State Fiscal Management : What Practitioners Can Learn from Risk Management Theory

In recent years, scholars have developed new analytical tools and financial instruments that could help governments cope more effectively with financial volatility. In this essay we show how states can achieve fiscal sustainability using financial instruments based upon mean-variance analysis: present-value balance, revenue diversification, macroeconomic hedging, self-insurance, etc. In this essay, we explain these tools and show how they fit together

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Year of publication:	[2006]
Authors:	Thompson, Fred
Other Persons:	Gates, Bruce (contributor)
Publisher:	[2006]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (17 p)
Type of publication:	Book / Working Paper
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 20, 2006 erstellt
Other identifiers:	10.2139/ssrn.879784 [DOI]
Classification:	H71 - State and Local Taxation, Subsidies, and Revenue ; H72 - State and Local Budget and Expenditures ; H74 - State and Local Borrowing ; F34 - International Lending and Debt Problems
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012734594