Local government finance in Japan: can irresponsible borrowing be avoided?
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Duisburg
Univ., Fachbereich Wirtschaftswiss.
2004
|
| Series: | Duisburger Arbeitspapiere zur Ostasienwirtschaft
72 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 31 S. graph. Darst. |
Staff View
MARC
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| 245 | 1 | 0 | |a Local government finance in Japan |b can irresponsible borrowing be avoided? |c Frank Robaschik ; Naoyuki Yoshino |
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Record in the Search Index
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|---|---|
| adam_text | LOCAL GOVERNMENT FINANCE N JAPAN: CAN IRRESPONSIBLE BORROWING BE
AVOIDED?
1
INTRODUCTION................................................................................................................
1
2 JUSTIFICATIONS FOR GOVERNMENT BORROWING
.................................................................
2
2.1 BORROWING FOR PUBLIC INVESTMENT (*PAY AS YOU USE*
CONCEPT)................................2
2.2 KEYNESIAN FISCAL
POLICY..........................................................................................3
2.3 INDIVIDUAL PROFITABILITY OF A
PROJECT.........................................................................4
2.4 TAX
SMOOTHING......................................................................................................4
3 PROBLEMS OF GOVERNMENT
BORROWING........................................................................5
3.1 SYSTEMATIC INCENTIVE PROBLEMS OF GOVERNMENT
BORROWING....................................5
3.2 CROWDNG
OUT.........................................................................................................6
3.2.1 CROWDING OUT THROUGH THE PRICE EFFECT OF RISING INTEREST RATES
***.****6
3.2.2 CROWDING OUT THROUGH WEALTH EFFECT
...............................................................
7
3.2.3 JAPAN: POSSIBLE CROWDING OUT THROUGH FINANCIAL INSTITUTIONS...7
3.3 POTENTIALLY LOW PRODUCTIVITY OF ADDITIONAL GOVERNMENT SPENDING
*********8
3.4 RISK OF
INFLATION.....................................................................................................
9
3.5
SUSTAINABILITY.........................................................................................................9
4 THE JAPANESE SYSTEM OF LOCAL GOVERNMENT BORROWING
..........................................
9
4.1 GENERAL CHARACTERISTICS OF LOCAL FINANCE IN JAPAN
................................................
9
4.2 THE TRADITIONAL SYSTEM OF LOCAL GOVERNMENT
BORROWING........................................12
4.3 ABOLISHMENT OF THE APPROVAL SYTEM FROM FY 2006
...........................................
13
4.4 JOINT ISSUES OF LOCAL GOVERNMENT BONDS AND THE INTRODUCTION OF
MINI-BONDS.. 13
5 INTERNATIONAL EXPERIENCES WITH LOCAL GOVERNMENT B O R R O W I N G . .
. . ...15
6 A PROPOSAL: THE INTRODUCTION OF USER BASED REVENUE
7 IS LOCAL GOVERNMENT BORROWING STABLE? A GENERATION
MODEL..............................17
7.1 PRODUCTION
FUNCTION.............................................................................................
17
7.2 THE DYNAMICS OF LOCAL GOVERNMENT DEBT OF A LOCAL
AUTHORITY..... ...... 17
7.3 STABILITY OF THE
DEBT.............................................................................................19
7.3.1 CASE OF INCREASE OF REGULAR LOCAL GOVERNMENT
DEBT....................................19
7.3.2 CASE OF INCREASE OF REVENUE BONDS
ISSUES................................................21
7.3.3 THE INTRODUCTION OF REVENUE BONDS IMPROVES SUSTAINABILITY
*****.*..*23
7.3.4 FINANCING BY REVENUE BONDS CASE IS HIGHLY LIKELY TO BE SUSTAINABLE
***24
8 DISCUSSING ADEQUATE REWARDING OF INVESTORS N REVENUE
BONDS_ _. __ .25
9 TOWARDS A NEW SYSTEM OF LOCAL GOVERNMENT
REVENUES........................................27
10
SUMMARY.................................................................................................................
28
11
BIBLIOGRAPHY...........................................................................................................
29
|
| adam_txt |
LOCAL GOVERNMENT FINANCE N JAPAN: CAN IRRESPONSIBLE BORROWING BE
AVOIDED?
1
INTRODUCTION.
1
2 JUSTIFICATIONS FOR GOVERNMENT BORROWING
.
2
2.1 BORROWING FOR PUBLIC INVESTMENT (*PAY AS YOU USE*
CONCEPT).2
2.2 KEYNESIAN FISCAL
POLICY.3
2.3 INDIVIDUAL PROFITABILITY OF A
PROJECT.4
2.4 TAX
SMOOTHING.4
3 PROBLEMS OF GOVERNMENT
BORROWING.5
3.1 SYSTEMATIC INCENTIVE PROBLEMS OF GOVERNMENT
BORROWING.5
3.2 CROWDNG
OUT.6
3.2.1 CROWDING OUT THROUGH THE PRICE EFFECT OF RISING INTEREST RATES
***.****6
3.2.2 CROWDING OUT THROUGH WEALTH EFFECT
.
