Newsletter

Local governments on the brink (Special Issue)


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.

Keywords: Bankruptcy; Local government;

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2011

Issue: May

Order Number: 286a