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Author: Martin Melecky
Publisher: World Bank Publications
ISBN: 1464816689
Category : Business & Economics
Languages : en
Pages : 271
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Book Description
The COVID-19 crisis, which has sent economies in South Asia and around the world into a deep recession, has highlighted South Asia’s rising debt levels and sizable hidden liabilities. State-owned enterprises, state-owned commercial banks, and public-private partnerships have been at the center of the rising debt wave and the latest pandemic response. Historically,South Asia has relied on these direct public interventions more than other regions. The interventions have helped governments tackle key development challenges and rapidly deliver relief measures during crises. However, because of their inefficiencies and weak governance, the interventions are also a significant source of public indebtedness and macrofinancial risks. Hidden Debt examines the trade-off between tackling development challenges through direct state presence in the market and avoiding unsustainable debt due to economic inefficiencies of such off†“balance sheet operations, which greatly leverage public capital. The study recommends a reform agenda based on the four interrelated principles of purpose, incentives, transparency, and accountability (PITA). The reforms can mitigate the risks that off†“balance sheet operations will become the source of the next financial crisis in South Asia.
Author: Martin Melecky
Publisher: World Bank Publications
ISBN: 1464816689
Category : Business & Economics
Languages : en
Pages : 271
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Book Description
The COVID-19 crisis, which has sent economies in South Asia and around the world into a deep recession, has highlighted South Asia’s rising debt levels and sizable hidden liabilities. State-owned enterprises, state-owned commercial banks, and public-private partnerships have been at the center of the rising debt wave and the latest pandemic response. Historically,South Asia has relied on these direct public interventions more than other regions. The interventions have helped governments tackle key development challenges and rapidly deliver relief measures during crises. However, because of their inefficiencies and weak governance, the interventions are also a significant source of public indebtedness and macrofinancial risks. Hidden Debt examines the trade-off between tackling development challenges through direct state presence in the market and avoiding unsustainable debt due to economic inefficiencies of such off†“balance sheet operations, which greatly leverage public capital. The study recommends a reform agenda based on the four interrelated principles of purpose, incentives, transparency, and accountability (PITA). The reforms can mitigate the risks that off†“balance sheet operations will become the source of the next financial crisis in South Asia.
Author: I. Rizzo
Publisher: Springer Science & Business Media
ISBN: 9400919581
Category : Business & Economics
Languages : en
Pages : 138
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Book Description
Some years ago, when Principal and Professor of Economics at the infant Univer sity of Buckingham, Britain's only independent university, I was intrigued to receive an application, supported by strong recommendations from a Signora Ilde Rizzo, who wished to take some courses in public finance. As she was already an of Catania, noted for its expertise in the economics of Assistant at the University public finance, my colleagues and I brushed aside her modest request to attend undergraduate courses and enrolled her in our new graduate course. We also hoped that she might, in time, be able to gain experience in teaching and writing in English. Dr. Rizzo exceeded our highest expectations. She presented the first D. Phil thesis ever at Buckingham and defended it with consummate success. This work is a revised and extended version of her thesis, and it is a pleasure to congratu late Dr. Rizzo on its appearance, and also her publisher for recognizing its qUality. It will come as no surprise to the reader that Dr. Rizzo has already published extensively in Italian and also in English, but this is her first book in the latter language. I am glad to think that Dr. Rizzo's thesis arose out of our mutual interest in the question as to whether debt financing offered governments a major opportunity for maintaining the growth of public spending.
Author: Amy Larkin
Publisher: St. Martin's Griffin
ISBN: 9781137279200
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
For decades, politicians and business leaders alike told the American public that our most important challenge was growing the economy, and that environmental protection could be left to future generations. Now, in the wake of billions of dollars in costs associated with coastal devastation from Hurricane Sandy, rampant wildfires across the West, and groundwater contamination from reckless drilling, it's increasingly clear that yesterday's carefree attitude about the environment has morphed into a fiscal crisis of epic proportions. Environmental Debt argues that the costs of global warming, extreme weather, pollution, and other forms of "environmental debt" are wreaking havoc on the economy. To combat these trends, author Amy Larkin proposes a new framework for twenty-first century commerce, based on three principles: 1) Pollution can no longer be free; 2) All business decision making and accounting must incorporate the long view; and 3) Government must play a vital role in catalyzing clean technology and growth while preventing environmental destruction. Profiling the multinational corporations that are transforming their operations with downright radical initiatives, Larkin presents smart policy choices that would actually unleash these business solutions to many global financial and environmental problems.
