Handbook of debt management:
Gespeichert in:
Weitere Verfasser: | |
---|---|
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
New York, NY [u.a.]
Dekker
1996
|
Schriftenreihe: | Public administration and public policy
60 |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | XVIII, 955 S. graph. Darst. |
ISBN: | 0824793889 |
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Datensatz im Suchindex
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adam_text | Contents
Preface v
Contributors Xv
PART I: STATE AND LOCAL DEBT MANAGEMENT
Section A: State and Local Debt Management
1. South Carolina v. Baker 1
2. Preserving the Federal-State—Local Partnership: The Role of Tax-Exempt Financing 13
Anthony Commission on Public Finance
3. Municipal Debt Finance: Implications of Tax Exempt Municipal Bonds 57
Peter Fortune
4. The Role of Federal Taxation in the Supply of Municipal Bonds: Evidence from Municipal 109
Governments
Gilbert E. Metcalf
5. Do Tax-Exempt Bonds Really Subsidize Municipal Capital? 121
Roger H. Gordon and Gilbert E. Metcalf
6. Nothing Is Certain but Debt and Taxes: The Conditional Irrelevance of Municipal 129
Capital Structure
G. Marc Choate and Fred Thompson
7. Public Authorities and Government Debt: Practices and Issues 141
Jerry Mitchell
Section B: Budgeting for Capital Assets
8. Risk Assessment in Government Capital Budgeting 161
Gerald J. Miller
9. Capital Investment Strategy 183
Gerald J. Miller
10. Strategic Planning and Capital Budgeting: A Primer 207
Arie Halachmi and Gerasimos A. Gianakis
xi
xH CONTENTS
11. State Capital Budgeting: The Case of New Jersey Under Thomas Kean 237
William H. Eldridge
Section C: Formatting Debt Policy
12. State and Local Debt Policy and Management 255
James R. Ramsey and Merl Hackbart
13. Developing Formal Debt Policies 277
Richard Larkin and James C. Joseph
14. Understanding and Forecasting Condition or Ability to Repay Debt: Report of the Capital Debt 283
Affordability Committee on Recommended Debt Authorizations for Fiscal Year 1993
Capital Debt Affordability Committee, State of Maryland
15. City Debt Policy: Policy Options Analysis for Debt Service, Capital Program, and Bond 323
Schedule
City of Dallas Department of Budget and Management Services
16. Intergovernmental Cooperation Produces a Comprehensive Debt Management Program in 357
Saint Paul, Minnesota
Gary Norstrem, Greg Blees, and Eugene Schiller
Section D: New Issue Financing
17. The Pay-As-You-Go Concept in Municipal Financing 363
Bernard Smith
18. State Practices for Financing Capital Projects 369
United States General Accounting Office
19. Stability and Turnover in Self-Serving Debt Networks 379
Gerald J. Miller
20. Choosing an Underwriter for a Negotiated Bond Sale 395
Tom McLoughlin
Section E: Issue Structure
21. Municipal Bond Issue Structuring 401
Amy v. Puelz
Section F: Disclosure
22. The Objectives of Municipal Disclosure: Epitomizing the Issuer s Credit Quality 433
Thomas A. Dorsey
23. Municipal Securities Disclosure: Amendments to U.S. Securities and Exchange Commission 445
Rule 15c2-12
United States Securities and Exchange Commission
Section G: Rating Debt
24. Municipal Bond Ratings and Municipal Debt Management 475
Anthony L. Loviscek and Frederick D. Crowley
25. Formal Regulatory Handle Needed for NRSRO Designation: Part 1 515
Richard Y. Roberts
26. Formal Regulatory Handle Needed for NRSRO Designation: Part II 521
Richard Y. Roberts
CONTENTS xiH
27. Information Needed for Rating Municipal Bonds and Notes 527
28. The Role of Economic Factors in Moody s Credit Analysis 535
Edward Krauss and Alfred Medioli
29. The Role of Financial Factors in Moody s Credit Analysis 539
Paul Devine and Robert W. Stanley
30. The Role of Administrative Factors in Moody s Credit Analysis 543
Michael Johnston
31. The Role of Debt Position and Debt Management in Moody s Credit Analysis 545
Steven Bocamazo
32. The Role of Legal Factors in Moody s Credit Analysis 549
James H. Burr and Katherine McManus
Section H: Marketing, Sale, and Underwriting
33. Bid Evaluation for Competitive Bond Sales: NIC vs. TIC 553
Tom McLoughlin
34. The Valuation of Municipal Bond Bids: Four Solutions 557
Harold Bierman, Jr.