7
3.2.3 JAPAN: POSSIBLE CROWDING OUT THROUGH FINANCIAL INSTITUTIONS.7
3.3 POTENTIALLY LOW PRODUCTIVITY OF ADDITIONAL GOVERNMENT SPENDING
*********8
3.4 RISK OF
INFLATION.
9
3.5
SUSTAINABILITY.9
4 THE JAPANESE SYSTEM OF LOCAL GOVERNMENT BORROWING
.
9
4.1 GENERAL CHARACTERISTICS OF LOCAL FINANCE IN JAPAN
.
9
4.2 THE TRADITIONAL SYSTEM OF LOCAL GOVERNMENT
BORROWING.12
4.3 ABOLISHMENT OF THE APPROVAL SYTEM FROM FY 2006
.
13
4.4 JOINT ISSUES OF LOCAL GOVERNMENT BONDS AND THE INTRODUCTION OF
MINI-BONDS. 13
5 INTERNATIONAL EXPERIENCES WITH LOCAL GOVERNMENT B O R R O W I N G . .
. . .15
6 A PROPOSAL: THE INTRODUCTION OF USER BASED REVENUE
7 IS LOCAL GOVERNMENT BORROWING STABLE? A GENERATION
MODEL.17
7.1 PRODUCTION
FUNCTION.
17
7.2 THE DYNAMICS OF LOCAL GOVERNMENT DEBT OF A LOCAL
AUTHORITY.". 17
7.3 STABILITY OF THE
DEBT.19
7.3.1 CASE OF INCREASE OF REGULAR LOCAL GOVERNMENT
DEBT.19
7.3.2 CASE OF INCREASE OF REVENUE BONDS
ISSUES.21
7.3.3 THE INTRODUCTION OF REVENUE BONDS IMPROVES SUSTAINABILITY
*****.*.*23
7.3.4 FINANCING BY REVENUE BONDS CASE IS HIGHLY LIKELY TO BE SUSTAINABLE
***24
8 DISCUSSING ADEQUATE REWARDING OF INVESTORS N REVENUE
BONDS_""_."_"""""".25
9 TOWARDS A NEW SYSTEM OF LOCAL GOVERNMENT
REVENUES.27
10
SUMMARY.
28
11
BIBLIOGRAPHY.
29 |
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| geographic | Japan (DE-588)4028495-5 gnd |
| geographic_facet | Japan |
| id | DE-604.BV022965452 |
| illustrated | Illustrated |
| index_date | 2024-07-02T19:06:29Z |
| indexdate | 2024-07-09T21:08:44Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016169770 |
| oclc_num | 254163665 |
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| physical | 31 S. graph. Darst. |
| publishDate | 2004 |
| publishDateSearch | 2004 |
| publishDateSort | 2004 |
| publisher | Univ., Fachbereich Wirtschaftswiss. |
| record_format | marc |
| series | Duisburger Arbeitspapiere zur Ostasienwirtschaft |
| series2 | Duisburger Arbeitspapiere zur Ostasienwirtschaft |
| spelling | Robaschik, Frank 1970- Verfasser (DE-588)120649373 aut Local government finance in Japan can irresponsible borrowing be avoided? Frank Robaschik ; Naoyuki Yoshino Duisburg Univ., Fachbereich Wirtschaftswiss. 2004 31 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Duisburger Arbeitspapiere zur Ostasienwirtschaft 72 Gemeindefinanzwirtschaft (DE-588)4071675-2 gnd rswk-swf Japan (DE-588)4028495-5 gnd rswk-swf Japan (DE-588)4028495-5 g Gemeindefinanzwirtschaft (DE-588)4071675-2 s DE-604 Yoshino, Naoyuki Verfasser aut Duisburger Arbeitspapiere zur Ostasienwirtschaft 72 (DE-604)BV008866833 72 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016169770&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Robaschik, Frank 1970- Yoshino, Naoyuki Local government finance in Japan can irresponsible borrowing be avoided? Duisburger Arbeitspapiere zur Ostasienwirtschaft Gemeindefinanzwirtschaft (DE-588)4071675-2 gnd |
| subject_GND | (DE-588)4071675-2 (DE-588)4028495-5 |
| title | Local government finance in Japan can irresponsible borrowing be avoided? |
| title_auth | Local government finance in Japan can irresponsible borrowing be avoided? |
| title_exact_search | Local government finance in Japan can irresponsible borrowing be avoided? |
| title_exact_search_txtP | Local government finance in Japan can irresponsible borrowing be avoided? |
| title_full | Local government finance in Japan can irresponsible borrowing be avoided? Frank Robaschik ; Naoyuki Yoshino |
| title_fullStr | Local government finance in Japan can irresponsible borrowing be avoided? Frank Robaschik ; Naoyuki Yoshino |
| title_full_unstemmed | Local government finance in Japan can irresponsible borrowing be avoided? Frank Robaschik ; Naoyuki Yoshino |
| title_short | Local government finance in Japan |
| title_sort | local government finance in japan can irresponsible borrowing be avoided |
| title_sub | can irresponsible borrowing be avoided? |
| topic | Gemeindefinanzwirtschaft (DE-588)4071675-2 gnd |
| topic_facet | Gemeindefinanzwirtschaft Japan |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016169770&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV008866833 |
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