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Books > Business & Economics > Finance & accounting > Finance > Public finance > General

Chaos and Compromise - The Evolution of the Mississippi Budgeting Process (Hardcover): Brian A. Pugh Chaos and Compromise - The Evolution of the Mississippi Budgeting Process (Hardcover)
Brian A. Pugh; Foreword by Ronny Frith
R2,660 Discovery Miles 26 600 Pre-order

Chaos and Compromise: The Evolution of the Mississippi Budgeting Process takes the topic of budgeting and makes it exciting, and not just for political junkies. Instead of focusing on numbers, this book looks at the policymakers responsible for the budget. Brian A. Pugh provides a historical perspective on the decisions and actions of legislators and governors going back more than a century. Pugh reviews how Mississippi's budget making evolved and sifts legislation and litigation as well as those legislators and governors responsible for developing this process. Pugh explains in detail the significant actions taken by the legislative, judicial, and executive branches of government that affected Mississippi's procedures. Significant legislation covered includes the passage of Senate Bill 356, which gave the governor the authority to prepare and submit a budget recommendation in 1918; the passage of the Administrative Reorganization Act of 1984; the passage of the Budget Reform Act of 1992; and the passage of the Financial and Operational Responses That Invigorate Future Years Act (FORTIFY) during the First Extraordinary Session of 2017. The first two chapters provide a historical perspective and give the reader an understanding of how legislation and litigation contributed. The book also covers interventions by the courts, which led to the unprecedented separation of powers case Alexander v. State of Mississippi by and Through Allain (1983). In addition to discussing important laws and legislators, Pugh takes a detailed look at six of Mississippi's recent governors - Bill Allain, Ray Mabus, Kirk Fordice, Ronnie Musgrove, Haley Barbour, and Phil Bryant - to examine their methods for getting the legislature to include their ideas in the often anguished process of making a budget.

Chaos and Compromise - The Evolution of the Mississippi Budgeting Process (Paperback): Brian A. Pugh Chaos and Compromise - The Evolution of the Mississippi Budgeting Process (Paperback)
Brian A. Pugh; Foreword by Ronny Frith
R720 Discovery Miles 7 200 Pre-order

Chaos and Compromise: The Evolution of the Mississippi Budgeting Process takes the topic of budgeting and makes it exciting, and not just for political junkies. Instead of focusing on numbers, this book looks at the policymakers responsible for the budget. Brian A. Pugh provides a historical perspective on the decisions and actions of legislators and governors going back more than a century. Pugh reviews how Mississippi's budget making evolved and sifts legislation and litigation as well as those legislators and governors responsible for developing this process. Pugh explains in detail the significant actions taken by the legislative, judicial, and executive branches of government that affected Mississippi's procedures. Significant legislation covered includes the passage of Senate Bill 356, which gave the governor the authority to prepare and submit a budget recommendation in 1918; the passage of the Administrative Reorganization Act of 1984; the passage of the Budget Reform Act of 1992; and the passage of the Financial and Operational Responses That Invigorate Future Years Act (FORTIFY) during the First Extraordinary Session of 2017. The first two chapters provide a historical perspective and give the reader an understanding of how legislation and litigation contributed. The book also covers interventions by the courts, which led to the unprecedented separation of powers case Alexander v. State of Mississippi by and Through Allain (1983). In addition to discussing important laws and legislators, Pugh takes a detailed look at six of Mississippi's recent governors - Bill Allain, Ray Mabus, Kirk Fordice, Ronnie Musgrove, Haley Barbour, and Phil Bryant - to examine their methods for getting the legislature to include their ideas in the often anguished process of making a budget.

