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Books > Money & Finance > Public finance > General

The Challenge of Public-Private Partnerships - Learning from International Experience (Hardcover): Graeme A Hodge, Carsten Greve The Challenge of Public-Private Partnerships - Learning from International Experience (Hardcover)
Graeme A Hodge, Carsten Greve
R3,247 Discovery Miles 32 470 Ships in 10 - 15 working days

Public-Private Partnerships (PPPs) - cooperative institutional arrangements between public and private sector actors - are now an increasingly relevant and globally popular public policy option. The authors argue that even though PPPs are still evolving, there is now sufficient research to bring these joint ventures to account and to provide lessons for the future. The aim of the book is to investigate how PPP reforms function in comparison to the more traditional methods of providing public sector services and infrastructure and who typically experiences the successes and failures of these reforms. The Challenge of Public-Private Partnerships advances recent thought on PPPs in the areas of risk transfer, financial implications, contractual matters, politics, management and accountability. International case studies are presented from the United Kingdom, Europe, the US and Australasia, and the authors delineate the experience of PPPs in areas such as infrastructure and human services. A strong thread of accountability is woven throughout the book, synthesizing common issues, separating the rhetoric from the performance reality and providing strategies for better meeting the various international challenges for future PPPs. Re-examining the myriad meanings and definitions given to PPPs, and presenting a range of theories and frameworks to improve understanding of PPP events and outcomes, this book will be of great interest to those involved in public administration and public policy-making.

Urban Public Finance - Concepts & Experiences (Hardcover): Amit Singh Sisodiya, N Janardhan Rao Urban Public Finance - Concepts & Experiences (Hardcover)
Amit Singh Sisodiya, N Janardhan Rao
R1,516 R1,242 Discovery Miles 12 420 Save R274 (18%) Ships in 10 - 15 working days

CONTENTS: Urban Public Finance; An Introduction; Trends in Municipal Finances in India; The Impact of Municipal Finance & Governance on Urban Sprawl; Financing Urban Infrastructure: Innovative Financial Instruments for Cities; Unconventional Methods of Financing Urban Development: The Role of Public-Private Partnership (PPP); Expanding Local Government Resources for Capital Projects through Municipal Borrowing & other Market-Based Financing; Local Government Finance in India: Trends & Patterns of Select Municipal Corporations; Innovative Financing of Urban Infrastructure in India through Market-based Financing & Public-Private Partnership; Public Finance Challenges for Chinese Urban Development; Local Revenue Mobilization in Urban Settings in Africa.

Fiscal Administration (Hardcover, 10th edition): John Mikesell Fiscal Administration (Hardcover, 10th edition)
John Mikesell
R2,012 R1,671 Discovery Miles 16 710 Save R341 (17%) Ships in 15 - 25 working days

FISCAL ADMINISTRATION, Tenth Edition, gives you the power to understand public finances as a participant who can put the process together, not just as a bystander. With U.S. federal, state, and local budgets, financial reports, and other documents, you can see how policymakers and administrators operate and learn skills needed to function in those systems. Chapters illustrate concepts and issues with case studies from the private and nonprofit sector as well as from government finance.

Public Policy & Financial Economics: Essays In Honor Of Professor George G Kaufman For His Lifelong Contributions To The... Public Policy & Financial Economics: Essays In Honor Of Professor George G Kaufman For His Lifelong Contributions To The Profession (Hardcover)
Douglas D. Evanoff, Anastasios G. Malliaris, George G. Kaufman
R2,968 Discovery Miles 29 680 Ships in 10 - 15 working days

The central goal of this volume was to assemble outstanding scholars and policymakers in the field of financial markets and institutions and have them articulate significant market developments in their particular areas of expertise during the past few decades.Not just a celebratory volume, Public Policy and Financial Economics selected internationally recognized financial economists who have worked with Professor Kaufman during his years of scholarly research, and have a combined mastery of specialized financial markets themes and, very importantly, knowledge of public policies in the areas. All 15 chapters offer unique, innovative, and exciting expositions of several critical topics in financial economics.

