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...

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...

This book offers a concise but thorough analysis of the International Monetary Fund reform debate. Since the advent of the Asian financial crisis in the late 1990s, a lengthy deliberation has ensued over whether the IMF should be reformed, abolished, or left as is. The authors approach this...

This book presents an overview of the economics and politics implemented in the European Union and especially the Eurozone during the crisis of 2008-2012. Although it focuses on these four years, the analysis starts from the establishment of the European Union and covers the period up to the...

Introduction -- Determinants of Institutional Quality: a Case Study of IMF Programme Countries -- Institutional Quality, Macroeconomic Stabilization and Economic Growth: a Case Study of IMF Programme Countries -- IMF Programmes and Institutional Quality Determinants: Economic Scenarios in...

Liam Clegg provides an innovative reading of where power lies in the institutions' concessional lending operations, drawing its focus on shareholders and stakeholders from staffs' own understandings of their operational environments

This book examines the role that the IMF has played in the management of financial crises in developed nations. The topic is of particular significance in light of the global financial crisis that emerged following the collapse of American sub-prime mortgage markets in 2007, and the subsequent...

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...

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 --...

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...