Publication:
Coping with Urban Fiscal Stress around the World

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dc.contributor.authorDethier, Jean-Jacques
dc.date.accessioned2014-02-05T15:07:46Z
dc.date.available2014-02-05T15:07:46Z
dc.date.issued2013-11
dc.description.abstractThe economic recession, the end of stimulus funding and central government cutbacks, rising social costs and aging, and the need for infrastructure upgrading for urbanization are putting enormous fiscal stress on cities. The financing capacity of municipalities is greatly affected because of the decline in the tax base, expenditure pressures, and growing and more expensive debt. Today's urban fiscal crisis is similar to that experienced in the 1970s, but the growing urbanization in the world and massive increase in municipal access to financial markets create a new context. This paper surveys three important topics related to the urban fiscal crisis in developed and developing countries: How do cities finance themselves? When they have access to financial markets, should city managers use loans, own revenues or private-public partnerships to pay for municipal expenditures? And what are the remedies to municipal fiscal crises in case of insolvency?en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/11/18490834/coping-urban-fiscal-stress-around-world
dc.identifier.doi10.1596/1813-9450-6693
dc.identifier.urihttps://hdl.handle.net/10986/16921
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6693
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING SYSTEMS
dc.subjectAD HOC GRANTS
dc.subjectALM
dc.subjectAUCTIONS
dc.subjectAUTONOMY
dc.subjectBAILOUT
dc.subjectBALANCE SHEET
dc.subjectBANK
dc.subjectBANK FINANCING
dc.subjectBANKRUPTCIES
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY PROCEDURES
dc.subjectBANKS
dc.subjectBOARDS OF DIRECTORS
dc.subjectBOND
dc.subjectBOND INSTRUMENT
dc.subjectBOND INSTRUMENTS
dc.subjectBOND ISSUANCE
dc.subjectBOND RATINGS
dc.subjectBONDS
dc.subjectBORROWING
dc.subjectBORROWING COSTS
dc.subjectBUDGET CONSTRAINTS
dc.subjectCADASTRES
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL BUDGETING
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTLAYS
dc.subjectCENTRAL GOVERNMENTS
dc.subjectCITY EXPENDITURES
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL FOR LOANS
dc.subjectCOLLECTIONS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANK LOAN
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTRACTS
dc.subjectCOST OF CAPITAL
dc.subjectCREDIT
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RATING
dc.subjectCREDIT RATINGS
dc.subjectCREDITORS
dc.subjectCREDITWORTHINESS
dc.subjectDEBT
dc.subjectDEBT DEFAULT
dc.subjectDEBT FINANCING
dc.subjectDEBT INSTRUMENT
dc.subjectDEBT REPAYMENT
dc.subjectDEBT RESTRUCTURING
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE PAYMENTS
dc.subjectDEBT STOCK
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDECENTRALIZATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT AUTHORITIES
dc.subjectDEVOLUTION
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC DEBT MARKETS
dc.subjectDOMESTIC MARKETS
dc.subjectELECTRICITY SERVICES
dc.subjectEQUALIZATION
dc.subjectEXCHANGE
dc.subjectEXPENDITURE
dc.subjectEXTERNALITIES
dc.subjectFINANCE
dc.subjectFINANCES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MANAGEMENT CAPACITY
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL CENTRALIZATION
dc.subjectFISCAL CONSTRAINTS
dc.subjectFISCAL DECENTRALIZATION
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL FEDERALISM
dc.subjectFISCAL LEGISLATION
dc.subjectFISCAL POLICY
dc.subjectFIXED INTEREST
dc.subjectFIXED INTEREST RATE
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectFUTURE
dc.subjectGOOD
dc.subjectGOODS
dc.subjectGOVERNANCE
dc.subjectGOVERNMENT BUDGETS
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT SUBSIDIES
dc.subjectGOVERNMENTS
dc.subjectGRANT FUNDING
dc.subjectGRANTS
dc.subjectGUARANTEE
dc.subjectGUARANTEES
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectINCOME GROWTH
dc.subjectINFRASTRUCTURE
