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Great Recession and Fiscal Squeeze at U.S. Subnational Government Level

Author/Editor: Jiri Jonas.

Release Date: July, 2012

Price: $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, 2012

Price: $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...



Mexico : Financial Sector Assessment Program Update: Technical Note: The Pension Annuity Market

Release Date: May, 2007

Price: $18.00

This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries more...