What is it about?
Municipalities cope with financial shocks differently by using combinations of anticipatory and coping capacities. Accounting becomes a medium that can support both anticipation of and coping with financial shocks, supporting cuts in some cases and resistance in the short run or driving long-term changes intended to maintain public services as much intact as possible.
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Why is it important?
By understanding the different patterns of financial resilience at the municipal level decision-makers can identify ways of best preserving the public interest.
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This page is a summary of: How do governments cope with austerity? The roles of accounting in shaping governmental financial resilience, Accounting Auditing & Accountability Journal, March 2020, Emerald,
DOI: 10.1108/aaaj-11-2018-3739.
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