The book presents arguments against the taxpayers'-funded bailing out of failed financial institutions, and puts forward suggestions to circumvent the TBTF problem, including some preventive measures. It ultimately argues that a failing financial institution should be allowed to fail without fearing an apocalyptic outcome.

A comparative analysis of the process of public sector transition from central planning to market democracy. It is the story of the difficulties and complexities of moving to a system of greater autonomy for the subnational governments of the Czech and Slovak Republics, including the future of these two governments' fiscal policies after the global recession.

Sovereign wealth funds (SWFs) are often seen as a threat to western nations. They raise political issues about the nature of their ownership, origin, objectives, portfolio & performance, & are regarded with suspicion by countries in which the SWFs invest. This text provides a comparative study of the 7 largest SWF holding countries.

An inside view of the forces which shaped SEPA and the PSD written from the unique perspective of someone closely involved throughout the process. It uncovers the strategic, legal and practical implications of the full harmonization agenda and provides an assessment of where these initiatives stand today, including key lessons learned.

This book is an introduction to the history of - and current measurement practice of - inflation for the United Kingdom. The authors describe the historical development of inflation measures in a global context, and do so without using formal mathematical language and related jargon that relates only to a few specialist scholars. Although inflation is a widely used and quoted statistic, and despite the important role inflation plays in real people's lives - through pension uprating, train tickets, interest rates and the work of economists - few people understand how it is created. O'Neill, Ralph and Smith mix historical data with a description of practices inside the UK statistical system and abroad, which will aid understanding of how this important economic statistic is produced, and the important and controversial choices that statisticians have made over time.

This book explores new forms of private, mutual municipal, public-private and "reverse" state funding of public investments, co-payments and shared contributions, vouchers, and pooled public risk-financing. It includes case studies taken from the Nordic countries, UK, Spain, Slovenia, Slovakia, Turkey and South Korea.

Public administration can be broadly described as the development, implementation and study of branches of government policy. The pursuit of the public good by enhancing civil society, ensuring a well-run, fair and effective public service are some of the goals of the field. Furthermore, government debt (also known as public debt or national debt) is money owed by any level of government, either central government, federal government, municipal government or local government. As the government draws its income from society as a whole, public debt can be seen as an indirect debt of the taxpayers. Conversely, non-governmental organisation (NGO) is a term that has become widely accepted for referring to a legally constituted, non-governmental organisation created by natural or legal persons with no participation or representation of any government. In the cases in which NGOs are funded totally or partially by governments, the NGO maintains its non-governmental status, thereby excluding government representatives from membership in the organisation. This book gathers the latest research from around the globe in the discussion of these fields and related issues.

The global financial crisis of 1997-98 and the widening US trade deficit have precipitated fresh inquiry into a set of perennial questions about global integration and the US economy. How has global integration affected US producers and workers, and overall growth and inflation? Is a chronic and widening deficit sustainable, or will the dollar crash, perhaps taking the economy with it? If the problem was one of "twin deficits," as many thought, why has the trade deficit continued to grow even as the budget deficit narrowed to zero? If US companies are so competitive, why does the trade deficit persist? Is the trade deficit a result of protectionism abroad? Will it lead to protectionism at home? What role do international capital markets have? Each chapter presents relevant data and a simple analytical framework as the basis for concise discussions of these major issues. The final section of the book provides an outlook for the deficit and suggests alternative policy courses for dealing with it. This book is designed for policymakers and others who are interested in the US role in the world economy. It is also suitable for courses in international economics, business, and international affairs.

Critics of referendums often lament that big money may buy success at the ballot box. But spending by interest groups may also be informative for citizens. This can only happen, however, if the financing of referendum campaigns is regulated. This book offers an overview of these regulations and presents research on their effects.

