This paper calls for a new focus on the financial resilience of governments, trying to identify patterns of financial behaviour in Italian municipalities at a juncture where economic downturn, fiscal crises and austerity are posing unprecedented challenges. A possible measure of financial resilience is proposed, as well as a classification of municipalities' approaches to financial resilience based on the scope and volatility of the budgetary position. From the combination of the two dimensions, four strategies are analyzed and discussed

Municipal financial resilience: four patterns of response to external shocks

BARBERA, CARMELA;GUARINI, ENRICO;STECCOLINI, ILEANA
2013-01-01

Abstract

This paper calls for a new focus on the financial resilience of governments, trying to identify patterns of financial behaviour in Italian municipalities at a juncture where economic downturn, fiscal crises and austerity are posing unprecedented challenges. A possible measure of financial resilience is proposed, as well as a classification of municipalities' approaches to financial resilience based on the scope and volatility of the budgetary position. From the combination of the two dimensions, four strategies are analyzed and discussed
In the Eye of the Storm: Public Sector Accounting, Financial Crisis and Austerity
Barbera, Carmela; Guarini, Enrico; Steccolini, Ileana
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/3974530
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