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Business Taxation, Corporate Finance, and Economic Performance  

Christian Keuschnigg and Evelyn Ribi

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article offers an overview of how different company decisions are affected by various tax policy instruments when some firms are financially constrained due to agency problems between ... More

Domestic Financial Development in Latin America  

José María Fanelli

Print publication date:
Jul 2011
Online publication date:
Sep 2012
This chapter discusses the problems of domestic financial development in Latin America. The second section analyses a set of stylized facts concerning the Latin American financial system ... More

The East Asian (mostly Japanese) model of Capitalism  

Hiroyuki Odagiri

Print publication date:
Apr 2012
Online publication date:
Nov 2012
This article discusses the East Asian model of capitalism, contrasting it with the textbook version of capitalism, which in most cases is based on an Anglo–American model, and illustrates ... More

Entrepreneurial Finance in Weak Institutional Environments  

David Lingelbach

Print publication date:
Mar 2012
Online publication date:
Sep 2012
Entrepreneurs and their financiers in emerging and developing countries face a diversity of challenges and opportunities that often differ from those faced by their counterparts in ... More

The Evolving Financial Architecture of State And Local Governments  

Sally Wallace

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article addresses the impact on state and local budgets of the underlying trends and tensions facing state and local governments as the United States pulls out of the Great Recession. ... More

Financial Emergencies: Default and Bankruptcy  

James E. Spiotto

Print publication date:
Mar 2012
Online publication date:
Sep 2012
The Great Recession and its aftermath resurrected concerns that state and local governments would begin to default on their obligations. Many feared that the long and successful history of ... More

Financial Markets and State and Local Governments  

John E. Petersen and Richard Ciccarone

Print publication date:
Mar 2012
Online publication date:
Sep 2012
Subnational governments are important players in the financial markets, both as issuers of debt securities that pay for infrastructure and as investors that invest funds in the private ... More

Fiscal Policy Transparency  

Iain Begg

Print publication date:
Oct 2014
Online publication date:
Dec 2014
Public expenditure and taxation are at the core of the relationship between governments and citizens. Yet transparency in fiscal policy has been relatively neglected, compared to its ... More

Government Financial-Reporting Standards: Reviewing the Past and Present, Anticipating the Future  

Craig D. Shoulders and Robert J. FreeMan

Print publication date:
Mar 2012
Online publication date:
Sep 2012
Winnowing out and compiling the critical financial information and reporting it on a timely and accurate basis are arduous and often controversial tasks. Starting off with a brief ... More

Implications Of a Federal Value-Added Tax for State and Local Governments  

Harley T. Duncan

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article addresses the question as to whether the United States may join many other central governments in enacting a national value-added taxes (VAT). The idea of a federal VAT, which ... More

Inside the Bank Box: Evidence on Interest-Rate Pass-Through and Monetary Policy Transmission  

Leonardo Gambacorta and Paul Mizen

Print publication date:
Apr 2019
Online publication date:
Mar 2019
Central bank policy operates first through financial markets and then through banks as they adjust their interest rates. This chapter discusses the transmission of policy in this first step ... More

Leveraged Buyouts and Public-to-Private Transactions  

Luc Renneboog

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article analyzes leveraged buyouts and public-to-private (PTP) transactions. It studies the literature and data on announcement returns for public-to-private transactions and considers ... More

Local Revenue Diversification: User Charges, Sales Taxes, and Income Taxes  

David L. Sjoquist and Rayna Stoycheva

Print publication date:
Mar 2012
Online publication date:
Sep 2012
From broad-based taxes on sales and income and employer payrolls, to fees and charges on school lunches, medical equipment, parking, etc., few topics take us into more aspects of public ... More

Monetary Policy Committees and Voting Behavior  

Sylvester Eijffinger, Ronald Mahieu, and Louis Raes

Print publication date:
Apr 2019
Online publication date:
Mar 2019
In this chapter we suggest to use Bayesian ideal point estimation to analyze voting in monetary policy committees. Using data from the Riksbank we demonstrate what this entails and we ... More

Peaks and Troughs: Economics and Political Economy of Central Bank Independence Cycles  

Donato Masciandaro and Davide Romelli

Print publication date:
Apr 2019
Online publication date:
Mar 2019
This chapter investigates the endogenous evolution of central bank institutional design over the past four decades. From a theoretical perspective, it employs a stylized political economy ... More

The Politics of Global Financial Markets in Latin America  

Daniela Campello

Print publication date:
May 2012
Online publication date:
Nov 2012
This article focuses on the mechanisms that underlie the confidence game between government and markets in a scenario of increased capital mobility. Section 2 begins by putting the recent ... More

Private Equity and Public Corporations  

Jerry Cao

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article studies public equity and public corporations. It analyzes reverse leveraged buyouts, which are the initial public offerings (IPOs) of firms that have been previously bought ... More

Public Employee Pensions and Investments  

Siona Listokin-Smith

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article surveys the landscape of state and local retirement systems and assembles a long list of policy ideas and concerns. On average, public pension funds are in trouble, and the ... More

Refounding Capitalism  

Edmund S. Phelps

Print publication date:
Apr 2012
Online publication date:
Nov 2012
This article addresses the following questions: What is capitalism? What is the distinctive merit of a well-functioning capitalism? Can dynamism justify capitalism? It considers how the ... More

State and Local Government Finance: Why It Matters  

Serdar Yilmaz, François Vaillancourt, and Bernard Dafflon

Print publication date:
Mar 2012
Online publication date:
Sep 2012
This article lays out the economists' view of why state and local government matters. To establish the economic framework, the article systematically works through the seminal contributions ... More

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