Research in Finance seeks to provide a collection of quality research articles that reflect the current and primary issues in financial markets. Contributions include finance theory and financial practice, plus accounting issues such as reporting derivatives positions, reflecting intangible holdings, or predicting financial distress. The volume starts with empirical investigations of the impact from macroeconomic variables upon equity values in emerging economies compared with developed economies. Next is an empirical affirmation of the efficiency of the Midcontinent Independent System Operator (MISO) electricity exchange. Next we find several investigations into the efficacy of efforts to stimulate the arousal of emerging nations around the world.

Choices about budget priorities are arguably the most important made by the federal government, profoundly affecting the well-being of citizens. Bruce Jansson documents how presidents from FDR to Clinton have made ill-advised choices that wasted trillions of dollars. Going beyond charges of corruption or bureaucratic waste, the book is an eye-opening expos? revealing innumerable useless projects (military as well as civilian), unnecessary tax concessions, and the use of interest payments to cover deficit spending, among other costly mistakes. Using Office of Management and Budget projections through 2004, Jansson shows how the madness continues -- and how an informed electorate can put an end to it.

"Public Principles of Public Debt" is one of James M. Buchanan's most important and influential books. The radical idea he conceived was that: our reliance on public debt has amassed a sort of orthodoxy that is commonly--and needlessly--assumed by taxpayers, by politicians, and by economists themselves.
Buchanan dismisses the nearly universal belief (which continues to this day) that the burden of debt is borne by the current generation, and he argues persuasively that public debt is shouldered in large part by generations still to come.
Written in 1958, this book represents Buchanan's first published monograph, and its publication met with much controversy, confusion, and speculation in the economic community. But the book also added to Buchanan's rising stature in the early part of his career as a brilliant and original thinker.
The arguments Buchanan lays out in this book had a considerable impact on much of his later work. Buchanan's object here is to establish a set of analytical claims about debt incidence. Current anxieties over implicit Social Security debt are clear indications of the rightness of Buchanan's then-revolutionary theory.
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"

During the last 30 years, finance has increased not only its share of economic activity but also of peoples aspirations. This has transformed society by increasingly organizing it around the search for financial efficiency. Is a society based on fundamental values of free judgment, responsibility and solidarity still possible? This book answers this crucial question.

This book develops current thinking on fiscal policy, emphasizing the role which fiscal policy can play in macroeconomic policy and challenging the view that macroeconomic policy should rely on monetary policy alone. This book offers theoretical insights in defence of fiscal policy as a valid macroeconomic instrument.

"Civil society organisations play an increasingly important role in analysing government budget policies and in advocating for more transparent and inclusive budget processes in transitional and developing countries. Drawing on case studies of six budget groups across Europe, Africa, Asia and Latin America, this book is the first comprehensive study of the impact and significance of civic initiatives aimed at enhancing budget transparency and the poverty focus of government expenditure priorities. Achievements include improvements in the transparency of budgetary decisions, increased budget awareness and literacy, and deeper engagement in the budget process on the part of legislators, the media and civil society organisations. The case studies in this book show how budget groups produce greater equity in budget policies and strengthen democracy by fostering accountability, enhancing transparency and deepening participation and voice."--BOOK JACKET.

Appropriations are one part of a complex federal budget process that includes budget resolutions, appropriations (regular, supplemental, and continuing) bills, rescissions, and budget reconciliation bills. The process begins with the President's budget request and is bounded by the rules of the House and Senate, the Congressional Budget and Impoundment Control Act of 1974 (as amended), the Budget Enforcement Act of 1990, and current program authorisations. This book is a guide to the regular appropriations bills that Congress considers each year. It is designed to supplement the information provided by the House Committee on Appropriations and Senate Subcommittee on Legislative Branch of the Senate Committee on Appropriations. It summarises the current legislative status of the bill, its scope, major issues, funding levels, and related legislative activity.

This book aims to explore if and how securitization changed financial intermediation and lending behaviour by reviewing the pre- and post-financial crisis theoretical and empirical literature. The book's distinctive feature is bringing the growing post-crisis empirical evidence to the attention of a wider audience by critically appraising it against pre-crisis arguments. With its thought-provoking insights, this book is of particular interest for students, practitioners and academics.