From Foot Soldier to Finance Minister - Takahashi Korekiyo, Japan?s Keynes (Hardcover, New): Richard J. Smethurst From Foot Soldier to Finance Minister - Takahashi Korekiyo, Japan?s Keynes (Hardcover, New)
Richard J. Smethurst
R1,028 R953 Discovery Miles 9 530 Save R75 (7%) Ships in 10 - 15 working days

From his birth in the lowest stratum of the samurai class to his assassination at the hands of right-wing militarists, Takahashi Korekiyo (1854-1936) lived through tumultuous times that shaped the course of modern Japanese history. Takahashi is considered "Japan's Keynes" in many circles because of the forward-thinking (and controversial) fiscal and monetary policies--including deficit financing, currency devaluation, and lower interest rates--that he implemented to help Japan rebound from the Great Depression and move toward a modern economy.

Richard J. Smethurst's engaging biography underscores the profound influence of the seven-time finance minister on the political and economic development of Japan by casting new light on Takahashi's unusual background, unique talents, and singular experiences as a charismatic and cosmopolitan financial statesman.

Along with the many fascinating personal episodes--such as working as a houseboy in California and running a silver mine in the Andes--that molded Takahashi and his thinking, the book also highlights four major aspects of Takahashi's life: his unorthodox self-education, his two decades of service at the highest levels of government, his pathbreaking economic and political policies before and during the Depression, and his efforts to stem the rising tide of militarism in the 1930s. Deftly weaving together archival sources, personal correspondence, and historical analysis, Smethurst's study paints an intimate portrait of a key figure in the history of modern Japan.

Guidelines for Public Debt Management (Paperback): International Monetary Fund, World Bank Guidelines for Public Debt Management (Paperback)
International Monetary Fund, World Bank
R753 Discovery Miles 7 530 Ships in 10 - 15 working days

These guidelines assist policymakers at all levels in considering reforms to strengthen the quality of their public debt management and reduce their countries' vulnerability to international financial shocks. Vulnerability is often greater for smaller and emerging market countries because their economies may be less diversified, have a smaller base of domestic financial savings and less-developed financial systems, and be more susceptible to financial contagion through the relative magnitudes of capital flows. As a result, these guidelines should be considered within a broader context of the factors and forces affecting a government's liquidity more generally and the management of its balance sheet.

Lectures on Inequality, Poverty and Welfare (Paperback, 1st ed. 2017): Antonio Villar Lectures on Inequality, Poverty and Welfare (Paperback, 1st ed. 2017)
Antonio Villar
R1,936 R1,592 Discovery Miles 15 920 Save R344 (18%) Ships in 10 - 15 working days

These lectures aim to help readers understand the logics and nature of the main indicators of inequality and poverty, with special attention to their social welfare underpinnings. The key approach consists in linking inequality and poverty measurement with welfare evaluation. As concern for inequality and poverty stems from ethical considerations, the measurement of those aspects necessarily involves some value judgments. Those value judgments can be linked, directly or indirectly, to welfare assessments on the distribution of personal and social opportunities. Inequality and poverty are thus considered to be partial aspects of the welfare evaluation of the opportunities in a given society. The volume includes two applications that illustrate how the models can be implemented. They refer to inequality of opportunity and poverty in education, using PISA data.

The Euro and the Crisis - Perspectives for the Eurozone as a Monetary and Budgetary Union (Hardcover, 1st ed. 2017): Nazare Da... The Euro and the Crisis - Perspectives for the Eurozone as a Monetary and Budgetary Union (Hardcover, 1st ed. 2017)
Nazare Da Costa Cabral, Jose Renato Goncalves, Nuno Cunha Rodrigues
R4,219 R3,520 Discovery Miles 35 200 Save R699 (17%) Ships in 10 - 15 working days

This book analyzes the effects of the recent crisis and evaluates potential solutions to the gridlock that is currently dominating the Eurozone and the European Union, concerning both the monetary policy and the budgetary and fiscal policy. The timely study highlights the main challenges that European political leaders will face in the months to come. Furthermore, its interdisciplinary approach embraces economic, financial and legal perspectives, so as to ensure the global coherence and comprehensiveness of its content. The contributors to this volume are prominent experts from the areas of Economics, Finance, Law, and Political Science, offering readers a multifaceted view of the topics discussed.

