Core assumptions underlying the micro portfolio approach to public debt management -- A public finance framework for long-term sovereign funding decisions -- Recommendations for broader debt management objectives -- A new approach to model the shape and dynamics of the term structure of interest...

Die kommunale Verschuldung und die daraus resultierende Zinsbelastung nehmen stetig zu, so dass es einer Vorgehensweise bedarf, welche entweder die Zinslast senkt oder sie zumindest mit ihren Risiken transparent macht, wenn die Gemeinden langfristig handlungsfähig bleiben wollen. Johannes...

The European public debt problem was in the making long before the 2007-2009 recession, as budget deficits had become endemic. A similar crisis is now developing in America, where the same fundamental causes have been at work. The Public Debt Problem analyzes the situation of public debts in...

The International Handbook of Public Financial Management is a virtual encyclopedia of public financial management, written by topmost experts, many with a background in the IMF and World Bank. It provides the first comprehensive guide to the subject that has been published in more than ten...

This book analyzes the relative balance of bargaining power between governments and the banks in charge of underwriting their debt during the first financial globalization. Brazil and Mexico, both indebted countries that underwent major changes in reputation and negotiating power as they faced...

Restructuring the balance sheets of Western governments, banks and households is an important issue in the recovery after the recent crisis. Chorafas' latest book focuses on sovereign debt, sovereign risk and the developing economic and financial business climate and explains why the year of the...

Chapter 1. Introduction -- Chapter 2. Public Debt Management: Reflections on Strategy & Structure -- Chapter 3. Cash Management System -- Chapter 4. Debt Management by Central Government -- Chapter 5. Financial Regulation and Public Debt Management -- Chapter 6. Cash and Debt Management in --...

Recognizing increasing returns disrupts much of the established wisdom in economic analysis, making money non-neutral, equity conflict with freedom, and encouraging goods with increasing returns efficient. This book discusses these problems and ways they can be handled, helping to explain...