Governing and Financing Cities in the Developing World

Governing and Financing Cities in the Developing World PDF Author: Roy W. Bahl
Publisher:
ISBN: 9781558442993
Category : Municipal finance
Languages : en
Pages : 0

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Book Description
This report identifies the critical issues and describes current practice, the gap between practice and theory, and potential reform paths. Two core issues are explored: how to manage complex vertical and horizontal urban governance structures, and how to raise the finances to promote efficient, equitable, and sustainable metropolitan growth. The report explores local revenue instruments, with a focus on property-based local taxes and user charges, as well as external revenue sources such as intergovernmental transfers, borrowing, public-private partnerships, and international assistance.

Real Estate and the Financial Crisis

Real Estate and the Financial Crisis PDF Author: Anthony Downs
Publisher:
ISBN: 9780874201192
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
"This book explains what happened and why and takes a look at the long-term consequences. Included are public policy responses and the role of the Federal Reserve; additional policy recommendations for the commercial real estate and housing sectors; scenarios for what may occur and what the impacts will be; and a discussion of the new financial era to come." --Book Jacket.

Governing and Financing Cities in the Developing World

Governing and Financing Cities in the Developing World PDF Author: Roy W. Bahl
Publisher:
ISBN: 9781558443839
Category : Municipal finance
Languages : en
Pages : 60

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Book Description
Metropolitan cities are engines of growth and modernization in developing countries. The challenge is in governing these rapidly growing urban agglomerations and financing the operating costs required to meet the needs of the people and businesses. This report explores metropolitan governance and management approaches and assesses various financing tools, including taxes and user charges. It also explores external financing, such as transfers from higher-level government, borrowing, private-public partnerships, and international assistance.

After Redlining

After Redlining PDF Author: Rebecca K. Marchiel
Publisher: University of Chicago Press
ISBN: 0226815862
Category : Business & Economics
Languages : en
Pages : 321

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Book Description
"The story of how American banks helped disenfranchise nonwhite urbanities and condemn to blight the very neighborhoods that needed the most investment is infuriating. And yet, by digging into the history of urban finance, Rebecca Marchiel here illuminates how urban activists changed some banks' behavior to support investment in communities that they had once abandoned. These developments, in turn, affected federal urban policy and reshaped banks' understanding of the role that urban communities play in the financial system. The legacy of reinvestment activism is clouded, but Marchiel's detailing of it transforms our understanding of the history and significance of community/bank relations"--Provided by publisher.

Sovereign Debt Restructuring and Growth

Sovereign Debt Restructuring and Growth PDF Author: Lorenzo Forni
Publisher: International Monetary Fund
ISBN: 1475526520
Category : Business & Economics
Languages : en
Pages : 42

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Book Description
This paper studies the effect of sovereign debt restructurings with external private creditors on growth during the period 1970-2010. We find that there are bad and good (or not so bad) debt restructurings for growth. While growth generally declines in the aftermath of a sovereign debt restructuring, agreements that allow countries to exit a default spell (final restructurings) are associated with improving growth. The impact can be significant. In general, three years after restructuring, growth is about 5 percent lower compared to countries that did not face restructuring over the same period. The exception is for final restructurings, which result in positive growth in the years immediately after the restructuring. Final restructurings tend to be better for growth because they reduce countries’ debt, with the strongest effect for countries that exit restructurings with relatively low debt levels.

From Boom to Bubble

From Boom to Bubble PDF Author: Rachel Weber
Publisher: University of Chicago Press
ISBN: 0226826597
Category : Architecture
Languages : en
Pages : 287

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Book Description
An unprecedented historical, sociological, and geographic look at how property markets change and fail—and how that affects cities. In From Boom to Bubble, Rachel Weber debunks the idea that booms occur only when cities are growing and innovating. Instead, she argues, even in cities experiencing employment and population decline, developers rush to erect new office towers and apartment buildings when they have financial incentives to do so. Focusing on the main causes of overbuilding during the early 2000s, Weber documents the case of Chicago’s “Millennial Boom,” showing that the Loop’s expansion was a response to global and local pressures to produce new assets. An influx of cheap cash, made available through the use of complex financial instruments, helped transform what started as a boom grounded in modest occupant demand into a speculative bubble, where pricing and supply had only tenuous connections to the market. From Boom to Bubble is an innovative look at how property markets change and fail—and how that affects cities.

