Selling City Futures: The Financialization of Urban Redevelopment Policy

@inproceedings{Weber2010SellingCF,
  title={Selling City Futures: The Financialization of Urban Redevelopment Policy},
  author={Rachel Weber},
  year={2010}
}
This article examines the specific mechanisms that have allowed global financial markets to penetrate deeply into the activities of U.S. cities. A flood of yield-seeking capital poured into municipal debt instruments in the late 1990s, but not all cities or instruments were equally successful in attracting it. Capital gravitated toward those local governments that could readily convert the income streams of public assets into new financial instruments and that could minimize the risk of… CONTINUE READING

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