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Italian Municipalities And The Fiscal Crisis
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Book Synopsis Italian Municipalities and the Fiscal Crisis by : Carmela Barbera
Download or read book Italian Municipalities and the Fiscal Crisis written by Carmela Barbera and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Through a multiple case study of eight Italian municipalities, our paper identifies the main shocks perceived by the local management as a consequence of the recent fiscal crisis and the related organizational responses. The analysis roots current responses in longer-term municipal financial management and strategies. Even in a context where the shocks are described and identified as being much the same, there is not a single pattern of response, but (at least) four different ways of reacting to shocks can be identified: reorientation, buffering, continuous adjustment, avoiding problems and catching opportunities.
Book Synopsis Fiscal Rules to Tame the Political Budget Cycle by : Lorenzo Forni
Download or read book Fiscal Rules to Tame the Political Budget Cycle written by Lorenzo Forni and published by International Monetary Fund. This book was released on 2017-01-20 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper provides evidence that fiscal rules can limit the political budget cycle. It focuses on the application of the Italian fiscal rule at the sub-national level over the period 2004-2006 and shows that: 1) municipalities are subject to political budget cycles in capital spending; 2) the Italian subnational fiscal rule introduced in 1999 has been enforced by the central government; 3) municipalities subject to the fiscal rule show more limited political budget cycles than municipalities not subject to the rule. In order to identify the effect, we rely on the fact that the domestic fiscal rule does not apply to municipalities below 5,000 inhabitants. We find that the political budget cycle increases real capital spending by about 35 percent on average in the years prior to municipal elections and that the sub-national fiscal rule reduces these figures by about two thirds.
Book Synopsis Local Public Finance by : René Geissler
Download or read book Local Public Finance written by René Geissler and published by Springer Nature. This book was released on 2021-04-20 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is based upon a comparative public administration research project, initiated by the Hertie School of Governance (Germany) and the Bertelsmann Foundation (Germany) and supported by a network of researchers from many EU countries. It analyzes both the regimes and the practices of local fiscal regulation in 21 European countries. The book brings together key findings of this research project. The regulatory discussion is not limited to the prominent issue of fiscal rules but focuses on every component of regulation. Beyond this, the book covers affiliated topics such as the impact of regulation for local governments, evolution of regulation, administrative costs and crisis prevention. The various book chapters throughout provide a broad picture of local public finance regulation in theory and in practice, using different theoretical and national lenses for the analysis. Furthermore, the authors investigate the effects of budgetary constraints and higher-level regulatory efforts on local governments and on democracy and public services in every European country. This book fills a gap with respect to the lack of discussion on local government finance from an international, comparative perspective and, in particular, the regulation of local public finance. With its mix of authors, this book will be useful for practitioners as well as for scholars and for theory-driven research.
Book Synopsis Territorial Government Reforms at the Time of Financial Crisis by : Erik Longo
Download or read book Territorial Government Reforms at the Time of Financial Crisis written by Erik Longo and published by . This book was released on 2017 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Italian system of local government has experienced a series of fundamental innovations during the last decade. Although Italy's territorial government has moved from a light to a stronger decentralization, the Country has been embedded in an endless transition process. The last few years have witnessed a hectic period of draft constitutional amendments whose results remain to be seen. On 1st Jan. 2015 a new institution, the metropolitan city, took its place among the Italian territorial authorities. Despite its incorporation in the Italian Constitution since 2001, the metropolitan city only become a reality only when the national government carried out process of reform and transformation of Italian territorial government by transforming ten large cities and into metropolitan cities and depriving other intermediate governments (regions and provinces) of their fundamental competencies. This paper critically reviews the activation of metropolitan cities and the reshuffle of Italian territorial authorities made by the 'Delrio' Law. It stresses the way in which this reform marks the shift towards a new phase of the Italian regionalism, which is dominated both by a dynamic of re-centralizing intergovernmental relations and by the resulting loss for provincial and regional governments.
Book Synopsis The Local Fiscal Crisis in Western Europe by : Laurence James Sharpe
Download or read book The Local Fiscal Crisis in Western Europe written by Laurence James Sharpe and published by Sage Publications (CA). This book was released on 1981 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Denmark and Norway public resistance to the growth of taxation of any kind has become the basis for new political parties. Yet in many countries, local governments cannot meet their expenditure from their own taxes. This supposed crisis of local finance is the focus for this group research effort.--Book jacket.
Book Synopsis Determinants of Fiscal Distress in Italian Municipalities by : Wildmer Daniel Gregori
Download or read book Determinants of Fiscal Distress in Italian Municipalities written by Wildmer Daniel Gregori and published by . This book was released on 2015 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal distress of local governments and municipalities is a non-negligible component of the public finance turmoil after the Great Recession. In this paper we consider a dataset of Italian municipalities over the period 2000-2012 and look for the main budget determinants of local default. According to our results the default probability is positively affected by the share of loan repayment over total spending.This result is robust to alternative model specifications as well as inclusion of fixed effects, time dummies and macroeconomic control variables.
Book Synopsis Fiscal Rules and Public Spending by : Wildmer Daniel Gregori
Download or read book Fiscal Rules and Public Spending written by Wildmer Daniel Gregori and published by . This book was released on 2014 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is to investigate the extent to which local budget spending composition reacts to fiscal rules variations. I consider the budget of Italian municipalities and exploit specific changes in the Domestic Stability Pact's rules, to perform a difference-in-discontinuities analysis. The results show that not all rules are equally effective: imposing a cap on the total amount of consumption and investment is not as binding as two caps, one specific for consumption and a different one for investment spending. More specifically, the consumption variation is triggered by changes in the level of wages and services spending, while investment relies on infrastructure movements. In addition, there is evidence that when an increase in investment is achieved, there is also a higher budget deficit level.