Debt Wish - Entrepreneurial Cities, U.S. Federalism, and Economic Development (Paperback, New ed.): Alberta M. Sbragia Debt Wish - Entrepreneurial Cities, U.S. Federalism, and Economic Development (Paperback, New ed.)
Alberta M. Sbragia
R919 R599 Discovery Miles 5 990 Save R320 (35%) Ships in 10 - 15 working days

Albert Sbragia considers American urban government as an investor whether for building infrastructure or supporting economic development. Over time, such investment has become disconnected from the normal political and administrative processes of local policymaking through the use of special public spending authorities like water and sewer commissions and port, turnpike, and public power authorities.

Sbragia explores how this entrepreneurial activity developed and how federal and state policies facilitated or limited it. She also analyzes the implications of cities creating innovative, special-purpose quasi-governments to circumvent and dilute state control over city finances, diluting their own authority in the process.

From Asian to Global Financial Crisis - An Asian Regulator's View of Unfettered Finance in the 1990s and 2000s... From Asian to Global Financial Crisis - An Asian Regulator's View of Unfettered Finance in the 1990s and 2000s (Paperback)
Andrew Sheng
R833 Discovery Miles 8 330 Ships in 10 - 15 working days

This is a unique insider account of the new world of unfettered finance. The author, an Asian regulator, examines how old mindsets, market fundamentalism, loose monetary policy, carry trade, lax supervision, greed, cronyism, and financial engineering caused both the Asian crisis of the late 1990s and the current global crisis of 2008 2009. This book shows how the Japanese zero interest rate policy to fight deflation helped create the carry trade that generated bubbles in Asia whose effects brought Asian economies down. The study s main purpose is to demonstrate that global finance is so interlinked and interactive that our current tools and institutional structure to deal with critical episodes are completely outdated. The book explains how current financial policies and regulation failed to deal with a global bubble and makes recommendations on what must change.

The Economics, Regulation, and Systemic Risk of Insurance Markets (Hardcover): Felix Hufeld, Ralph S. J. Koijen, Christian... The Economics, Regulation, and Systemic Risk of Insurance Markets (Hardcover)
Felix Hufeld, Ralph S. J. Koijen, Christian Thimann
R1,364 Discovery Miles 13 640 Ships in 10 - 15 working days

Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macro-economic role and risks of insurance markets are surprisingly limited. The core motivation for publishing this book is to bring together academics, regulators, and industry experts to provide a multifaceted array of research and perspectives on insurance, its role and functioning, and the potential systemic risk it could create. The first part discusses the macro-economic role of insurance and how insurance is different from banking and general finance. Understanding the differences between the balance sheets of insurers and other financial intermediaries is essential to understand the potential differences in risk nature and differences in optimal regulation. The second part of the book focuses on the risks of the insurance sector and the potential for systemic risk. The various chapters discuss the risks both on the asset and liability sides of insurers' balance sheets. The third part of the book covers the impact of regulation on insurance companies. Existing regulation is often complex and has a large impact on insurance companies' decision-making and functioning. The chapters also illustrate the unintended consequences of various forms of regulation. The book concludes with a summary of a survey that has been conducted in collaboration with McKinsey, where insurance executives have been asked about the risks and regulation in the insurance sector. The survey provides guidance for future research on insurance markets.

Bandit Capitalism - Carillion and the Corruption of the British State (Paperback): Bob Wylie Bandit Capitalism - Carillion and the Corruption of the British State (Paperback)
Bob Wylie 1
R398 R369 Discovery Miles 3 690 Save R29 (7%) Ships in 10 - 15 working days

The collapse in January 2018 of the construction giant Carillion, outsourcer of huge Government building contracts, is one of the great financial scandals of modern times. When it folded it had only GBP29 million in the bank and debts and other liabilities adding up to a staggering GBP7 billion. When the total losses were counted it was established that the banks were owed GBP1.3 billion in loans and that there was a hole in the pension fund of GBP2.6 billion.That left British taxpayers picking up the tab to salvage the pensions owed to Carillion workers. On one level, this is a familiar story of directors who systematically looted a company with the aim of their own enrichment. But in a wider context the Carillion catastrophe exposes everything that is wrong about the state we are in now - the free-for-all of company laws which govern directors' dealings, the toothless regulators, the crime and very little punishment of the Big Four auditors, and a government which is a prisoner of a broken model born of a political ideology which it cannot forsake. Through the story of Carillion, Bob Wylie exposes the lawlessness of contemporary capitalism that is facilitated by hapless politicians, and gives a warning for the future that must be heeded. Bandit Capitalism charts, in jaw-dropping detail, the rise and rise of the British Oligarchy.