Lessons for the Urban Century

Lessons for the Urban Century PDF Author: Patricia Clarke Annez
Publisher:
ISBN:
Category :
Languages : en
Pages : 92

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Book Description


Urban Public Finance in Developing Countries

Urban Public Finance in Developing Countries PDF Author: Roy W. Bahl
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 576

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Book Description
And Evaluation of Local Automotive Taxation. 8. Other Urban Taxes. Policy Objectives. Local Income Taxes. General Sales Taxes. Local Taxes on Industry, Commerce, and Professions. "Terminal" Taxes. Local Sumptuary Taxes. Entertainment Taxes. Minor Local Taxes, Licenses, and Fees. Summary and Evaluation -- Pt. III. User Charges for Urban Services. 9. Issues in Pricing Urban Services. The Efficiency Argument for User Charges. Fiscal Considerations and Full Cost Pricing. Income Distribution Considerations. The Politics and Institutions of Public Service Pricing. 10. Charging for Urban Water Services. Pricing Water Supply Services. Sewerage and Drainage. Summary. 11. Charging for Other Urban Services. Electricity and Telephone Services. Collecting and Disposing of Solid Waste. Mass Transit. Housing. Development Charges -- Pt. IV. Intergovernmental Fiscal Relations. 12. The Structure of Urban Governance. Fiscal Decentralization. The National Structure of Urban Government.

Financialising City Statecraft and Infrastructure

Financialising City Statecraft and Infrastructure PDF Author: Andy Pike
Publisher: Edward Elgar Publishing
ISBN: 1788118952
Category : Business & Economics
Languages : en
Pages : 294

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Book Description
Financialising City Statecraft and Infrastructure addresses the struggles of national and local states to fund, finance and govern urban infrastructure. It develops fresh thinking on financialisation and city statecraft to explain the socially and spatially uneven mixing of managerial, entrepreneurial and financialised city governance in austerity and limited decentralisation across England. As urban infrastructure fixes for the London global city-region risk undermining national ‘rebalancing’ efforts in the UK, city statecraft in the rest of the country is having uneasily to combine speculation, risk-taking and prospective venturing with co-ordination, planning and regulation.

Innovative Financing for Development

Innovative Financing for Development PDF Author: Suhas Ketkar
Publisher: World Bank Publications
ISBN: 082137706X
Category : Business & Economics
Languages : en
Pages : 220

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Book Description
Developing countries need additional, cross-border capital channeled into their private sectors to generate employment and growth, reduce poverty, and meet the other Millennium Development Goals. Innovative financing mechanisms are necessary to make this happen. 'Innovative Financing for Development' is the first book on this subject that uses a market-based approach. It compiles pioneering methods of raising development finance including securitization of future flow receivables, diaspora bonds, and GDP-indexed bonds. It also highlights the role of shadow sovereign ratings in facilitating access to international capital markets. It argues that poor countries, especially those in Sub-Saharan Africa, can potentially raise tens of billions of dollars annually through these instruments. The chapters in the book focus on the structures of the various innovative financing mechanisms, their track records and potential for tapping international capital markets, the constraints limiting their use, and policy measures that governments and international institutions can implement to alleviate these constraints.

New Economic Spaces in Asian Cities

New Economic Spaces in Asian Cities PDF Author: Peter W. Daniels
Publisher: Taylor & Francis
ISBN: 113527259X
Category : Architecture
Languages : en
Pages : 322

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Book Description
The East and Southeast Asia region constitutes the world’s most compelling theatre of accelerated globalization and industrial restructuring. Following a spectacular realization of the ‘industrialization paradigm’ and a period of services-led growth, the early twenty-first century economic landscape among leading Asian states now comprises a burgeoning ‘New Economy’ spectrum of the most advanced industrial trajectories, including finance, the knowledge economy and the ‘new cultural economy’. In an agenda-setting volume, New Economic Spaces in Asian Cities draws on stimulating research conducted by a new generation of urban scholars to generate critical analysis and theoretical insights on the New Economy phenomenon within Asia. New industry formation and the transformation of older economic practices constitute instruments of development, as well as signifiers of larger processes of change, expressed in the reproduction of space in the city. Asia’s major cities become the key staging areas for the New Economy, driven by the growing wealth of an urban middle and professional class, higher education institutions, city-based inter-regional movements and urban mega-projects. New Economic Spaces in Asian Cites animates this New Economy discourse by means of vibrant storylines of instructive cities and sites, including cases studies situated in cities such as Tokyo, Seoul, Shanghai, Beijing, Shenzhen, and Singapore. Theoretical and normative issues associated with the emergence of the new cultural economy are the subject of the book’s context-setting chapters, and each case study presents an evocative narrative of development interdependencies and exemplary outcomes on the ground. New Economic Spaces in Asian Cities offers a vivid contribution to our understanding of the ongoing transformation of Asia’s urban system, including the critical intersections of global and local-regional dynamics in processes of new industry formation and the relayering of space in the Asian metropolis. The synthesis of empirical profiles, normative insights, and theoretical reference points enhances the book’s interest for scholars and students in fields of Asian studies, urban and cultural studies, and urban and economic geography, as well as for policy specialists and urban/community planners.