Author :Frank Eckardt Publisher :Transcript Verlag, Roswitha Gost, Sigrid Nokel u. Dr. Karin Werner ISBN 13 :9783837628425 Total Pages :200 pages Book Rating :4.6/5 (284 download)
Download or read book City of Crisis written by Frank Eckardt and published by Transcript Verlag, Roswitha Gost, Sigrid Nokel u. Dr. Karin Werner. This book was released on 2015-05-15 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The on-going crisis in Europe has dramatic impact on the life in many Southern European cities: Unemployment, social deprivation, poverty, political instability, severe cuts in the welfare state budgets and a wide spread feeling of despair have eroded much of the social foundation of the cities. In this book, contributors from Spain, Greece, Portugal and Italy provide an insight into the complex interference between the different aspects of the crisis. They show that the recent urban crisis is not purely a result of the budgetary problems of the nation state ("austerity urbanism") but needs to be seen as multiple contestations. It is therefore regarded in connection to the conditions of a changing nation state, cultural diversity, challenged urban planning and politics and a globalised economy.
Book Synopsis The Financial Crisis Inquiry Report by : Financial Crisis Inquiry Commission
Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Book Synopsis Research Handbook on City and Municipal Finance by : Craig L. Johnson
Download or read book Research Handbook on City and Municipal Finance written by Craig L. Johnson and published by Edward Elgar Publishing. This book was released on 2023-09-06 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely Research Handbook explores the handling of city and municipal finances in the 21st century. It examines the impact of the Great Recession and COVID-19 pandemic on cities and municipalities, highlighting strengths, weaknesses, and avenues for future progress in city and municipal financial management.
Book Synopsis Financial Sustainability and Intergenerational Equity in Local Governments by : Rodríguez Bolívar, Manuel Pedro
Download or read book Financial Sustainability and Intergenerational Equity in Local Governments written by Rodríguez Bolívar, Manuel Pedro and published by IGI Global. This book was released on 2018-03-16 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Due to the mortgage crisis of 2008, laws aimed at achieving budgetary and financial stability were enacted. The concept of ?nancial sustainability has been linked to the need of rendering public services without compromising the ability to do so in the future. Financial Sustainability and Intergenerational Equity in Local Governments is a critical scholarly resource that analyzes the financial sustainability of local governments with the aim of ensuring equality and intergenerational equity. Featuring coverage on a broad range of topics such as intergenerational equity, public policies, and sustainability management, this book is geared towards government officials, managers, academicians, practitioners, students, and researchers seeking current research on identifying public policies to ensure financial balance.
Book Synopsis Guide to Municipal Finance by : Naomi Enid Slack
Download or read book Guide to Municipal Finance written by Naomi Enid Slack and published by UN-HABITAT. This book was released on 2009 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Municipal Territorial Reforms of the 21st Century in Europe by : Paweł Swianiewicz
Download or read book Municipal Territorial Reforms of the 21st Century in Europe written by Paweł Swianiewicz and published by Routledge. This book was released on 2022-01-31 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive and up-to-date picture of territorial change on the municipal level across all European countries. Taking a thematic and comparative perspective, the book builds on extensive quantitative data and a large survey of academic experts in 33 European countries. Territorial organisation of the municipal level in Europe is strongly diversified and yet far from stable. Politically speaking, territorial reforms tend to be risky and difficult, as such changes affect vital interests and identities. Despite such difficulties, the last two decades have witnessed considerable changes in territorial divisions at the municipal level across a range of European countries. In this book, the authors describe and analyse these changes comprehensively, making a vital contribution to understanding the reasons and dynamics of territorial reform processes. This book will be of key interest to scholars, students and practitioners in local or sub-national government, institutional design and more broadly to political science, public administration/policy, human geography, sociology and economics.
Book Synopsis Governmental Financial Resilience by : Ileana Steccolini
Download or read book Governmental Financial Resilience written by Ileana Steccolini and published by Emerald Group Publishing. This book was released on 2017-06-07 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a unique insight into the ways local governments have maintained financial resilience in light of the significant challenges posed by the era of austerity. Taking an international perspective, it provides a practical analysis of the different capacities and responses that local governments deploy to cope with financial shocks.
Book Synopsis A History of Corporate Governance around the World by : Randall K. Morck
Download or read book A History of Corporate Governance around the World written by Randall K. Morck and published by University of Chicago Press. This book was released on 2007-11-01 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.
Book Synopsis Poverty in Italy by : Saraceno, Chiara
Download or read book Poverty in Italy written by Saraceno, Chiara and published by Policy Press. This book was released on 2020-09-02 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Three experienced Italian sociologists explore the structural and cultural dimensions of poverty in their country. Comparing Italy’s regime with other European countries, they consider the interplay of conditions in the labour market, the family and welfare arrangements as causes of poverty. This in-depth analysis explores how forced familialism, unbalanced gender arrangements, territorial cleavages and sluggish growth have rendered Italy vulnerable to financial crisis. As old risks of poverty have worsened, new risks have emerged and children, the working poor and migrants have become the ‘new poor’. Combining theoretical and empirical tools, this is a topical fresh take on the understanding of poverty in Italy that is even more crucial considering the impact of the COVID-19 pandemic.
Book Synopsis Tax Competition and Tax Coordination when Countries Differ in Size by : S. M. Ravi Kanbur
Download or read book Tax Competition and Tax Coordination when Countries Differ in Size written by S. M. Ravi Kanbur and published by World Bank Publications. This book was released on 1991 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
