This chapter sets the scene for the book, by highlighting the relevance of examining financial crises and austerity and the ways in which governments, and more specifically, local governments, are facing the related shocks. In doing so, it proposes a preliminary framework for exploring governmental financial resilience at the local level. In such a framework, financial resilience is seen as the dynamic combination of internal and external dimensions, including the external environment, financial shocks, vulnerability, anticipatory capacity and coping capacity.
Saliterer, I., Jones, M. and Steccolini, I. (2017), "Introduction: Governments and Crises", Governmental Financial Resilience (Public Policy and Governance, Vol. 27), Emerald Publishing Limited, Bingley, pp. 1-16. https://doi.org/10.1108/S2053-769720170000027001
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