The aim of our contribution is to provide a general analysis of the Italian special legislation on local governments’ financial upset, addressing two main questions. We firstly intend to investigate the nature of financial distress by considering if it represents a «pathological» status or rather a «bad habit», in the specific case of Italian Local Governments (ILGs)1. Then, we focus on the «attitude» of the central government towards distressed and/or insolvent ILGs and analyze to what extent the remedies adopted in our country reflect those proposed by the international literature on financial distress.
Financial distress and italian local governments
IANNI, LUCA;SARGIACOMO, Massimo
2011-01-01
Abstract
The aim of our contribution is to provide a general analysis of the Italian special legislation on local governments’ financial upset, addressing two main questions. We firstly intend to investigate the nature of financial distress by considering if it represents a «pathological» status or rather a «bad habit», in the specific case of Italian Local Governments (ILGs)1. Then, we focus on the «attitude» of the central government towards distressed and/or insolvent ILGs and analyze to what extent the remedies adopted in our country reflect those proposed by the international literature on financial distress.File in questo prodotto:
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