Finance

Financing Pro-poor Governance in Africa

Financing Pro-poor Governance in Africa
in Karen Millet, Dele Olowu and Robert Cameron (eds), Local Governance and Poverty Reduction in Africa (Tunis: Joint Africa Institute of the African Development Bank)

Smoke, P.
01/01/2006

Defines key lessons on financing pro-poor governance based on cases from Latin America, Asia and Africa (Colombia, Indonesia, Kenya and Uganda). The starting point for pro-poor fiscal decentralisation is that its major goals should be improved governance and performance, specifically, higher efficiency and equity in service delivery, economic development, and poverty alleviation. The enabling environment for fiscal decentralisation involves first the functions and the resources that might normally be allocated to local governments. Second, it can include alternative models and mechanisms to finance local governments, including intergovernmental transfers, markets, capital and donor financing.

Is Retirement Being Remade? Developments in Labor Market Patterns at Older Ages

Is Retirement Being Remade? Developments in Labor Market Patterns at Older Ages
Managing Retirement Payouts edited by John Amerikis and Olivia Mitchell.

Chan, S.
01/01/2006

As Baby Boomers make the transition into their 60s, they have focused policymakers and the media's attention onto how this generation will manage the retirement phase of its lifetime. This volume acknowledges that many, though not all, in this older cohort have accumulated substantial assets, so for them, the question is what will they do with what they have?

We offer a detailed exploration of how people entering retirement will deploy their accumulated assets in the near and long term, so to best meet their myriad spending, investment, and other objectives. The book offers readers an invaluable study of emerging issues regarding assets and expectations on the verge of retirement, including uncertainty regarding life expectancy and morbidity. It is composed of chapters from a distinguished set of authors including a Nobel Laureate and a wonderful mix of academics and practitioners from the legal, financial, and economic fields.

 

Evidence Based Financial Management - What Are We Waiting For?

Evidence Based Financial Management - What Are We Waiting For?
Research in Healthcare Financial Management, Vol. 9, No. 1,

Finkler, S.A.
06/01/2005

Comments on the use of evidence-based approach in the area of health care financial management. Limitation of benchmarking; Barriers to the introduction of evidence-based financial management in health care; Responsibility of health care financial management educators.

The Economics of Microfinance

The Economics of Microfinance
Harvard University. MIT Press: Cambridge,

Morduch, J. & Armendariz de Aghion, B.
06/01/2005

The microfinance revolution, begun with independent initiatives in Latin America and South Asia starting in the 1970s, has so far allowed 65 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. This comprehensive survey of microfinance seeks to bridge the gap in the existing literature on microfinance between academic economists and practitioners. Both authors have pursued the subject not only in academia but in the field; Beatriz Armendáriz de Aghion founded a microfinance bank in Chiapas, Mexico, and Jonathan Morduch has done fieldwork in Bangladesh, China, and Indonesia. The authors move beyond the usual theoretical focus in the microfinance literature and draw on new developments in theories of contracts and incentives. They challenge conventional assumptions about how poor households save and build assets and how institutions can overcome market failures. The book provides an overview of microfinance by addressing a range of issues, including lessons from informal markets, savings and insurance, the role of women, the place of subsidies, impact measurement, and management incentives. It integrates theory with empirical data, citing studies from Asia, Africa, and Latin America and introducing ideas about asymmetric information, principal-agent theory, and household decision making in the context of microfinance. The Economics of Microfinance can be used by students in economics, public policy, and development studies. Mathematical notation is used to clarify some arguments, but the main points can be grasped without the math. Each chapter ends with analytically challenging exercises for advanced economics students.

The New York Transportation Journal

The New York Transportation Journal
Spring 2005, Vol. 8, No. 2.

Sander, E.G., Publisher & de Cerreño, A.L.C, Sterman, B.P., (eds).
04/01/2005

This issue includes testimony given by NYU Wagner Rudin Center Director, Elliot G. Sander at a joint hearing of the New York State Senate Finance and Assembly Ways and Means Committees. Also included is an interview with Congressman Earl Blumenauer (D-OR) on Federal funding, as well as an article focusing on Staten Island's unique transportation issues.