Exchange Rate, Second Round Effects and Inflation Processes - Evidence From South Africa (Hardcover, 1st ed. 2019): Eliphas... Exchange Rate, Second Round Effects and Inflation Processes - Evidence From South Africa (Hardcover, 1st ed. 2019)
Eliphas Ndou, Nombulelo Gumata, Mthokozisi Mncedisi Tshuma
R2,299 R1,844 Discovery Miles 18 440 Save R455 (20%) Ships in 10 - 15 working days

This book focuses on the exchange rate pass-through (ERPT), second round effects and the inflation process in South Africa. The authors demonstrate that magnitudes of the second round effects of the exchange rate depreciation and oil price shocks depend on inflation regimes. The impact of positive oil price shocks on inflation is weakened by monetary policy credibility. Evidence shows the influence of oil price on unit labour costs and correlation between exchange rate changes and inflation has weakened. In addition, ERPT is reduced by low business and consumer confidence, high trade openness, low inflation and high exchange rate volatility which weaken real economic activity. Both monetary and fiscal policy credibility lowers the sizes of ERPT to inflation and inflation expectations. Fiscal policy via fuel levies, administered prices and public transport inflation channel impacts the responses of monetary policy to inflation shocks. The authors show that second round effects contribute very little to wage inflation following an exchange rate depreciation shock. Both lending rate and household consumption responds asymmetrical to repo rate changes. This book will appeal to policymakers, students, academics and analysts.

Pesos or Plastic? - Financial Inclusion, Taxation, and Development in South America (Hardcover, 1st ed. 2019): Ken Mitchell,... Pesos or Plastic? - Financial Inclusion, Taxation, and Development in South America (Hardcover, 1st ed. 2019)
Ken Mitchell, Robert H. Scott, III
R1,347 R1,099 Discovery Miles 10 990 Save R248 (18%) Ships in 10 - 15 working days

The book covers financial inclusion in the southern cone (Argentina, Brazil, and Chile) and its impact on public finance. Possible negative consequences of greater financial inclusion are identified, but the book argues potential benefits outweigh costs. Financial inclusion has many definitions, but in this book, we interpret it as bank account ownership and the use of banking services. Financial inclusion in this context proffers advantages in the area of tax collection, perhaps the southern cone's gravest economic obstacle given its future debt servicing commitments and its socioeconomic development challenges. Households with a bank account - or, the bank participation rate - began increasing significantly around 2002, and this increase has coincided with an unexpected rise in tax collection (especially value-added taxes (VAT)) spanning periods of macroeconomic growth (2003-2009) and stagnation (2010-2015). Correlation does not imply causation, yet using empirical methods this book shows financial inclusion contributes to better tax collection by encouraging more formal market transactions via the use of bank-provided credit and debit cards. Consumption represents the largest component of most economies and consumption taxes contribute more to public revenue in the southern cone than other taxes, hence more formal consumption enhances overall tax collection.

The New Campaign Finance Sourcebook (Paperback): Trevor Potter The New Campaign Finance Sourcebook (Paperback)
Trevor Potter
R705 R667 Discovery Miles 6 670 Save R38 (5%) Ships in 10 - 15 working days

The New Campaign Finance Sourcebook has been integrated with the award-winning and frequently visited Brookings website to provide a timely, interactive tool for policymakers, journalists, and scholars. Four of the countrys leading experts on campaign finance reform have contributed original essays on important facets of finance law and administration. The essays are accompanied by a list of corresponding documents available on the website. The book offers a thorough overview and analysis of this highly controversial issue, including the history of campaign finance regulation and the current state of the law, current practices and trends in the flow of money, the constitutional debate, the use of political party money, issue advocacy, public financing of presidential elections, implementing and enforcing campaign finance laws, and campaigning on the internet. The authors conclude with a broad overview of alternative approaches to reform. The related website (www.brookings.edu/campaignfinance) features sidebars that correspond to the books chapters as well as associated documents. The site is frequently updated with recent developments in campaign finance regulation and analyses of current court cases and administrative decisions. There are also links to advisory opinions from the Federal Elections Commission, nonprofit organizations that study reform, and related publications-.