35. Applying the Bierman Technique: Municipal Bond Bid Valuation 561
Robert W. Zinn
36. Understanding the Underwriting Spread 569
California Debt Advisory Commission
Section I: Managing Accumulated Debt
37. Tax-Exempt Debt and U.S. Department of Treasury Regulations 575
George J. Whelan and Michele M. Patrick
38. The Anatomy of a Municipal Bond Default 587
W. Bartky Hildreth
PART II: NATIONAL DEBT MANAGEMENT
Section A: Where National Debt Conies From
39. Current and Capital Budgets 605
A. Premchand
40. Capital Budgeting for the Federal Government: Managing the Deficit by Redefinition 611
JohnLMikesell
41. Federal Deficits and Financing the National Debt 615
Marcia Lynn Whicker
42. The Debt Burden: What You Don t See 651
John B. Carlson
Section B: Principles of Debt Management
43. Government Debt Management 657
Organization for Economic Cooperation and Development
44. An Essay on Principles of Debt Management 693
James Tobin
xiv CONTENTS
45. Principles of Debt Management 737
Earl R. Rolph
46. How to Manage the National Debt: A Symposium 749
Seymour E. Harris
47. Notes on Managing the Public Debt 753
Lawrence H. Seltzer
48. Government Debt and Private Investment Policy 757
Charles C. Abbott
49. Debt Management and Inflation 761
Richard A. Afusgrave
50. Comments on the Symposium 767
Alvin H. Hansen
51. Managing the Public Debt 771
D. Keith Sill
52. Indexed Bonds as an Aid to Economic Policy 781
Robert L Hetzel
Section C: Debt Sales in the United States
53. Treasury Auction Issues 793
United States Department of the Treasury, United States Securities and Exchange Commission,
and Board of Governors of the Federal Reserve System
54. How the U.S. Treasury Should Auction Its Debt 825
V. V. Chari and Robert J. Weber
55. An Analysis of Potential Treasury Auction Techniques 835
Vincent R. Reinhart
56. Auctioning Treasury Securities 847
E. J. Stevens and Diana Dumitru
Section D: Is Debt Ever Repaid?
57. Can the Government Roll Over Its Debt Forever? 853
Andrew B. Abel
APPENDICES
Appendix I: Study Outline: Municipal Securities Representative Qualification Examination 865
Municipal Securities Rulemaking Board
Appendix II: Study Outline: Municipal Securities Principal Qualification Examination 881
Municipal Securities Rulemaking Board
Appendix III: Glossary of Municipal Securities Terms 891
Municipal Securities Rulemaking Board
Index 947
|
adam_txt |
Contents
Preface v
Contributors Xv
PART I: STATE AND LOCAL DEBT MANAGEMENT
Section A: State and Local Debt Management
1. South Carolina v. Baker 1
2. Preserving the Federal-State—Local Partnership: The Role of Tax-Exempt Financing 13
Anthony Commission on Public Finance
3. Municipal Debt Finance: Implications of Tax Exempt Municipal Bonds 57
Peter Fortune
4. The Role of Federal Taxation in the Supply of Municipal Bonds: Evidence from Municipal 109
Governments
Gilbert E. Metcalf
5. Do Tax-Exempt Bonds Really Subsidize Municipal Capital? 121
Roger H. Gordon and Gilbert E. Metcalf
6. Nothing Is Certain but Debt and Taxes: The Conditional Irrelevance of Municipal 129
