All contributions have been exclusively invited for this publication. They represent a weaving of interdependent themes of Development and Public Finance and are sequentially arranged to reflect their interrelationships. Some of the important topics analyzed by the articles are: divestment and privatization; financial transaction tax; carbon tax; fiscal federalism; goods and service tax; decentralization; social policy; and climate change.
Not only is this volume academically rich, it also has an entire section where Dr Chelliah′s peers and colleagues talk about him and how they saw him-the man they variously describe as a great scholar, a brilliant economist, and an indomitable crusader.
Sovereign wealth funds (SWFs) aren't new, but they are often misunderstood. As they've attracted more attention over the last decade and grown greatly in size, the need for a new and thorough resource on SWFs has never been greater. These funds will only grow more important over the coming years. In this book, expert authors who work in the industry present a comprehensive look at SWFs from the perspective of western investors.
Matching the breadth of interest of Professor Shoup’s life-long work in the field, this collection of essays covers the range of modern thinking on public finance from theoretical concepts such as public goods to eminently practical fiscal issues like value added tax. The traditional but still relevant fiscal issues—government accounting, international taxation, taxation in developing countries, metropolitan fiscal problems, income taxation, and tax structure—are discussed along with new concerns such as modern public expenditure theory and environmental theory.
The book will be a useful addition to university and college libraries and will prove invaluable to public finance scholars and others interested in modern thinking on vital fiscal issues.
Co-published by the Chartered Institute of Public Finance and Accountancy (CIPFA), the world's leading professional public finance accountancy body, International Public Financial Management: Essentials of Public Sector Accounting provides an expert introduction to public sector accounting and finance. This book was conceived to accompany CIPFA’s International Public Financial Management (IPFM) qualifications as a resource for students that seeks to capture the essential elements of the modules they study, and reflects good practice as put forward by CIPFA in its examination syllabuses.
Students of public management and public sector accounting will find this a useful text. Practitioners working in the public sector will also find this concise book vital reading in seeking value for money in providing public services.
Consider these phenomena:Savers at surplus countries are often “penalized” by astronomical consumer prices, while spenders at debtor countries enjoy bargain basement prices;Silicon Valley continues to be the global leader in R&D and innovation despite chaos in public finance; andSurplus countries worry about holding potentially worthless IOUs issued by elected debtor governments.
In this book, Professor Lee has tried to better understand sovereign wealth management in the context of saver and debtor countries, by presenting a unified model that can explain these observed phenomena. His attempt is a clear departure from traditional theories, in which these observations would be considered aberrations from “standard assumptions”. Although no model is perfect, this new framework can be useful to explain why, for example, it will be bad economic news for all if saver countries use their public surpluses to hoard food and fuel.
This accessible book is built from a scholarly paper presented by Professor Lee at the venerable Annual Meeting of the American Economic Association.Contents:Overview:Are SWFs Potential Causes for Concern?Research on SWF InvestingImplications to Global ImbalancesShould there be Structural Solutions prior to Launching Rescue Attempts?Can Sovereign Wealth Funds Save the Global Economy?Potential Policy ImplicationsSummaryPast Realities:Brief History of Sovereign Wealth ManagementFactors Impacting Investing BehaviorRisk and Performance AnalysisSummaryEvolving Roles:IntroductionAbstract Model of Global EconomyPotential Outcomes of Policy InterventionsImplications to SWF InvestingSummaryFuture Directions:Evolving Global Financial LandscapeThinking AheadInvestment Policy ImplicationsSummaryConclusions
“Students, researchers and professionals interested in international finance, investments or money and banking will find this highly useful.”Credit Control