Kirkpatrick, L. Owen (2017) Donald Trump is poised to do great harm to US cities (but not for the reasons you might think). USApp - American Politics and Policy Blog (06 Mar 2017). Website.
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Abstract
American cities collectively hold about $3.7 trillion in bonds, which have historically been used to fund capital expenditures. In recent years, however, bond issuers have been strategically leveraging municipalities’ debts via derivatives, which have introduced systemic risk into the municipal finance system. L. Owen Kirkpatrick writes that the Trump administration’s stated desire to dismantle the Dodd-Frank Act may speed up the current cycle of financial instability, and lead to more financial pain and misery for US cities.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/usappblog/ |
| Additional Information: | © 2017 The Author(s) CC BY-NC 3.0 |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HG Finance J Political Science > JC Political theory J Political Science > JK Political institutions (United States) |
| Date Deposited: | 09 May 2017 08:44 |
| Last Modified: | 11 Dec 2024 15:40 |
| URI: | http://eprints.lse.ac.uk/id/eprint/76059 |
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