Public Private Partnerships in Nigeria (Hardcover, 1st ed. 2016): George Nwangwu Public Private Partnerships in Nigeria (Hardcover, 1st ed. 2016)
George Nwangwu
R2,974 R2,630 Discovery Miles 26 300 Save R344 (12%) Ships in 10 - 15 working days

This first major book on Public-Private Partnerships (PPP) in Nigeria explores the legal, policy and strategic issues involved in the structuring and execution of PPP projects in Nigeria. The book goes beyond the toolkit approach of other available resources to blend the theoretical analysis of concepts with practical step-by-step guides for consummating projects. The book adopts a multidisciplinary approach by integrating law, economics, finance and project management literature, relying on the author's extensive experience in the field to give clear insights on the PPP concept. The case study methodology employed in the book produces rich and compelling empirical results. This book is suitable for beginners wishing to develop an understanding of the concept, as well as practitioners advising on PPPs. Students and academics wishing to carry out further research on PPPs will also benefit from the book.

Affordable Housing Development - Financial Feasibility, Tax Increment Financing and Tax Credits (Hardcover, 1st ed. 2019):... Affordable Housing Development - Financial Feasibility, Tax Increment Financing and Tax Credits (Hardcover, 1st ed. 2019)
Jaime P. Luque, Nuriddin Ikromov, William B Noseworthy
R2,277 R1,873 Discovery Miles 18 730 Save R404 (18%) Ships in 10 - 15 working days

This book explains the nuts and bolts of affordable housing development. Divided into two complementary sections, the book first provides an overview of the effectiveness of existing federal and state housing programs in the United States, such as the LIHTC and TIF programs. In turn, the book's second section presents an extensive discussion of and insights into the financial feasibility of an affordable real estate development project. Researchers, policymakers and organizations in the public, private and nonprofit sectors will find this book a valuable resource in addressing the concrete needs of affordable housing development. "Luque, Ikromov, and Noseworthy's new book on Affordable Housing Development is a "must read" for all those seeking to address the growing and vexing problem of affordable housing supply. The authors provide important insights and practical demonstration of important financial tools often necessary to the financial feasibility of such projects, including tax-increment financing and the Low-Income Housing Tax Credit. Further, the authors provide important backdrop to the affordability crisis and homelessness. I highly recommend this book to all who seek both to articulate and enhance housing access." By Stuart Gabriel, Arden Realty Chair, Professor of Finance and Director, Richard S. Ziman Center for Real Estate at UCLA "Over several years Jaime Luque, Nuriddin Ikromov and William Noseworthy applied their analytical bent, and no small measure of empathy, to homelessness as actually experienced in Madison, Wisconsin - and they inspired multiple classes of urban economics students to join them. "Homelessness" is a complex web of issues affecting a spectrum of populations, from individuals struggling with addiction or emotional disorders, to families who've been dealt a bad hand in an often-unforgiving economy. Read this book to follow Jaime, Nuriddin, and William as they evaluate a panoply of housing and social programs, complementing the usual top-down design perspective with practical analysis of the feasibility of actual developments and their effectiveness. Analytical but written for a broad audience, this book will be of interest to anyone running a low-income housing program, private and public developers, students, and any instructor designing a learning-by-doing course that blends rigor with real-world application to a local problem." By Stephen Malpezzi, Professor Emeritus, James A. Graaskamp Center for Real Estate, Wisconsin School of Business, University of Wisconsin-Madison, and Dean, Weimer School of the Homer Hoyt Institute.