PREPARE FOR THE PARTNERSHIPS OF THE FUTURE

This invaluable guide through the complex but highly worthwhile partnering between public and private entities in developing and constructing a wide range of building projects offers objective, comprehensive information integral to both the public and private partners. Included here is a powerful and creative five—part approach to transforming a financially unfeasible project into a project attractive to the private capital markets that covers:

• The tangible and intangible ingredients required for a successful public/private partnership
• How to customize a partnership to meet each partner’s needs, acceptable level of risk, responsibility, and economic returns
• Step—by—step guidelines on completing the developer Request for Qualification (RFQ) and the Request for Proposals (RFP) process

Including detailed descriptions of several case studies pertinent to both sides, this unique manual will be indispensable to government and university real estate officials, developers, architects, contractors, investment bankers, consultants, attorneys, engineers, and the array of other professionals involved in the public/private finance, design, development, construction, and facility management of government, university, school district, and commercial buildings.

For four decades Professional Investor and its predecessor, Investment Analyst, the journal of The Institute of Investment Management and Research, has been publishing sound investment advice on topical issues from leading experts in the field.
The articles in this collection cover financial subjects ranging from the first introduction computers to mathematical techniques into finance, through the oil crisis years, to the valuation of brands, intellectual property and goodwill. Each article provides a fascinating insight both into the subject concerned and into contemporary thinking at the time of writing. All the articles have been selected for their significance to the financial world today. These fascinating articles are as relevant today as when first written.
The Institute of Investment management and Research (IIMR) is the professional Examining body for investment analysts and fund managers in the UK. It provides the 'Threshold Competence' examination for fund managers and analysts, in addition to a six paper Associate examination.
The Institute was founded in 1955 as the Society of Investment Analysts and changed its name in 1992. It was a founding member of EFFAS and has close links with AIMR in the US.
Professional Investor is the journal of the IIMR and is published ten times a year.

This book examines survey data to consider the extent to which public support for immigration, international trade, and foreign direct investment exists in a cohort of 38 heterogeneous countries. With economic globalization shaping daily life, understanding the determinants of public opinion is crucial for policy makers. This timely volume uses survey data from the Pew Research Center's 2006-2014 Global Attitudes Project (GAP) in conjunction with data from several secondary sources. White identifies the factors that underlie the reluctance of some members of the public, and some societies, to view these topics in a more positive light. Specifically, he considers the roles of culture, cultural differences ("cultural distance"), and relative social and economic development as determinants of public opinion and corresponding cross-societal differences of opinion.

Over the last ten years, New Labour has boosted public spending by around a trillion pounds - that's GBP1,000,000,000,000 of our taxes - over GBP50,000 for every household in Britain. But what have we got for our money? Effective and responsive public services that are the envy of the world? Or the creation of a vast, self-serving bureaucracy that has presided over the greatest waste of money in British history? With so much money, a tsunami of extra cash, being thrown at public services - health, education, policing, defence, social services and public administration - there have been some successes. Nevertheless, the results of the Government's tidal wave of extra spending have been worse than pitiful. In department after department, it is the same sorry story - a triple whammy of incompetence, cover-up and cuts that have all but decimated public services, while those responsible have lavished money and honours on themselves. David Craig exposes the sometimes tragic, sometimes comic story of how New Labour's years of mismanagement have led to a bureaucratization of Britain that has squandered almost unimaginable amounts of taxpayers' money, caused irreparable damage to all our lives and rewarded the man responsible with the keys to Number 10.

This book studies the relationship between the arts and the economy. By applying economic thinking to arts and culture, it analyses markets for art and cultural goods, highlights specific facets of art auctions and discusses determinants of the economic success of artists. The author also sheds new light on various cultural areas, such as the performing and visual arts, festivals, films, museums and cultural heritage. Lastly, the book discusses cultural policies, the role of the state in financing culture, and the relationship between the arts and happiness.