Author: Russell Napier
Publisher: Harriman House Limited
ISBN: 0857199153
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
In the space of a few months, across Asia, a miracle became a nightmare. This was the Asian Financial Crisis of 1995–98. In this economic crisis hundreds of people died in rioting, political strong men were removed and hundreds of billions of dollars were lost by investors. This crisis saw the US dollar value of some Asian stock markets decline by ninety percent. Why did almost no one see it coming? The Asian Financial Crisis 1995–98 charts Russell Napier’s personal journey during that crisis as he wrote daily for institutional investors about an increasingly uncertain future. Relying on contemporaneous commentary, it charts the mistakes and successes of investors in the battle for investment survival in Asia from 1995–98. This is not just a guide for investors navigating financial markets, but also an explanation of how this crisis created the foundations of an age of debt that has changed the modern world.
Author: S. E. Al Djazairi
Publisher:
ISBN: 9781717900951
Category :
Languages : en
Pages : 349
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Book Description
Many non Muslim scholars and world leading figures, Prince Charles most particularly, have recognised both the decisive impact of Islamic science on modern civilisation and its general neglect in historical and other narratives.This book aims to correct such a neglect and to show the strong Islamic impact on sciences, the arts, architecture, industry, trade and finance as well as literature. The books shows the places, and chronicles the times, of impact.This is the only work in any language that has looked at this issue in such a detailed manner.It relies on the use of hundreds of sources of references both old and recent.
Author: Brooks Newmark
Publisher:
ISBN: 9781906996116
Category : Debts, Public
Languages : en
Pages : 7
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Book Description
Author: I Rizzo
Publisher:
ISBN: 9789400919594
Category :
Languages : en
Pages : 148
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Book Description
Author: J. Edward Ketz
Publisher: John Wiley & Sons
ISBN: 0471468479
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
An insider's guide to understanding and eliminating accounting fraud How do these high-profile accounting scandals occur and what could have been done to prevent them. Hidden Financial Risk fills that void by examining methods for off balance sheet accounting, with a particular emphasis on special purpose entities (SPE), the accounting ruse of choice at Enron and other beleaguered companies. J. Edward Ketz identifies the incentives for managers to deceive investors and creditors about financial risk and also shows investors how to protect their investments in a world filled with accounting and auditing frauds. J. Edward Ketz, PhD (State College, PA) is MBA Faculty Director and Associate Professor of Accounting at Penn State's Smeal College of Business. He has been cited in the press nearly 300 times since Enron's bankruptcy, including The New York Times, The Wall Street Journal, and The Washington Post.. He has a regular column in Accounting Today.
Author: Frances Williams
Publisher: Createspace Independent Publishing Platform
ISBN: 9781545483817
Category :
Languages : en
Pages : 92
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Book Description
Do you feel frustrated with your credit? Do you feel hopeless with trying to raise your credit? Have you paid off negative collection or charge-off accounts but still can't get approved for new credit? Hidden Credit Repair Secrets is a tell-all book that will teach you the hidden credit repair secrets that industry leading credit repair expert, Frances Williams, has been using to challenge questionable negative accounts on hundreds of client's credit reports. In these pages you will discover:� How to identity and remove negative items on your credit report.� How to effectively communicate with each credit bureau to challenge erroneous reporting information� How to obtain credit with low credit scores� How the 5 factors of the FICO scoring model can benefit you and your journey towards better creditIf you are ready to move into your new home, drive your dream car, and increase your credit score then this step by step credit repair guide is for you. Don't settle for bad or even fair credit turn open to page one and start working towards a higher credit score today.
Author: Ronald M. Green
Publisher: State University of New York Press
ISBN: 1438404735
Category : Philosophy
Languages : en
Pages : 327
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Book Description