Fiscal Systems and Economic Development - Case Studies of Selected Countries (Paperback): Sohrab Abizadeh, Mahmood Yousefi Fiscal Systems and Economic Development - Case Studies of Selected Countries (Paperback)
Sohrab Abizadeh, Mahmood Yousefi
R3,581 R2,617 Discovery Miles 26 170 Save R964 (27%) Ships in 10 - 15 working days
Financing Infrastructure - Who Should Pay? (Paperback): Richard M. Bird, Enid Slack Financing Infrastructure - Who Should Pay? (Paperback)
Richard M. Bird, Enid Slack
R670 R588 Discovery Miles 5 880 Save R82 (12%) Ships in 10 - 15 working days

Politicians and citizens universally agree that Canada's urban infrastructure urgently needs work. Roads and bridges are overdue for repair, aging water systems should be replaced, sewage must be adequately treated, urban transit needs to be updated and extended, and it is necessary that public housing as well as schools, health centres, and government offices are brought up to current standards. But few cities have room to raise additional revenue, and the federal and provincial governments to which they turn for financial support are already in deficit, so who is going to pay for all of this? Bringing together perspectives and case studies from across Canada, the US, and Europe, Financing Infrastructure argues that the answer to the question "Who should pay?" should always be "users." Headed by two of Canada's foremost experts on municipal finance, this book provides a closer look at why charging user fees makes sense, how much users should pay, how to charge fees well and where present processes can be improved, and how to convince the politicians and the public of the importance of pricing infrastructure correctly. Across the disciplines of public policy, urban studies, and economics, almost no one is looking at the extent to which users should play a role in infrastructure planning. Financing Infrastructure contends that the users, not federal and provincial taxpayers, should start paying directly for their cities' repairs and expansions. Contributors include Richard M. Bird (University of Toronto), Bernard Dafflon (University of Fribourg, Switzerland), Robert D. Ebel (Local Governance Innovation and Development), Harry Kitchen (Trent University), Jean-Philippe Meloche (Universite de Montreal), Matti Siemiatycki (University of Toronto), Enid Slack (University of Toronto), Almos T. Tassonyi (University of Calgary), Lindsay M. Tedds (University of Victoria), Francois Vaillancourt (Universite de Montreal), and Yameng Wang (World Bank).

Bewertung Von Kreditrisiko Bei Unvollstandiger Information - Zahlungsunfahigkeit, Optimale Kapitalstruktur Und Agencykosten... Bewertung Von Kreditrisiko Bei Unvollstandiger Information - Zahlungsunfahigkeit, Optimale Kapitalstruktur Und Agencykosten (German, Paperback, 2007 ed.)
Tim Thabe; Foreword by Prof Dr Dr H. C. Wolfgang Buhler
R1,750 R1,408 Discovery Miles 14 080 Save R342 (20%) Ships in 10 - 15 working days

Tim Thabe konzipiert ein Strukturmodell zur Bewertung des Kreditrisikos, in dem die Zahlungsunfahigkeit eines Unternehmens unabhangig von gleichzeitiger Uberschuldung abgebildet wird."

Intergenerational Income Mobility and Redistributive Policy (Paperback, 2016 ed.): Mareike Schad Intergenerational Income Mobility and Redistributive Policy (Paperback, 2016 ed.)
Mareike Schad
R2,033 R1,709 Discovery Miles 17 090 Save R324 (16%) Ships in 10 - 15 working days

Mareike Schad examines how redistributive policy measures influence intergenerational income mobility, taking into account various facets of the parent-child connection. In the first part, the author investigates the impact of education and education policy on income mobility both theoretically and empirically. The second part addresses individual beliefs regarding the determinants of personal economic success and their effect on income mobility within a society.

Applied Analysis of Growth, Trade, and Public Policy - Ten Years of International Academic Exchanges Between JAAE and  KEBA... Applied Analysis of Growth, Trade, and Public Policy - Ten Years of International Academic Exchanges Between JAAE and KEBA (Hardcover, 1st ed. 2018)
Moriki Hosoe, Iltae Kim, Masahiro Yabuta, Woo Hyung Lee
R2,948 R2,620 Discovery Miles 26 200 Save R328 (11%) Ships in 10 - 15 working days

This book analyzes the various problems of growth, trade and public policy from the perspective of applied economics, based on research in areas such as public policies, trade and regulation, and development economics. Part 1 investigates the broad problems of growth and regional economy, focusing on economic developments in Japan and Korea. Part 2 discusses trade and foreign investment in Japan, mainly on an empirical basis. Part 3 then examines various public economic policies using applied analysis tools. The papers in this volume have been collected to commemorate ten years of academic exchange between the Japan Association for Applied Economics (JAAE) and the Korean Economics and Business Association (KEBA), and include an applied economic analysis of growth and trade in Korea and Japan.