Capital Structure
G. Marc Choate and Fred Thompson
7. Public Authorities and Government Debt: Practices and Issues 141
Jerry Mitchell
Section B: Budgeting for Capital Assets
8. Risk Assessment in Government Capital Budgeting 161
Gerald J. Miller
9. Capital Investment Strategy 183
Gerald J. Miller
10. Strategic Planning and Capital Budgeting: A Primer 207
Arie Halachmi and Gerasimos A. Gianakis
xi
xH CONTENTS
11. State Capital Budgeting: The Case of New Jersey Under Thomas Kean 237
William H. Eldridge
Section C: Formatting Debt Policy
12. State and Local Debt Policy and Management 255
James R. Ramsey and Merl Hackbart
13. Developing Formal Debt Policies 277
Richard Larkin and James C. Joseph
14. Understanding and Forecasting Condition or Ability to Repay Debt: Report of the Capital Debt 283
Affordability Committee on Recommended Debt Authorizations for Fiscal Year 1993
Capital Debt Affordability Committee, State of Maryland
15. City Debt Policy: Policy Options Analysis for Debt Service, Capital Program, and Bond 323
Schedule
City of Dallas Department of Budget and Management Services
16. Intergovernmental Cooperation Produces a Comprehensive Debt Management Program in 357
Saint Paul, Minnesota
Gary Norstrem, Greg Blees, and Eugene Schiller
Section D: New Issue Financing
17. The Pay-As-You-Go Concept in Municipal Financing 363
Bernard Smith
18. State Practices for Financing Capital Projects 369
United States General Accounting Office
19. Stability and Turnover in Self-Serving Debt Networks 379
Gerald J. Miller
20. Choosing an Underwriter for a Negotiated Bond Sale 395
Tom McLoughlin
Section E: Issue Structure
21. Municipal Bond Issue Structuring 401
Amy v. Puelz
Section F: Disclosure
22. The Objectives of Municipal Disclosure: Epitomizing the Issuer's Credit Quality 433
Thomas A. Dorsey
23. Municipal Securities Disclosure: Amendments to U.S. Securities and Exchange Commission 445
Rule 15c2-12
United States Securities and Exchange Commission
Section G: Rating Debt
24. Municipal Bond Ratings and Municipal Debt Management 475
Anthony L. Loviscek and Frederick D. Crowley
25. Formal Regulatory Handle Needed for NRSRO Designation: Part 1 515
Richard Y. Roberts
26. Formal Regulatory Handle Needed for NRSRO Designation: Part II 521
Richard Y. Roberts
CONTENTS xiH
27. Information Needed for Rating Municipal Bonds and Notes 527
28. The Role of Economic Factors in Moody's Credit Analysis 535
Edward Krauss and Alfred Medioli
29. The Role of Financial Factors in Moody's Credit Analysis 539
Paul Devine and Robert W. Stanley
30. The Role of Administrative Factors in Moody's Credit Analysis 543
Michael Johnston
31. The Role of Debt Position and Debt Management in Moody's Credit Analysis 545
Steven Bocamazo
32. The Role of Legal Factors in Moody's Credit Analysis 549
James H. Burr and Katherine McManus
Section H: Marketing, Sale, and Underwriting
33. Bid Evaluation for Competitive Bond Sales: NIC vs. TIC 553
Tom McLoughlin
34. The Valuation of Municipal Bond Bids: Four Solutions 557
Harold Bierman, Jr.
