Trillo, Fausto Hernandez; Cayeros, Alberto Diaz; … - In: Eastern Economic Journal 28 (2002) 3, pp. 365-380
This paper identifies and analyzes the determinants and consequences of bailing out states, in particular, those observed in Mexico. This case is important because lessons can be obtained for other LDCs. Bailouts of lower-level governments have not been the object of much research in economics....