Negative Externality of Fiscal Problems: Dissecting the Contagion Effect of Municipal Bankruptcy

The fiscal decision of one local government may spill over to other localities, and such externality could justify and inform policy making by a higher-level government. Theories of municipal bond market contagion postulate that once a local government files for bankruptcy, localities sharing simila...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Public administration review 2019-03, Vol.79 (2), p.156-167
1. Verfasser:	Yang, Lang (Kate)
Format:	Artikel
Sprache:	eng
Schlagworte:	American history Bankruptcy Bond markets Contagion Creditors Financial planning Interest rates Local government Municipal bonds Obligations Policy making Proximity Public finance Research Article United States History
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!