Local Governments’ Financial Vulnerability: Analysing the Impact of the Covid-19 Pandemic (Routledge Research in Urban Politics and Policy)

Synopsis

Local Governments’ Financial Vulnerability presents a conceptual framework developed to examine how vulnerable local finances were before and in the immediate aftermath of the Covid-19 pandemic crisis by mapping and systematising its dimensions and sources. The model is then applied to eight countries with different administrative models and traditions: Australia, Austria, Bosnia and Herzegovina, Germany, Italy, Portugal, Spain, and the USA. Comparative results reveal not only that Covid-19 impacts and policy tools had a lot of similarities across countries, but also that financial vulnerability has an inherently contingent nature in time and space and can lead to paradoxical outcomes. The book shows that the impact of the crisis on local governments’ finances has been postponed and that financial vulnerability is expected to increase dramatically for a few years following the pandemic, especially in larger and richer municipalities which are traditionally more autonomous and less financially vulnerable. The authors provide timely insights and analytical tools that can be useful for both academic and public policy purposes, to further appreciate local governments’ financial vulnerability, especially during crises. This book is a valuable resource for practitioners and academics, as well as students of public policy, public management, financial management, and public accounting. Local governments can use the framework to better appreciate and manage their financial vulnerability, while oversight authorities can use it to help local governments become less financially vulnerable or, at least, more aware of their financial vulnerability. Financial institutions, advisors, and rating agencies may use this publication to refine or revise their models of credit risk assessment.

Copyright:

2022

Book Details

Book Quality:

Publisher Quality

Book Size:

134 Pages

ISBN-13:

9781000581652

Related ISBNs:

9781032228099, 9781032228105, 9781003274278

Publisher:

Taylor and Francis

Date of Addition:

09/11/23

Copyrighted By:

selection and editorial matter, Emanuele Padovani, Eric Scorsone, Silvia Iacuzzi and Simone Valle de Souza

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

Nonfiction, Politics and Government

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.

Edited by:

Emanuele Padovani

Edited by:

Eric Scorsone

Edited by:

Silvia Iacuzzi

Edited by:

Simone Valle de Souza