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3038 Hennepin Ave Minneapolis, MN
612-822-4611
Local Governments' Financial Vulnerability: Analysing the Impact of the Covid-19 Pandemic

Local Governments' Financial Vulnerability: Analysing the Impact of the Covid-19 Pandemic

Paperback

Series: Routledge Research in Urban Politics and Policy

AccountingInvesting & FinanceUnited States Politics

ISBN10: 1032228105
ISBN13: 9781032228105
Publisher: Routledge
Published: Sep 25 2023
Pages: 134
Weight: 0.36
Height: 0.29 Width: 5.50 Depth: 8.50
Language: English

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 United States. 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.

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United States Politics