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State and Local Financial Instruments
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.
Information Resolution and Subnational Capital Markets
Subnational capital finance -- A theory of subnational government capital market information -- Review of literature on subnational government borrowing -- System-level information resolution and contractibility -- Information resolution, information content, and city debt -- Understanding, managing, and communicating credit fundamentals -- Three contexts of information resolution reforms -- Subnational government capital financing : lessons for policy and practice.
State and Local Financial Instruments
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
Municipal Corruption
This book represents the most comprehensive exploration of corruption in U.S. municipal governments written to date. Exploring the 30-year time period from 1990 to 2020 and including all U.S. municipalities with populations of 10,000 people or more, Municipal Corruption: From Policies to People uses both quantitative research and case study analysis to answer the question of why some municipalities fall victim to corrupt acts, while others do not. It tells the stories of a number of communities that suffered through public corruption, investigating factors that contribute to a greater risk of corruption in municipalities, and identifying steps to prevent corruption in communities—including strengthening resident interest and involvement in local affairs, offsetting the decline in local journalism, and reinforcing scrutiny by state governments. Municipal Corruption is ideal supplemental reading for courses on ethics, public affairs, local government, and urban affairs, and it will be immeasurably useful to municipalities considering how to better insulate themselves and their constituents from corrupt acts.
Swiss Finance
How could a small country in the middle of Europe, surrounded by much bigger countries and economic giants like Germany and France and in direct competition with North American and Asian rivals, develop world-class, cutting-edge financial markets? Swiss Finance answers this question, separating myth from reality, by explaining how Switzerland managed dramatic pressures brought to bear on its financial markets during the past two decades, perhaps none of them so great as the: · Competitive challenges caused by changes in Switzerland's banking secrecy laws and practices, · Shifting tide of new wealth generation toward Asia (e.g., China, Singapore, and South Korea), · Burdensome federal stamp and withholding taxes, and · Digitalization of the financial services industry, including cybersecurity, cryptocurrencies, smart contracts, central bank digital currencies, the FinTech revolution, and DLT applications. Swiss Finance thoroughly analyzes Swiss financial markets’ successes and challenges. It covers critical topics for practitioners and academics to fully understand this unique development in world financial markets and private wealth administration.
Federalism in China and Russia
The book offers a comparative analysis of center-region relations in Russia and in China. The authors focus in particular on fiscal ties and incentives, bureaucratic and local government practices, flows of information, and the determinants of divergence between both countries. The book is based on a synthesis of a large body of empirical and theoretical evidence, and will appeal to scholars in public economics, political economy and comparative politics, as well as to students and policy analysts.
Multi-level Finance and the Euro Crisis
Representing a unique contribution to the analysis and discussion of the unfolding Eurozone crisis in terms of the relationship between central and local government, this book addresses a number of important fiscal and political economy questions. To what extent have local and regional governments contributed to the crisis? To what degree have sub-national services and investments borne the brunt of the adjustments? How have multi-level fissures affected tensions between different levels of government from the supranational to the local? This volume covers these and many other critical issues that have been largely ignored despite their relevance. The book first addresses general issues of f...
Local Accountability and National Coordination in Fiscal Federalism
This book argues that fiscal federalism will consistently deliver on its governance promises only when democratic decentralization is combined with the integration of political parties. It formalizes this argument and, using new data on subnational political institutions, tests it with models of education, health, and infrastructure service delivery in 135 countries across 30 years. It also presents comparative case studies of Senegal and Nigeria. The book emphasizes that a “fine balance” in local governance can be achieved when integrated party structures compensate for the potential downsides of a decentralized state.
Power and Identity in the Post-Soviet Realm
With the dissolution of the Soviet Union and the demise of the Cold War’s bipolar world order, Soviet successor states on the Russian periphery found themselves in a geopolitical vacuum, and gradually evolved into a specific buffer zone throughout the 1990s. The establishment of a new system of relations became evident in the wake of the Baltic States’ accession to the European Union in 2004, resulting in the fragmentation of this buffer zone. In addition to the nations that are more directly connected to Zwischeneuropa (i.e. ‘In-Between Europe’) historically and culturally (Belarus, Moldova, Ukraine), countries beyond the Caucasus (Azerbaijan, Georgia, Armenia), as well as the state...
The Character of American Democracy
This illuminating examination of democratic ethics is “a resource for Americans who are seeking ways to secure our democracy and our future as a nation” (Congressman John Lewis). Ethical leadership, steeped in integrity and fairness, matters. The future of our nation and our world depends upon the quality of America’s character. In this absorbing look at our contemporary society and government, former Indiana congresswoman Jill Long Thompson persuasively argues that we all have a meaningful role to play in shaping America’s character and future. The citizenry, as well as their elected officials, are responsible for protecting fairness of participation and integrity in elections, as well as in the adoption and execution of laws. In this troubling time when the public is losing trust and confidence in our government, Jill Long Thompson shows us a bipartisan way forward.
