topics relating to the federal budget of the United States by presenting varied expert opinions that examine many of the different aspects that comprise these issues. The viewpoints are selected from a wide range of highly respected and often hard-to-find sources and...