Local Public Finance

René Geissler is Professor of Public Management at the Technical University of Applied Sciences in Wildau, Germany. Until fall 2020 he was working for Bertelsmann Stiftung as a Senior Expert in Public Finance designing and implementing various research projects. His research focuses particularly on monitoring fiscal trends by public statistics, financial management and the regulation of local public finance. He is author of manifold publications and regularly serves as an expert in media.Gerhard Hammerschmid is Professor of public and financial management at the Hertie School, Berlin (Germany) and the director of the "Center for Digital Governance" at the Hertie School. His research focuses on public management, public administration reform, comparative public administration, performance management, public sector innovation, public sector leadership, public service motivation, organization theory and new institutionalism. He serves as an editorial board member and reviewer for various renowned international journals.Christian Raffer is a Research Associate at  the German Institute of Urban Affairs. His research focuses on public economics and public management, as well as fiscal policy, firm growth, and empirical methods. Christian Raffer also works as a lecturer for economics at the Berlin School of Economics and Law.

• Introduction: The Relevance and Conceptualisation of Local Public Finance Regulatory Regimes.- PART I. Concepts of Regulation.- Budget Institutions for Subnational Fiscal Discipline: Local Fiscal Rules in Post-Crisis EU Countries.- Fiscal Rules at the Local Level: The Challenge of Enforcement.- Financial Supervision of Local Governments: An Organisational Hurdle.- European Patterns of Local Government Fiscal Regulation.- Local Public Finance Regulation in Southeast Europe: A Comparison of Slovenia, Croatia, and Serbia.- The Impact of Fiscal Rules on the Financial Management of Municipalities: A Comparative Analysis of Czech Republic and Slovakia.- Monitoring Local Government Financial Sustainability: A Dutch–English Comparison.- The Implementation of Fiscal Regulation: Insights from Germany.- Fiscal Supervision and Party Politics – Lessons from Austria and Germany.- PART II. Bailouts and Insolvency.- Preventing Local Government Defaults: No-Bailout Policy and its Alternatives.- Municipalities and Excessive Debt – Local Insolvency Regimes as an Alternative to Bailouts?.- Four Decades of Municipal Bailouts in Germany.- PART III. Local Public Finance in Times of Crisis.- Global Crisis, Local Impact: A Comparative Approach to the Financial Crisis’ Impacts on European Local Levels.- Fiscal consolidation in German and Greek Local Governments: Reform Attempts, Supervision, and Local Measures.- Financial Decisions, Intergovernmental Grants and Regulatory Instability: The Case of Italian Municipalities.- Insights from City Financial Realities: Comparing and Learning across Borders.- Taking Stock: The Role of Institutional Context for Local Government Financial Resilience.- Local Government Tax Structure.