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Local governments on the brink (Special Issue)

Author

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  • Richard H. Mattoon

Abstract

This article examines the likelihood of local governments defaulting on their debt or filing for bankruptcy. Despite the challenging fiscal environment today, the vast majority of local governments are not likely to do either, if history serves as a guide for the future.

Suggested Citation

  • Richard H. Mattoon, 2011. "Local governments on the brink (Special Issue)," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue May.
    • Handle: RePEc:fip:fedhle:y:2011:i:may:n:286a
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2011/cflmay2011_286a.pdf
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    Cited by:

    1. Alexander Knobel & Bekhan Chokaev, 2014. "Possible Economic Outcomes of a Trade Agreement with the European Union," Working Papers 0107, Gaidar Institute for Economic Policy, revised 2014.

    More about this item

    Keywords

    Bankruptcy; Local government;

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