Municipal Finance Journal

Volume 29, Number 4 (Winter
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