Choices at a Critical Junction: New York's Mobility and Highway Infrastructure Needs for 2005-2010

Choices at a Critical Junction: New York's Mobility and Highway Infrastructure Needs for 2005-2010
Rudin Center for Transportation Policy and Management, NYU Robert F. Wagner Graduate School of Public Service, March

Schaller, B.
03/01/2005

The report is an analysis of the $17.4 billion capital budget currently proposed for the New York State Department of Transportation for the next five years, and in particular the $5.9 billion proposed for the downstate area. In its review of bridge and roadway trends, the study finds that the improvements in roadways and bridges achieved during the 1990's have begun to erode over the last few years, and the capital budget, as it is currently proposed, would fail to reverse the erosion. The report was written by Bruce Schaller, a Visiting Scholar at NYU Wagner's Rudin Center, who has experience in highway, transit and taxi issues in New York and nationally. Schaller has authored reports on East River bridge tolls, suburban transit access to Lower Manhattan, commuting and the growth of non-work travel in New York City, MTA fare policy and bus rapid transit and numerous other topics.

School Finance Court Cases and Disparate Racial Impact: The Contribution of Statistical Analysis in New York

School Finance Court Cases and Disparate Racial Impact: The Contribution of Statistical Analysis in New York
Education and Urban Society, February 2005, Vol. 37, No. 2, pp 151-173.

Stiefel, L., Schwartz, A.E., Berne, R. & Chellman, C.
02/01/2005

Although analyses of state school finance systems rarely focus on the distribution of funds to students of different races, the advent of racial discrimination as an issue in school finance court cases may change that situation. In this article, we describe the background, analyses, and results of plaintiffs' testimony regarding racial discrimination in Campaign for Fiscal Equity Inc. v. State of New York. Plaintiffs employed multiple regression and public finance literature to show that New York State's school finance system had a disparate racial impact on New York City students. We review the legal basis for disparate racial impact claims, with particular emphasis on the role of quantitative statistical work, and then describe the model we developed and estimated for the court case. Finally, we discuss the defendants' rebuttal, the Court's decision, and conclude with observations about the role of analysis in judicial decision making in school finance.

Financial Management for Public, Health, and Not-for-Profit Organizations

Financial Management for Public, Health, and Not-for-Profit Organizations
2nd Edition, Prentice Hall, Upper Saddle River, NJ, 672 pages.

Finkler, S.A.
01/01/2005

This is one of the only books available that addresses financial and managerial accounting within the framework of the three major areas of the public sector. Clear and comprehensive, Finkler's unique and accessible text provides the fundamentals of financial management for those who lack a financial background so that readers can access and apply financial information more effectively. Details the many aspects of strategic and budgetary planning. Outlines the processes involved in implementing and controlling results. Features aspects of accounting unique for Health Care, not-for-profit organizations and state and local governments. Explains balance sheets, operating and cash flow statements. Provides basic foundation for financial analysis. For managers and policy-makers in public service organizations who want to make more efficient use of their organization's financial information.

The Redevelopment of Lower Manhattan: The Role of the City

The Redevelopment of Lower Manhattan: The Role of the City
The Contentious City: The Politics of Recovery in New York City edited by John Mollenkopf. Sage Foundation,

Moss, M.
01/01/2005

The attack on the World Trade Center reinforced a process of change in lower Manhattan that had been under way for at least the past fifty years. The public and private responses to the destruction wrought on September 11 have provided the funds, organizational capacity, and public commitment to do what a previous generation of municipal planners tried to accomplish, with only partial success: creating a mixed residential and office community in what was once New York City's dominant financial and business district. Federal aid to rebuild lower Manhattan has been the catalyst for modernizing and expanding its mass transit systems and facilities, providing low-cost financing for converting obsolete office buildings into housing, improving pedestrian movement, investing public funds in parks and cultural institutions, and subsidizing the creation of new public schools. This chapter examines the key public and private organizations that have shaped this redevelopment and the implications for the future of lower Manhattan and for office development in the rest of New York City.

Health Care Reform in France - The Birth of State-Led Managed Care

Health Care Reform in France - The Birth of State-Led Managed Care
New England Journal of Medicine, Vol. 351, pp. 2259-2262.

Rodwin, V.G. & Le Pen, C.
11/01/2004

The World Health Organization recently ranked the French health care system the best in the world.1 Although the methods and data on which this assessment was based have been criticized, there are good grounds for being impressed by the French system. Yet in August 2004, with the national health insurance (NHI) system facing a severe financial crisis, France enacted Minister of Health Philippe Douste-Blazy's reform plan. Like previous efforts at health care reform, this one seeks to preserve a system of comprehensive benefits, which is supported by the major stakeholders.

Pages

Subscribe to Finance