35. Applying the Bierman Technique: Municipal Bond Bid Valuation 561
Robert W. Zinn
36. Understanding the Underwriting Spread 569
California Debt Advisory Commission
Section I: Managing Accumulated Debt
37. Tax-Exempt Debt and U.S. Department of Treasury Regulations 575
George J. Whelan and Michele M. Patrick
38. The Anatomy of a Municipal Bond Default 587
W. Bartky Hildreth
PART II: NATIONAL DEBT MANAGEMENT
Section A: Where National Debt Conies From
39. Current and Capital Budgets 605
A. Premchand
40. Capital Budgeting for the Federal Government: Managing the Deficit by Redefinition 611
JohnLMikesell
41. Federal Deficits and Financing the National Debt 615
Marcia Lynn Whicker
42. The Debt Burden: What You Don't See 651
John B. Carlson
Section B: Principles of Debt Management
43. Government Debt Management 657
Organization for Economic Cooperation and Development
44. An Essay on Principles of Debt Management 693
James Tobin
xiv CONTENTS
45. Principles of Debt Management 737
Earl R. Rolph
46. How to Manage the National Debt: A Symposium 749
Seymour E. Harris
47. Notes on Managing the Public Debt 753
Lawrence H. Seltzer
48. Government Debt and Private Investment Policy 757
Charles C. Abbott
49. Debt Management and Inflation 761
Richard A. Afusgrave
50. Comments on the Symposium 767
Alvin H. Hansen
51. Managing the Public Debt 771
D. Keith Sill
52. Indexed Bonds as an Aid to Economic Policy 781
Robert L Hetzel
Section C: Debt Sales in the United States
53. Treasury Auction Issues 793
United States Department of the Treasury, United States Securities and Exchange Commission,
and Board of Governors of the Federal Reserve System
54. How the U.S. Treasury Should Auction Its Debt 825
V. V. Chari and Robert J. Weber
55. An Analysis of Potential Treasury Auction Techniques 835
Vincent R. Reinhart
56. Auctioning Treasury Securities 847
E. J. Stevens and Diana Dumitru
Section D: Is Debt Ever Repaid?
57. Can the Government Roll Over Its Debt Forever? 853
Andrew B. Abel
APPENDICES
Appendix I: Study Outline: Municipal Securities Representative Qualification Examination 865
Municipal Securities Rulemaking Board
Appendix II: Study Outline: Municipal Securities Principal Qualification Examination 881
Municipal Securities Rulemaking Board
Appendix III: Glossary of Municipal Securities Terms 891
Municipal Securities Rulemaking Board
Index 947 |
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spelling | Handbook of debt management ed. by Gerald J. Miller New York, NY [u.a.] Dekker 1996 XVIII, 955 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Public administration and public policy 60 Finanzwirtschaft Finance, Public -- United States -- Handbooks, manuals, etc Debts, Public -- United States -- Handbooks, manuals, etc Local finance -- United States -- Handbooks, manuals, etc Debt Management (DE-588)4121127-3 gnd rswk-swf USA Debt Management (DE-588)4121127-3 s DE-604 Miller, Gerald 1947- (DE-588)124348971 edt Public administration and public policy 60 (DE-604)BV000005829 60 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016872770&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Handbook of debt management Public administration and public policy Finanzwirtschaft Finance, Public -- United States -- Handbooks, manuals, etc Debts, Public -- United States -- Handbooks, manuals, etc Local finance -- United States -- Handbooks, manuals, etc Debt Management (DE-588)4121127-3 gnd |
subject_GND | (DE-588)4121127-3 |
title | Handbook of debt management |
title_auth | Handbook of debt management |
title_exact_search | Handbook of debt management |
title_exact_search_txtP | Handbook of debt management |
title_full | Handbook of debt management ed. by Gerald J. Miller |
title_fullStr | Handbook of debt management ed. by Gerald J. Miller |
title_full_unstemmed | Handbook of debt management ed. by Gerald J. Miller |
title_short | Handbook of debt management |
title_sort | handbook of debt management |
topic | Finanzwirtschaft Finance, Public -- United States -- Handbooks, manuals, etc Debts, Public -- United States -- Handbooks, manuals, etc Local finance -- United States -- Handbooks, manuals, etc Debt Management (DE-588)4121127-3 gnd |
topic_facet | Finanzwirtschaft Finance, Public -- United States -- Handbooks, manuals, etc Debts, Public -- United States -- Handbooks, manuals, etc Local finance -- United States -- Handbooks, manuals, etc Debt Management USA |
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