Doing Business in Cameroon - An Anatomy of Economic Governance (Paperback): Jose Maria Munoz Doing Business in Cameroon - An Anatomy of Economic Governance (Paperback)
Jose Maria Munoz
R694 Discovery Miles 6 940 Ships in 10 - 15 working days

From the mid-1980s to the early 2000s, images of crisis and reform dominated talk of Cameroon's economy. Doing Business in Cameroon examines the aftermath of that period of turbulence and unpredictability in the northern city of Ngaoundere. Taking the everyday encounters between business actors and state bureaucrats as its point of departure, the book vividly illustrates the backstage and interconnected dynamics of four different sectors (cattle trade, trucking, public contracting, and NGO work). Drawing on his training in law and social anthropology, the author is able to clarify intricate policy dynamics and abstruse legal developments for readers. A widespread picture emerges of actors grappling with the long-term implications of selective or suspended enforcement of legal rules. The book deftly illuminates a set of shifting configurations in which economic outcomes like monetary gains or the circulation of goods are achieved by foregoing the possibility of relying on or complying with the law.

Government finance statistics yearbook 2013 (Paperback, Vol. 37, 2012): International Monetary Fund Government finance statistics yearbook 2013 (Paperback, Vol. 37, 2012)
International Monetary Fund
R2,203 R1,979 Discovery Miles 19 790 Save R224 (10%) Ships in 10 - 15 working days

The IMF Government Finance Statistics contains statistical data on government financial operations for 156 countries. Where reported, the database contains time series from 1990 onwards using the Government Finance Statistics Manual 2001 (GFSM 2001) framework. The statistics, issued quarterly, are updated as new data are received and time series become available. These time series present combined statistics on revenue, expense, transactions in non-financial assets, and financial assets and liabilities, as well as on stocks of assets and liabilities of general government and its subsectors.

Going Public: My Adventures Inside the SEC  and How to Prevent the Next Devastating Crisis (Hardcover, Ed): Norm Champ Going Public: My Adventures Inside the SEC and How to Prevent the Next Devastating Crisis (Hardcover, Ed)
Norm Champ
R575 R449 Discovery Miles 4 490 Save R126 (22%) Ships in 10 - 15 working days

An insider's look at the SEC and the changes needed to strengthen America's financial system In the wake of the 2008 financial crisis, the U.S. stock market went through seismic ruptures that destroyed businesses and damaged millions of lives. Daily revelations about an overly leveraged investment sector and endless scandal only underlined the vulnerability of the U.S. financial system. Facing its own ineptitude, the Securities and Exchange Commission (SEC) had to shape up, but how would that be possible in a dysfunctional agency riddled with bureaucratic bungling, soul-killing work rules, and civil service privileges that defied common sense? In Going Public, Norm Champ details his time spent as the Director of the Division of Investment Management at the SEC. He offers a rare examination inside a major federal agency during a crisis, and his insights and accounts illuminate conditions in our economy today. His narrative is supported by: * Explanations on the inner workings of hedge funds, economic policy and politics, investing, and inefficient federal agencies * Recommendations for policy changes to create healthy, corruption-free markets and help prepare Americans for future crises * First-hand account of how players such as Ben Bernanke and Elizabeth Warren battled to shape Wall Street and financial reform * Exploration of a string of narrowly averted financial disasters that were hidden from the world-including one that has never been made public Though there are signals that we are recreating prime conditions for another crisis, Champ shows how policymakers can avoid triggering these events, strengthen America's financial system, and through commonsense regulation and increased financial literacy, make the U.S. the world's most vibrant market.