Economics as Applied Ethics - Fact and Value in Economic Policy (Paperback, 2nd ed. 2017): Wilfred Beckerman Economics as Applied Ethics - Fact and Value in Economic Policy (Paperback, 2nd ed. 2017)
Wilfred Beckerman
R1,713 Discovery Miles 17 130 Ships in 10 - 15 working days

This important textbook has been revised and updated to continue its focus on the link between ethics and economic policy analysis, whilst ensuring that perspectives addressing the moral limits of the market, latest behavioural economics literature, and the changes in inequality over the years are included. Basic philosophical concepts are systematically described, followed by conventional welfare economic theory and policy, and applications to some topical economic problems such as income distribution and sustainable development.

The Public Finance in Democratic Process - Fiscal Institutions and Individual Choice (Hardcover, Revised): James M. Buchanan The Public Finance in Democratic Process - Fiscal Institutions and Individual Choice (Hardcover, Revised)
James M. Buchanan
R579 R488 Discovery Miles 4 880 Save R91 (16%) Ships in 10 - 15 working days

"Public Finance in Democratic Process" is James M. Buchanan's monumental work that outlines the dynamics of individual choice as it is displayed in the process of public finance.
Buchanan is perhaps nowhere more clearly a disciple of the great Swedish economist Knut Wicksell than he is in the underlying principles of this seminal work. Specifically, he elaborates on these three central Wicksellian themes:
1.Analysis of market failure in the provision of public goods.
2.The insistence on conceiving policy decisions as the outcome of political processes.
3.The necessity of treating the tax and expense sides of the budget as interconnected.
Echoing Wicksell's antipathy to the "benevolent despot" model of government, Buchanan lays out in this book a starting point for modern public-choice analysis. Recognizing the pathbreaking work he is about to begin, Buchanan opens his preface by stating, "Fiscal theory is normally discussed in a frame of reference wholly different from that adopted in this book. This dramatic shift of emphasis . . . . requires that I consider the processes through which individual choices are transmitted, combined, and transformed into collective outcomes. Careful research in this area is in its infancy, and the necessary reliance on crude, unsophisticated models underscores the exploratory nature of the work."
According to Geoffrey Brennan in the foreword, ""Public Finance in Democratic Process" is a work more hospitable to public finance orthodoxy and could be treated as an extension (albeit an important one) of the conventional approach."
James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century.
The entire series includes:
Volume 1 "The Logical Foundations of Constitutional Liberty"
Volume 2 "Public Principles of Public Debt "
Volume 3 "The Calculus of Consent "
Volume 4 "Public Finance in Democratic Process"
Volume 5 "The Demand and Supply of Public Goods"
Volume 6 "Cost and Choice"
Volume 7 "The Limits of Liberty"
Volume 8 "Democracy in Deficit"
Volume 9 "The Power to Tax"
Volume 10 "The Reason of Rules"
Volume 11 "Politics by Principle, Not Interest"
Volume 12 "Economic Inquiry and Its Logic"
Volume 13 "Politics as Public Choice"
Volume 14 "Debt and Taxes"
Volume 15 "Externalities and Public Expenditure Theory"
Volume 16 "Choice, Contract, and Constitutions"
Volume 17 "Moral Science and Moral Order"
Volume 18 "Federalism, Liberty, and the Law"
Volume 19 "Ideas, Persons, and Events"
Volume 20 "Indexes"

When Sovereigns Go Bankrupt - A Study on Sovereign Risk (Paperback, 2014 ed.): Norbert Gaillard When Sovereigns Go Bankrupt - A Study on Sovereign Risk (Paperback, 2014 ed.)
Norbert Gaillard
R1,585 R1,334 Discovery Miles 13 340 Save R251 (16%) Ships in 10 - 15 working days

