Nicht aus der Schweiz? Besuchen Sie lehmanns.de
State and Local Financial Instruments - Craig L. Johnson, Martin J. Luby, Tima T. Moldogaziev

State and Local Financial Instruments

Policy Changes and Management
Buch | Hardcover
288 Seiten
2014
Edward Elgar Publishing Ltd (Verlag)
978-1-78347-616-9 (ISBN)
CHF 174,55 inkl. MwSt
zur Neuauflage
  • Titel erscheint in neuer Auflage
  • Artikel merken
Zu diesem Artikel existiert eine Nachauflage
This book covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nation’s essential physical infrastructure.
The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This book covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nation s essential physical infrastructure.

Using the latest financial research and theory, Johnson, Luby and Moldogaziev use data-driven analysis to inform current public policy debates regarding the future of subnational government debt finance, including the regulation of professional financial service providers. The theories, research and practical examples in the book illustrate the policies and practices that helped governments navigate through the recent financial crisis and great recession, and those policies and practices that contributed to government shipwrecks. The book is designed to help officials make good, sound fiscal choices in a fast changing, complex financial world, and within the constraints imposed by fiscal rules and institutions.

State and Local Financial Instruments will be of interest to academics, students and researchers interested in economics, finance, international studies and public policy. It is also an excellent reference tool for government officials, public policymakers and professionals working in finance.

Contents:
1. Introduction
2. The Tax-Exemption of Municipal Debt
3. States as Fiscal 'Sovereigns' - Implications for Ability and Willingness to Pay in Full and on Time
4. The Federalist Framework: Fiscal Sovereignty, Federal Regulation and Disclosure
5. Subnational Government Debt Financial Management I - Financing Principles and Policies v6. Subnational Government Debt Financial Management II - Bringing an Issue to Market: Networks and Practices
7. The Serial Debt Issue Structure
8. Secondary Market Disclosure
9. Financial Engineering
10. Reducing Debt Service by Refunding Debt
11. Lessons Learned From the Birth, Growth and Collapse of the Municipal Auction Rate Securities (MARS) Market
12. Enhancing Municipal Credit
13. 'Non-Traditional' Capital Financing Mechanisms
14. Conclusion
Index

Craig L. Johnson, Associate Professor of Public Finance and Policy Analysis, Paul H. O'Neill School of Public and Environmental Affairs, Indiana University, Bloomington, Martin J. Luby, Ph.D., Lyndon B. Johnson School of Public Affairs, University of Texas at Austin and Tima T. Moldogaziev, O’Neill School of Public and Environmental Affairs, Indiana University, US

Contents: 1. Introduction 2. The Tax-Exemption of Municipal Debt 3. States as Fiscal "Sovereigns" - Implications for Ability and Willingness to Pay in Full and on Time 4. The Federalist Framework: Fiscal Sovereignty, Federal Regulation and Disclosure 5. Subnational Government Debt Financial Management I - Financing Principles and Policies 6. Subnational Government Debt Financial Management II - Bringing an Issue to Market: Networks and Practices 7. The Serial Debt Issue Structure 8. Secondary Market Disclosure 9. Financial Engineering 10. Reducing Debt Service by Refunding Debt 11. Lessons Learned From the Birth, Growth and Collapse of the Municipal Auction Rate Securities (MARS) Market 12. Enhancing Municipal Credit 13. "Non-Traditional" Capital Financing Mechanisms 14. Conclusion Index

Erscheint lt. Verlag 26.9.2014
Reihe/Serie Studies in Fiscal Federalism and State-local Finance series
Verlagsort Cheltenham
Sprache englisch
Maße 156 x 234 mm
Themenwelt Sozialwissenschaften Politik / Verwaltung Staat / Verwaltung
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
ISBN-10 1-78347-616-8 / 1783476168
ISBN-13 978-1-78347-616-9 / 9781783476169
Zustand Neuware
Haben Sie eine Frage zum Produkt?
Mehr entdecken
aus dem Bereich
Organisationen steuern, Strukturen schaffen, Prozesse gestalten

von Andreas Gourmelon; Michael Mroß; Sabine Seidel

Buch | Softcover (2024)
Rehm Verlag
CHF 53,20
klare Antworten aus erster Hand

von Anna-Lisa Müller

Buch | Softcover (2024)
UTB (Verlag)
CHF 27,85