Endgame - The End of the Debt SuperCycle and How It Changes Everything (Paperback): John F. Mauldin, Jonathan Tepper Endgame - The End of the Debt SuperCycle and How It Changes Everything (Paperback)
John F. Mauldin, Jonathan Tepper 1
R349 R278 Discovery Miles 2 780 Save R71 (20%) Ships in 10 - 15 working days

Praise for Endgame "This is an extremely powerful, sobering, well-written and highly accessible book. It will demonstrate to you why there are no painless solutions to the mounting debt problems around the world something that too many people are yet to realize. It will take you on a well-documented journey through the debt supercycle, making stops around the world and at critical junctures. And it is a must-read for anyone wishing to understand the global debt dynamics and ways to protect against its bad consequences." Mohamed A. El-Erian, CEO, PIMCO, and author of When Markets Collide "No one has thought more creatively about the economy. Mauldin's weekly newsletter is a must-read, and his book is even more important if you want to understand a rapidly changing world." Newt Gingrich, Former Speaker of the House of Representatives "Successful investors explore all possibilities. You should read this book so you can succeed in case the Endgame is our future." Jim Rogers, author of A Gift to My Children "I read everything John Mauldin writes. He travels the world and shares his financial stories like a good friend sharing a drink. Mauldin is that rarity a skeptical optimist who calls 'em straight and rewards his clients and fans." Rich Karlgaard, Publisher and Columnist, Forbes magazine "There's clearly something important going on in the world economy. Something big. Something powerful and dangerous. But something as yet undefined and uncertain. We are all feeling our way around in the dark, trying to figure out what it is. John Mauldin must have night vision glasses. He does an excellent job of seeing the obstacles. You should read this book before you knock over a lamp and stumble over the furniture." William Bonner, President and CEO, Agora Inc., and author of Dice Have No Memory and Empire of Debt "Endgame is not only a highly readable and informative account of the causes of the recent global economic and financial meltdown, but it also provides investors with a concrete investment strategy from which they can benefit while this final act in financial history is being played out." Marc Faber, Managing Director, Marc Faber, Ltd., and Editor, Gloom, Boom & Doom Report

Upstream Petroleum Fiscal and Valuation Modeling in Excel - A Worked Examples Approach (Hardcover): Ken Kasriel, David Wood Upstream Petroleum Fiscal and Valuation Modeling in Excel - A Worked Examples Approach (Hardcover)
Ken Kasriel, David Wood
R2,627 R2,487 Discovery Miles 24 870 Save R140 (5%) Ships in 10 - 15 working days

""This is a book no deal team should be without. It is a must for those involved in upstream oil and gas transactions, planning, budgeting, investment appraisal and portfolio management. Its step-by-step approach cuts through complexity, making it comprehensive and understandable by a wide range of users with a wide range of abilities. It can be used as a textbook, an introductory primer or as a handbook that you can dip in and out of or read cover to cover.""--Michael Lynch-Bell, Senior Advisor, Oil & Gas, Ernst & Young LLP; ex-officio Chairman, UN Expert Group on Resource Classification

In the upstream petroleum industry, it is the value of post-tax cashflows which matters most to companies, governments, investors, lenders, analysts, and advisors. Calculating these cashflows and understanding their "behavior," however, is challenging, as the industry's specialized fiscal systems can be complex, jargon-laden, and sometimes seem to be a "world of their own."

"Upstream Petroleum Fiscal and Valuation Modeling in Excel: A Worked Examples Approach" demystifies fiscal analysis which, unlike disciplines such as Earth sciences and engineering, can be learned from a book. Written in plain English for laymen and for experienced practitioners alike, it is a reader-friendly, clear, practical, step-by-step hands-on guide for both reference and self-paced study.

The book does not catalogue the 100+ different petroleum fiscal regimes in use at the time of writing. Rather, drawing on the authors' combined 48 years' experience, it takes a more timeless, generic treatment, by covering the most common variants of royalties, taxation, production sharing arrangements, bonuses and abandonment funding, through a dual approach: first, showing how to model them in Excel, and then providing interactive exercises to prompt (and answer) questions that analyze impacts on cashflows.

In addition to the main text, the book consists of over 120 Excel files (ranging from modular examples to full models) in Excel 2007 and 2003 formats; over 400 pages of supplementary PDF files; VBA features to enhance model functionality; and an introduction to risk modeling with exercises for the included trial version of Oracle's Crystal Ball software. It offers both a wealth of content and models equal to or surpassing what is available from fiscal modeling courses costing several times more; and greater insights into underlying calculations than commercially available "black box" fiscal software.

