Fiscal distress of local governments and municipalities is a non-negligible component of the public finance turmoil after the Great Recession. In this paper we consider a dataset of Italian municipalities over the period 2000-2012 and look for the main budget determinants of local default....

Der Autor ist Honorarprofessor an der Deutschen Universität für Verwaltungswissenschaften in Speyer. Er bringt viel Verwaltungserfahrung als ehemaliger Beigeordneter, Stadtkämmerer und Geschäftsführer des Städtetages in Rheinland-Pfalz mit. In 10 Kapiteln analysiert er die Situation der...

While the importance of municipal bonds for the provision of public services is well-documented, the consequences of municipal bankruptcies remain understudied. We contribute to this literature by studying the effects of municipal bankruptcies on crime. Using the staggered...