State And Local Financial Instruments PDF Download
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Author | : Johnson, Craig L. |
Publisher | : Edward Elgar Publishing |
Total Pages | : 320 |
Release | : 2021-11-09 |
Genre | : Business & Economics |
ISBN | : 1800370938 |
Download State and Local Financial Instruments Book in PDF, ePub and Kindle
The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments 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 nationÕs essential physical infrastructure.
Author | : Craig L. Johnson |
Publisher | : Edward Elgar Publishing |
Total Pages | : 283 |
Release | : 2014-09-26 |
Genre | : Business & Economics |
ISBN | : 1783476176 |
Download State and Local Financial Instruments Book in PDF, ePub and Kindle
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
Author | : Hathaway, Alex |
Publisher | : Edward Elgar Publishing |
Total Pages | : 384 |
Release | : 2021-12-14 |
Genre | : Business & Economics |
ISBN | : 1800886411 |
Download Tools for State and Local Fiscal Management Book in PDF, ePub and Kindle
Governments have always endured economic woes, but the increasing severity of such challenges, from the Great Recession starting in 2008 to the unprecedented impact of the COVID-19 pandemic, highlights the need for better-developed fiscal analysis capacity in governments of all sizes using the most practical—yet robust—techniques available. This volume presents an array of real-world analytical approaches in a variety of service areas at the core of state and local government.
Author | : J. Richard Aronson |
Publisher | : Brookings Institution Press |
Total Pages | : 286 |
Release | : 2010-12-01 |
Genre | : Business & Economics |
ISBN | : 0815716273 |
Download Financing State and Local Governments Book in PDF, ePub and Kindle
State and local governments are at a financial crossroads. As the federal government attempts to reduce its deficits, state governments will have to provide a greater share of support for mandatory social programs. Local governments face demands for new initiatives in education and for civic improvements. Both have obligations to employee pension plans that are large and still relatively untested. Running counter to these claims on state and local budgets is a voter effort to limit the amounts that governments may tax or spend. This fourth edition of James A. Maxwell's classic and widely acclaimed book will help both layman and lawmaker understand the choices open to their governments. It provides a lucid, nontechnical analysis of state and local finance. It gives concise descriptions of the taxes, grants, debt issues, and user charges that finance state and local government and discusses their relative virtues and drawbacks. It traces the history of state and local finance and presents statistical data on expenditures, federal aid, revenue from taxes and user charges, debt, and pension funds. The new edition, in recognition of changes since the mid-1970s, also includes a separate chapter on financing education and broadened analyses of federal grant programs, employee retirement systems, and nonguaranteed municipal debt.
Author | : Robert D. Ebel |
Publisher | : Oxford University Press |
Total Pages | : 1057 |
Release | : 2012-03-21 |
Genre | : Business & Economics |
ISBN | : 0199938318 |
Download The Oxford Handbook of State and Local Government Finance Book in PDF, ePub and Kindle
State and local government fiscal systems have increasingly become vulnerable to economic changes. Over the past three decades, state and local deficits during economic recession have been larger and deeper each time. The impact of the Great Recession and its aftermath of feeble growth and lingering high unemployment has been dramatic both in scope and intensity. Before the crisis, long-term structural deficits were persistent for both individual governments and the entire sector as spending plans and patterns outpaced governments' revenue-generating capacity. The revenue systems of these governments eroded while the workloads and scope on the expenditure side of the state and local system budget continued to grow. This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. It contains 35 chapters authored by 60 practitioners and academics who are renowned scholars in state and local finance. Each chapter provides a description of the discipline area, examines major developments in policy, practices and research, and opines on future prospects. The chapters are divided into four sections. Section I is a systematic discussion of the institutional, economic, and political framework that provides a background for understanding the structure and financial performance of the state and local sector. The chapters in Section II provide an overview of the various components of state and local revenue systems and how they reacted to the Great Recession. They analyze the diverse forms of taxes and charges in detail, prescribe remedies and alternatives, and examine the implications for future revenue performance. Chapters in Section III turn to spending, borrowing and financial management in the state and local sector. The focus is on the big six service delivery sectors: education, health care, human services, transportation, pensions, and housing. Section IV is a set of chapters that look ahead and speculate about how the state and local government sector's money-raising, spending, and service delivery structures will adjust to the new circumstances.
