Municipal Finance Journal

Volume 29, Number 4
Winter 2009
Editor: W. Bartley Hildreth

Guest Editor’s Note
Symposium on the Fiscal Impact of the Financial Crisis on State and Local Governments
Dwight V. Denison

v-vi

The Impact of the Credit Crisis and Weaker Economy on U.S. States and Municipal Entities
Nick Samuels

1-11

When Market Risk Becomes a Credit Factor:
Short Term Markets and Government's Response
Natalie R. Cohen

13-22

Municipal Market Struggles to Maintain Broad Retail Participation Without Bond Insurance
Paul Kwaitkoski

23-35

What Happens When Municipal Bond Insurance Companies Lose Credit?
Dwight V. Denison

37-47

State and Local Government Finance in the Current Crisis:
Time for Emergency Federal Relief?
David E. Wildasin

49-64

The Other "S&L" Crisis:
A Policy Window for Reform?
Beth Walter Honadle

65-76

The Current Impact of the Tightening Credit Market on Municipal Borrowing Costs A Case Study
Jane Beckett-Camarata

77-86

Subprimes, Shortfalls, and Spillovers:
The Impact of the Financial Crisis on Mortgage-Related Revenues in NYS Counties
Helisse Levine

87-99

"I Never Knew It Could Be Like This":
Lessons from the 1980s for California's Budget Crisis
Daniel J.B. Mitchell

101-124

Holding a Hot Potato?
The Credit Crisis and Its Impact on State Cash and Short-Term Investment Portfolios
Beth-Anne S. Leech

125-137