Municipal Fiscal Stress, Bankruptcies, and Other Financial Emergencies

Serves as a practical guide to city administrators on how to keep municipalities fiscally healthy and, if fiscal hardships occur, how to cope with them. Provides theoretical frameworks around fiscal emergency situation and bankruptcy in local government, as well as offers an assessment of the indicators and ratios of fiscal stress at local level. Explores recommendations that can be used to address situations of fiscal stress. Serves as a desk reference for practitioners, especially now that the topic of fiscal emergency situation and bankruptcy is again taking center stage during Covid-19 crisis.