The authors of a study analyzing state budgets find that the lack of fiscal governance, defined as enacting a budget on time, causes variation in general obligation bond yield spreads for state issuers. More »
A new study finds that government-sponsored youth employment programs may reduce involvement in criminal activities and mortality rates for youth from low-income families. More »
Brian Collins, Director of Finance for the City of Memphis, talks about his city’s determination in the face of financial and socio-economic adversity. More »
Federal Reserve announcements about “tapering,” or reducing the level of quantitative easing, had significant negative impacts on financial asset prices in otherwise robust emerging market economies. More »
Detroit’s leading restructuring professional explains challenges in the largest municipal bankruptcy in US history. More »