The public debt crisis that Eurozone countries have experienced since 2010 has been accompanied by a resurgence of sovereign risk. Greece was obliged to restructure its debt in 2012. The credit position of even the wealthy countries is shakier than at any time since the Great Depression. Now more than ever it is essential to understand sovereign risk because the default of a country, or even its lack of credibility, is bound to jeopardize political stability and weaken the credit standing of all other economic actors. This book reviews and analyzes the different means used to forestall and protect against sovereign defaults. In light of the Eurozone's 2010-2012 sovereign debt crisis, this book also emphasizes the roots of sovereign creditworthiness. Chapter 1 establishes a typology of sovereign defaults. A sovereign "bankruptcy" may take many forms (debt repudiation, moratorium, restructuring, etc.). Chapter 2 presents the different contractual and legal tools used to protect against sovereign defaults. Chapter 3 investigates how some investors have been able to interfere with the debtor's economic policy by insisting that measures be taken to reduce the risk of default in the short and medium term. Such interference can be direct or may be more subtle. There is a specific focus on the conditionality imposed by the International Monetary Fund. Chapter 4 studies the various tools that investors can use to discriminate among borrowers and forecast debt crises (bond yields and spreads as well as ratings provided by Fitch, Moody's, Standard & Poor's, and Euromoney Country Risk). Chapter 4 also demonstrates that sovereign debtors must overcome seven types of risk in order to preserve their creditworthiness: natural disaster, geopolitical risk, institutional and political risk, economic risk, monetary and exchange rate risk, fiscal and tax-system risk, and debt-related risk.

Advances in the Practice of Public Investment Management - Portfolio Modelling, Performance Attribution and Governance... Advances in the Practice of Public Investment Management - Portfolio Modelling, Performance Attribution and Governance (Hardcover, 1st ed. 2018)
Narayan Bulusu, Joachim Coche, Alejandro Reveiz, Francisco Rivadeneyra, Vahe Sahakyan, …
R3,234 R2,770 Discovery Miles 27 700 Save R464 (14%) Ships in 10 - 15 working days

This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management - including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the challenges to achieving international diversification.

Wind Energy Deployment and the Relevance of Rare Earths - An Economic Analysis (Paperback, 2014 ed.): Anja Brumme Wind Energy Deployment and the Relevance of Rare Earths - An Economic Analysis (Paperback, 2014 ed.)
Anja Brumme
R2,209 R1,831 Discovery Miles 18 310 Save R378 (17%) Ships in 10 - 15 working days

The worldwide deployment of wind power plants is soaring. Yet the availability of their construction materials could be a potential bottleneck. As rare earth elements represent the most critical materials, Anja Brumme provides a market analysis of rare earths, ascertaining that geological scarcity is not the main problem. Instead, the author identifies four kinds of market failure: market power, co-production, by-production and negative externalities. It becomes apparent that the market for rare earth metals is in a state of severe disequilibrium. Subsequently, her estimate of future rare earth demand patterns based on the wind power industry by 2050 reveals that the current level of supply is unlikely to be sufficient in the long run. To allow for a more elaborate analysis, the author suggests two options of including a rare earth side condition in an integrated assessment model.

The Political Economy of Neo-modernisation - Rethinking the Dynamics of Technology, Development and Inequality (Hardcover, 1st... The Political Economy of Neo-modernisation - Rethinking the Dynamics of Technology, Development and Inequality (Hardcover, 1st ed. 2018)
Seung-Jin Baek
R3,243 R2,836 Discovery Miles 28 360 Save R407 (13%) Ships in 10 - 15 working days

Is there a limit to technological advancements? Are technological advancements creating a more equal and fair world? Starting from influential thinkers driving a never-ending evaluation of development discourse - incorporating theories of modernisation, endogenous growth, globalisation, neoliberalism and several others - Seung-Jin Baek answers these questions and sets out practical steps to create societies that are more equal in the Fourth Industrial Revolution. This book explores why Western-centred development strategies are unlikely to bring about similar developmental paths and outcomes in developing economies. By theoretically and empirically assessing the Technology-Development-Inequality nexus, Baek explores why a distorted developmental path has been observed in recent years, with high income countries being associated with rising inequality. This is important reading for all those seeking to understand international development in a twenty-first century context.

