In a Bad State: Responding to State and Local Budget Crises by David Schleicher
38,67 €
Tracing the long history of state and local borrowing, David Schleicher argues that federal officials want to achieve three things when a state or city nears default: prevent macroeconomic distress, encourage lending to states and cities to build infrastructure, and avoid creating incentives for recklessfuture state budgeting.
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