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectINSTRUMENTS
dc.subjectINTEREST
dc.subjectINTEREST RATES
dc.subjectINTERGOVERNMENTAL FISCAL RELATIONS
dc.subjectINTERGOVERNMENTAL RELATIONS
dc.subjectINTERGOVERNMENTAL TRANSFER
dc.subjectINTERGOVERNMENTAL TRANSFERS
dc.subjectINTERNAL RATE OF RETURN
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL RATING AGENCY
dc.subjectINVESTING
dc.subjectINVESTMENT CORPORATION
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTOR
dc.subjectINVESTORS
dc.subjectISSUANCE
dc.subjectISSUANCE OF BONDS
dc.subjectLAND
dc.subjectLAND PRICES
dc.subjectLAND VALUE
dc.subjectLARGE CITIES
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL FRAMEWORKS
dc.subjectLEGISLATION
dc.subjectLENDING
dc.subjectLEVEL OF RISK
dc.subjectLIQUIDITY
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOANS
dc.subjectLOCAL DEBT
dc.subjectLOCAL DEBT MARKET
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENT STRUCTURES
dc.subjectLOCAL GOVERNMENTS
dc.subjectLONG-TERM DEBT
dc.subjectMANDATES
dc.subjectMARKET
dc.subjectMARKET ACCESS
dc.subjectMARKET INFRASTRUCTURE
dc.subjectMARKET STRUCTURE
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMETROPOLITAN AREAS
dc.subjectMETROPOLITAN CITIES
dc.subjectMICROFINANCE
dc.subjectMORAL HAZARD
dc.subjectMUNICIPAL BONDS
dc.subjectMUNICIPAL CREDIT
dc.subjectMUNICIPAL DEVELOPMENT
dc.subjectMUNICIPAL FINANCE
dc.subjectMUNICIPAL GOVERNMENTS
dc.subjectMUNICIPAL INVESTMENTS
dc.subjectMUNICIPALITIES
dc.subjectOPERATING EXPENSES
dc.subjectOPPORTUNITY COST
dc.subjectOPPORTUNITY COSTS
dc.subjectOPTIONS
dc.subjectPAYMENT OBLIGATIONS
dc.subjectPENSIONS
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE FINANCE
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVITY
dc.subjectPROFITS
dc.subjectPROJECTS
dc.subjectPROPERTY
dc.subjectPROPERTY TAXES
dc.subjectPROVINCIAL DEBT
dc.subjectPUBLIC ASSETS
dc.subjectPUBLIC BUDGET
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC ENTERPRISES
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC TRANSPORT
dc.subjectPUBLIC TRANSPORTATION
dc.subjectRATING AGENCIES
dc.subjectREAL PROPERTY
dc.subjectREGULATORY FRAMEWORK
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectREVENUE
dc.subjectREVENUE MOBILIZATION
dc.subjectREVENUES
dc.subjectRISK
dc.subjectSAVING
dc.subjectSAVINGS
dc.subjectSERVICES
dc.subjectSHARE
dc.subjectSOLVENCY
dc.subjectSOVEREIGN DEBT
dc.subjectSOVEREIGN RISKS
dc.subjectSTRATEGIES
dc.subjectSUBNATIONAL FINANCE
dc.subjectSUBNATIONAL GOVERNMENTS
dc.subjectSUBSIDIES
dc.subjectTARIFF
dc.subjectTARIFFS
dc.subjectTAX
dc.subjectTAX COLLECTIONS
dc.subjectTAXATION
dc.subjectTAXES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELECOMMUNICATIONS
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSACTIONS
dc.subjectTRANSFERS
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTREASURY
dc.subjectURBAN DEVELOPMENT
dc.subjectURBAN GOVERNMENTS
dc.subjectURBAN PUBLIC FINANCE
dc.subjectURBANIZATION
dc.subjectUSER CHARGES
dc.subjectVALUE
dc.subjectWAGES
dc.subjectWATER SUPPLY
dc.subjectinsolvency
dc.titleCoping with Urban Fiscal Stress around the Worlden
dspace.entity.typePublication
okr.crossref.titleCoping with Urban Fiscal Stress around the World
okr.date.disclosure2013-11-01
okr.date.doiregistration2025-04-10T11:42:57.498718Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2013/11/18490834/coping-urban-fiscal-stress-around-world
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid249321468183547608
okr.identifier.doi10.1596/1813-9450-6693
okr.identifier.externaldocumentum000158349_20131108090638
okr.identifier.internaldocumentum18490834
okr.identifier.reportWPS6693
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/11/08/000158349_20131108090638/Rendered/PDF/WPS6693.pdfen
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicUrban Development::Municipal Financial Management
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Economics
okr.topicPublic Sector Development
okr.unitResearch Support Unit, Development Economics Vice Presidency
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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