New US Securities and Exchange Commission (SEC) rules planned for 2013 will force petroleum companies to disclose more fiscal information on an individual country basis. This will make it more important than ever for analysts to understand how to model oil and gas terms and the potential impacts of the disclosed government payments on future oil and gas company profitability.

Due to the heavy use of graphics and cross references used in this particular text, some readers might find that the printed book offers a more optimal reading experience than certain e-formats particularly with the Kindle eMobi format."When purchasing this book for an e-reader, please email proof of purchase and delivery address to: wileydiscrequest@wiley.com and Wiley will send your accompanying CD-ROM to you seperately. "

How Latvia Came Through the Financial Crisis (Paperback): Anders Aslund, Valdis Dombrovskis How Latvia Came Through the Financial Crisis (Paperback)
Anders Aslund, Valdis Dombrovskis
R487 R416 Discovery Miles 4 160 Save R71 (15%) Ships in 10 - 15 working days

Latvia stands out as the East European country hardest hit by the global financial crisis; it lost approximately 25 percent of its GDP between 2008 and 2010. It was also the most overheated economy before the crisis. But in the second half of 2010, Latvia returned to economic growth. How did this happen so quickly? Current Latvian Prime Minister Valdis Dombrovskis, who shepherded Latvia through the crisis, and renowned author Anders Aslund discuss why the Latvian economy became so overheated; why an IMF and European Union stabilization program was needed; what the Latvian government did to resolve the financial crisis and why it made these choices; and what the outcome has been. This book offers a rare insider's look at how a national government responded to a global financial crisis, made tough choices, and led the country back to economic growth.

Institutional Congruence - The Riddle of Leviathan and Hydra (Paperback): David Christoph Ehmke Institutional Congruence - The Riddle of Leviathan and Hydra (Paperback)
David Christoph Ehmke
R1,158 R1,087 Discovery Miles 10 870 Save R71 (6%) Ships in 10 - 15 working days
War Finance (Hardcover): Larry Neal War Finance (Hardcover)
Larry Neal
R21,020 Discovery Miles 210 200 Ships in 10 - 15 working days

This major new reference collection reprints the most important published papers on the problems of war finance under varying constraints imposed by institutions, technology, geography, and strategy from the time of Alexander the Great to the Gulf War in 1991. Larry Neal has written a new comprehensive introduction to accompany the volumes.

EMPLOYMENT, GROWTH AND FINANCE - Economic Reality and Economic Growth (Hardcover): Paul Davidson, J.A. Kregel EMPLOYMENT, GROWTH AND FINANCE - Economic Reality and Economic Growth (Hardcover)
Paul Davidson, J.A. Kregel
R3,051 Discovery Miles 30 510 Ships in 10 - 15 working days

This important new book brings together a significant body of new essays on some of the central economic problems facing governments, firms and individuals in the 1990s. Under the direction of Paul Davidson and Jan Kregel, an international group of distinguished economists provide new perspectives on key issues including employment, corporate and work place restructuring, economic growth and development, financial integration and transformation of the former command economies. Combining rigorous scholarly assessments of the issues with policy prescription, the contributors seek to provide solutions to the problem of providing full employment, to identify the factors determining the expansion of the economy, and to analyse the impact of financial markets, financial derivatives and international regulations on domestic and global economic performance. Employment, Growth and Finance will be welcomed by all those interested in the solutions to international economic problems being developed by post Keynesian economists.

Markets and the Media - Competition, Regulation and the Interests of Consumers (Paperback): Michael. E. Beesley Markets and the Media - Competition, Regulation and the Interests of Consumers (Paperback)
Michael. E. Beesley
R376 Discovery Miles 3 760 Ships in 10 - 15 working days

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The New Dynamic Public Finance (Hardcover): Narayana R. Kocherlakota The New Dynamic Public Finance (Hardcover)
Narayana R. Kocherlakota
R1,212 R968 Discovery Miles 9 680 Save R244 (20%) Ships in 10 - 15 working days

Optimal tax design attempts to resolve a well-known trade-off: namely, that high taxes are bad insofar as they discourage people from working, but good to the degree that, by redistributing wealth, they help insure people against productivity shocks. Until recently, however, economic research on this question either ignored people's uncertainty about their future productivities or imposed strong and unrealistic functional form restrictions on taxes. In response to these problems, the new dynamic public finance was developed to study the design of optimal taxes given only minimal restrictions on the set of possible tax instruments, and on the nature of shocks affecting people in the economy. In this book, Narayana Kocherlakota surveys and discusses this exciting new approach to public finance.