Author | : John E. Petersen |
Publisher | : |
Total Pages | : 710 |
Release | : 1978 |
Genre | : Political Science |
ISBN | : |
Download State and Local Government Finance and Financial Management Book in PDF, ePub and Kindle
Author | : Christine Sgarlata Chung |
Publisher | : |
Total Pages | : 116 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download Government Budgets as the Hunger Games Book in PDF, ePub and Kindle
This article examines how obligations associated with public employment (including pensions and OPEB) and obligations associated with complex financial instruments (including derivatives) fit into the puzzle of local government fiscal health. As the recent experiences of Detroit and other distressed municipalities suggest, pension and OPEB obligations and obligations associated with complex, non-traditional securities can strain local government resources, particularly when accompanied by corruption and/or macroeconomic distress. Focusing on the federal securities laws, I advocate for reforms designed to (i) standardized and require compliance with uniform accounting standards in the public sector, so that stakeholders can assess municipal fiscal heath and identify challenges to fiscal stability; (ii) create a data collection resource and oversight body to help identify and manage risks associated with complex financial instruments, (iii) create a data collection resources and oversight body to help identify and management risks associated with public employee compensation (particularly pensions and OPEB), and (iv) expand the reach of the fiduciary standard to a broader range of stakeholders involved in local government financial decision-making, including public officials, underwriters and certain derivatives counterparties.
Author | : Andrew Cunningham McLaughlin |
Publisher | : |
Total Pages | : 784 |
Release | : 2008-06 |
Genre | : |
ISBN | : 9781436817554 |
Download Cyclopedia of American Government V2: Finance-Presentment (1914) Book in PDF, ePub and Kindle
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.
Author | : Yasuyuki Fuchita |
Publisher | : Brookings Institution Press |
Total Pages | : 242 |
Release | : 2007-11-01 |
Genre | : Business & Economics |
ISBN | : 0815729847 |
Download New Financial Instruments and Institutions Book in PDF, ePub and Kindle
A Brookings Institution Press and Nomura Institute of Capital Markets Research publication New financial instruments—such as structured financial products and exchange-traded funds—and new financial institutions—including hedge funds and private-equity funds—present opportunities as well as policy and regulatory challenges in U.S. and Japanese financial markets. This book presents cutting-edge research from experts in academia and the financial industry on new instruments and new institutions while contrasting their developments in the different countries. The contributors highlight the innovative way in which Japanese financiers and government officials have learned from the U.S. regarding the introduction of new instruments into their market. New Financial Instruments and Institutions continues the productive collaboration between the Brookings Institution and the Nomura Institute of Capital Markets Research in examining current issues in capital and financial markets. Contributors include Jennifer Bethel (Babson College),Todd Broms (Managed ETFs, LLC), Frank Edwards (Columbia Business School), Allen Ferrell (Harvard Law School),Yasuyuki Fuchita (Nomura Institute of Capital Markets Research), Gary Gastineau (Managed ETFs, LLC), Ken Lehn (University of Pittsburgh), Josh Lerner (Harvard Business School), Frank Partnoy (University of San Diego Law School), Adam Posen (Institute for International Economics), Ken Scott (Stanford Law School), Steve G. Segal (Boston University, J.W. Childs Associates),Yuta Seki (Nomura Institute of Capital Markets Research, New York), Erik Sirri (Babson College), and Randall Thomas (Vanderbilt Law School).
Author | : James Ackley Maxwell |
Publisher | : |
Total Pages | : 318 |
Release | : 1977 |
Genre | : Business & Economics |
ISBN | : |
Download Financing State and Local Governments Book in PDF, ePub and Kindle