Social Security and Economic Globalization (Hardcover, 2013 ed.): Paul J.J. Welfens Social Security and Economic Globalization (Hardcover, 2013 ed.)
Paul J.J. Welfens
R2,912 R2,426 Discovery Miles 24 260 Save R486 (17%) Ships in 10 - 15 working days

Economic globalization is a complex phenomenon where the links between social security expenditures and globalization are not well understood so far. This study summarizes new key findings and highlights new theoretical insights in the field of social security systems, labor standards, taxation and economic globalization. Moreover, new thoughts on the links between social security systems and migration as well as between free trade areas and social market economy development are presented. The book analyzes the role of a changing age dependency using a Branson model and it derives implications for the stock market price index, the exchange rate and the interest rate. Economic globalization needs to be politically managed and through the Transatlantic Banking Crisis and the Euro Crisis the need to more carefully draw the rules of the game for financial globalization has been highlighted. Unstable financial markets have a large potential to undermine social market economies and social security systems. The rising income inequalities within countries raise more policy challenges for Europe than for the US.

Why Bank Panics Matter - Cross-Disciplinary Economic Theory (Paperback, 2014 ed.): Frederick Betz Why Bank Panics Matter - Cross-Disciplinary Economic Theory (Paperback, 2014 ed.)
Frederick Betz
R1,681 R1,432 Discovery Miles 14 320 Save R249 (15%) Ships in 10 - 15 working days

Bank panics have always mattered because they create serious disruptions in economic and financial activity, depressing national economies. But they matter even more now, as information and communications technologies have stitched together a global financial system that is more vulnerable to crisis on a large scale. For example, the global bank panic of 2007-08 froze up the national economies of the U.S., England, France, Iceland, Ireland, and Germany -- all at the same time. And each of their governments had to act to bail out their own banks, without a consistent international regulatory framework.

In this volume, Fred Betz takes a unique, cross-disciplinary approach to understanding bank panics, with an emphasis on the U.S. Bank Panics of 1857, 1907, 1930-33, 2007-08 and the European Bank Panics of 2010-2013. Despite over a hundred years of modern economic theory and many excellent historical studies about bank panics, they are still poorly understood and certainly not yet preventable. Partly this has been a function of the limitations of modern economic theory, which cannot interpret bank panics as complex societal phenomena. All societal phenomena are, in reality, multi-disciplinary in scope and cross-disciplinary in connections. Bank panics can best be understood through the collective lenses of sociology, political science, psychology, management science, management of technology, among other disciplines. Through this dynamic approach, the author identifies five key underlying triggers of bank panics: (1) funding excessive leverage in speculation, (2) lack of proper banking regulation, (3) bad banking practices, (4) lack of banking integrity, (5) corrupt banking practices. In so doing, he suggests new strategies for avoiding and recovering from bank panics and other financial crises."

On Collective Goods, Voluntary Contributions, and Fundraising (Paperback, 2014 ed.): Alexander von Kotzebue On Collective Goods, Voluntary Contributions, and Fundraising (Paperback, 2014 ed.)
Alexander von Kotzebue
R2,162 R1,924 Discovery Miles 19 240 Save R238 (11%) Ships in 10 - 15 working days

Alexander von Kotzebue investigates the interdependency of charitable giving, fundraising, and governmental intervention. His study comprises a literature survey, a model of the donor-fundraiser relation, and finally, an econometric analysis of the impact of fundraising on giving behaviour. The survey introduces theoretical approaches to donor motivation, groups them according to their central assumptions, and assesses their empirical relevance. The theoretical analysis takes for granted that fundraising is an integral part of the giving process, and models the potential conflict concerning the amount of fundraising exerted. Fundraising typically displays an ambiguous effect on donor utility. The empirical analysis employs two extensive datasets to investigate this complex donor-fundraiser relation, while establishing a convincing link of donor-level data to non-profit financial data.

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