An important book for advanced PhD courses in public finance and macroeconomics, "The New Dynamic Public Finance" provides a formal connection between the problem of dynamic optimal taxation and dynamic principal-agent contracting theory. This connection means that the properties of solutions to principal-agent problems can be used to determine the properties of optimal tax systems. The book shows that such optimal tax systems necessarily involve asset income taxes, which may depend in sophisticated ways on current and past labor incomes. It also addresses the implications of this new approach for qualitative properties of optimal monetary policy, optimal government debt policy, and optimal bequest taxes. In addition, the book describes computational methods for approximate calculation of optimal taxes, and discusses possible paths for future research.

China's Financial Stability: Inherent Logic And Basic Framework (Hardcover): Yanling Li China's Financial Stability: Inherent Logic And Basic Framework (Hardcover)
Yanling Li; Dexu He
R3,015 Discovery Miles 30 150 Ships in 10 - 15 working days

Triggered by the US subprime mortgage crisis in 2007, the Financial Tsunami is the most serious global financial crisis since the Great Depression. This book studies financial stability in terms of its determining factors, causal mechanisms and institutional requirements. It aims at understanding how to construct a mechanism for maintaining long-term financial stability.The book focuses on economic analysis of the understanding what China can and should do to safeguard its economic and financial stability. In its assessment and discussion of financial stability in China, this book takes full account of China's specific conditions and constructs an index system for the country. It also reflects on the country's monetary policy, government functions and behavior, fluctuations in real estate prices, and financial security network design.The book contributes to better understanding of financial stability in transition economies. It proposes a systematic solution to financial instability in China and strategies for building a mechanism to maintain financial stability in the country.

Research for the Developing World - Public Funding from Australia, Canada, and the UK (Hardcover): Bruce Currie-Alder Research for the Developing World - Public Funding from Australia, Canada, and the UK (Hardcover)
Bruce Currie-Alder
R2,029 Discovery Miles 20 290 Ships in 10 - 15 working days

Research for the developing world can generate evidence on the effectiveness of foreign aid, invent new technologies that serve poor people, and strengthen research capabilities in poor countries. How do countries determine which of these policy goals to pursue? Examining the United Kingdom, Canada, and Australia reveals how each country established a unique approach to research funding. Programs and grantmaking evolved in response to various expectations across government, tempered by the need to remain credible in the scientific community. This book explores the histories of the UK Department for International Development (DFID), Canada's International Development Research Centre (IDRC), and the Australian Centre for International Agricultural Research (ACIAR). Looking back, changes in research governance encouraged a shift towards whole-of-government priorities, shorter timeframes for realizing results, and performance predicated on academic productivity and research impact. Whereas funders used to encourage 'small is beautiful' with local experiments in development, today the emphasis is on 'getting to scale' delivering innovation through self-financing models. Looking forward, research for the developing world is fading as part of development assistance, yet rising as collaboration on common global challenges. Funders are adopting new definitions of performance and actively shaping policy to connect science and international development. Leaders are brokering partnerships that connect research governance at home and abroad, bridging the incentives towards academic productivity and research impact. In short, the future of research for the developing world is moving from foreign aid to science diplomacy.

