Es ist noch immer nicht endgültig geklärt, wie fiskalische Dezentralisierung die Höhe und Struktur der öffentlichen Ausgaben beeinflusst. Diese Dissertation analysiert daher zwei zusammenhängende Fragen. Erstens werden die Auswirkungen der fiskalischen Dezentralisierung auf die...

The 2007-09 credit crunch has not only created problems for the UK’s public finances in meeting the costs of bailing out commercial banks and dealing with recession but also for providing better public services. This paper analyses the causes of the credit crunch, government policies to...

There are three reasons for attempting to reach a common understanding of the responsibilities of sovereign borrowers and their lenders. First, the flow of capital to sovereign debtors is exceptionally important to the world economy. Industrialized countries rely on it to finance their budget...

The main purpose of this study is to examine the determinants of the corporate choice between different forms of debt financing. By analyzing the most comprehensive sample of U.S. corporate debt issues to date, I find that firms that issue 144A debt have significantly lower credit quality and...

Seit geraumer Zeit wird den ?ffentlichen Haushalten in der Bundesrepublik Deutschland und hierbei insbesondere den Haushaltsdefiziten sowie dem Schuldenstand eine gro?e Aufmerksamkeit zuteil. Dazu beigetragen hat nicht nur der enorme Anstieg der Schulden der ?ffentlichen Hand und die damit...

The research paper is a comparative analysis of the budget revenue in Bulgaria, Croatia, Czech Republic, Poland and Romania, taking into account the main features in light of the contribution of indirect and direct taxes and social contributions to the achievement of public revenues. Theme...

In this paper, we present the processes of public debt development in Kosovo for the period of its functioning, respectively from 2009 until 2018. There is no long history of it, but there is a dynamic constant growth. The methodology used in this paper is based on empirical study analysis, and...

Las Corporaciones Locales han registrado desde 2012 un superávit fiscal, que contrasta con el défi cit registrado en el resto de las Administraciones Públicas. A pesar de la heterogeneidad en la composición del sector, esta mejora en las fi nanzas públicas se extiende a una amplia mayoría...