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Great Recession and Fiscal Squeeze at U.S. Subnational Government Level
Author/Editor: Jiri Jonas.
Release Date: July, 2012Price: $18.00
The paper discusses the fiscal impact of the Great Recession of 2007-08 on state and local governments in the United States. It documents the sharp decline in tax revenue and discusses how states more...
Asymmetric Effects of the Financial Crisis: Collateral-Based Investment-Cash Flow Sensitivity Analysis
Author/Editor: Vadim Khramov.
Release Date: April, 2012Price: $18.00
This paper uses the financial crisis of 2008 as a natural experiment to demonstrate that when measuring investment-cash flow sensitivity, the value of a firm's assets that can be used as collateral more...
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