Public Spirit in the Thrift Tragedy (Paperback): Mark Carl Rom Public Spirit in the Thrift Tragedy (Paperback)
Mark Carl Rom
R983 R631 Discovery Miles 6 310 Save R352 (36%) Ships in 10 - 15 working days

Winner of the Harold Lasswell Award of the American Political Science AssociationThe FSFIC failed spectacularly during the 1980s, costing taxpayers an estimated $200 billion. In this award-winning analysis, Rom examines the political causes of this \u201cthrift tragedy.\u201d He directly confronts-and rejects-the dominant scholarly \u201cpublic choice\u201d view that public officials were motivated mainly be self-interest. Instead, Rom argues that politicians and bureaucrats generally acted in the \u201cpublic spirit\u201d by attempting to obtain the common interest as they saw it. Using new evidence and innovative methods, Rom demonstrates that FSLIC's failure unfolded because of commitments that officials had made in the past and their uncertainties about how to fulfill these obligations in the future.

Government Shutdowns - Select Analyses & Effects of the 2013 Shutdown (Hardcover): Yvonne E. Gonzalez Government Shutdowns - Select Analyses & Effects of the 2013 Shutdown (Hardcover)
Yvonne E. Gonzalez
R3,995 Discovery Miles 39 950 Ships in 10 - 15 working days

When federal agencies and programs lack funding after the expiration of full-year or interim appropriations, the agencies and programs experience a funding gap. If funding does not resume in time to continue government operations, then, under the Antideficiency Act, an agency must cease operations, except in certain situations when law authorises continued activity. The criteria that flow from the Antideficiency Act for determining which activities are affected are complex. Government shutdowns have necessitated furloughs of several hundred thousand federal employees, required cessation or reduction of many government activities, and affected numerous sectors of the economy. This book discusses causes of shutdowns, including the legal framework under which they may occur; processes related to how agencies may plan for the contingency of a shutdown; effects of shutdowns, focusing especially on federal personnel and government operations; and issues related to shutdowns that may be of interest to Congress.

Significance of Immigration for Public Finances in Denmark - Study Paper No. 35 (Paperback): Christer Gerdes, Marie Louise... Significance of Immigration for Public Finances in Denmark - Study Paper No. 35 (Paperback)
Christer Gerdes, Marie Louise Schultz-Nielsen, Eskil Wadensjo
R192 R177 Discovery Miles 1 770 Save R15 (8%) Ships in 10 - 15 working days

This study paper examines the economic consequences of immigration for public finances in Denmark. Using new figures for the period 2004-2008, net transfers are calculated and presented as an extension to the figures that already existed for the period 1991-2001. The net transfers are calculated from a marginal perspective, which means that the included public expenditures and incomes can be traced to each individual person in the sample. The study is therefore suited for analyzing the economic consequences if more/less people immigrate. A consistent pattern to emerge throughout the study is that net transfers from Western first- and second-generation immigrants to state funds are positive, while those from non-Western first- and second-generation immigrants are negative. The new calculations show that net transfers from non-Western first- and second-generation immigrants fell from DKK (Danish Kroner) -12.8 billion in 2004 to DKK -9.1 billion in 2008, largely due to the improved employment situation in Denmark. However, the results also show that the composition chosen of the group of non-Western immigrants has a significant effect on the calculation of net transfers, in that these transfers are reduced to DKK -2.2 billion if refugees are excluded from this group.

Rules and Restraint - Government Spending and the Design of Institutions (Paperback): David M Primo Rules and Restraint - Government Spending and the Design of Institutions (Paperback)
David M Primo
R628 Discovery Miles 6 280 Ships in 10 - 15 working days

Government spending has increased dramatically in the United States since World War II despite the many rules intended to rein in the insatiable appetite for tax revenue most politicians seem to share. Drawing on examples from the federal and state governments, "Rules and Restraint" explains in lucid, nontechnical prose why these budget rules tend to fail, and proposes original alternatives for imposing much-needed fiscal discipline on our legislators.
One reason budget rules are ineffective, David Primo shows, is that politicians often create and preserve loopholes to protect programs that benefit their constituents. Another reason is that legislators must enforce their own provisions, an arrangement that is seriously compromised by their unwillingness to abide by rules that demand short-term sacrifices for the sake of long-term gain. Convinced that budget rules enacted through such a flawed legislative process are unlikely to work, Primo ultimately calls for a careful debate over the advantages and drawbacks of a constitutional convention initiated by the states--a radical step that would bypass Congress to create a path toward change. "Rules and Restraint" will be required reading for anyone interested in institutional design, legislatures, and policymaking.

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