John Wigley and Carol Lipman: The Enterprise Economy
|
|
- Byron Montgomery
- 5 years ago
- Views:
Transcription
1 Taxation
2 ECONOMICS TODAY Edited by Andrew Leake The Ecanomics Today series surveys contemporary headline topics in applied economics. Each book in the series is written by an expert in the field in a style that is fluently readable. It serves the student of introductory economic principles while also making the subject accessible to a more general reader. The series embraces the problem-solving skills of the new generation of students and stresses the importance of real-world issues and the significance of economic ideas. Published Andrew Leake: The Economic Question Jean-Louis Barsoux and Peter Lawrence: The Challenge of British Management Andy Beharrell: Unemployment and Job Creation Frank Burchill: Labour Relations Kenneth Durham: The New City S.F. Goodman: The European Community Jenny Wales: Investigating Social Issues Margaret Wilkinson: Taxation Forthcoming John Wigley and Carol Lipman: The Enterprise Economy Series Standing Order If you would like to receive future titles in this series as they are published, you can make use of our standing order facility. To place a standing order please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address and the name of the series. Please state with which title you wish to begin your standing order. (If you live outside the UK we may not have the rights for your area, in which case we will forward your order to the publisher concerned.) Standing Order Service, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire, RG21 2XS, England.
3 TAXATION Margaret Wilkinson M MACMILLAN
4 Margaret Wilkinson 1992 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London W1P 9HE. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published 1992 by THE MACMILLAN PRESS LTD Houndmills, Basingstoke, Hampshire RG21 2XS and London Companies and representatives throughout the world ISBN ISBN (ebook) DOI / A catalogue record for this book is available from the British Library.
5 Contents List of Tables and Figures Acknowledgements xi VIll 1 What are Taxes For? 1 What is a Tax? 1 Why Not Print Money? 4 Markets Fail 6 Incomes and Jobs 11 A Large Role 14 2 Judging Taxes 15 Equity 16 Efficiency 22 Other Principles 25 Conflicts 33 3 Supply-Side Economics or Demand Management? 35 The Budget 35 The Supply Side 36 Demand Management 44 Supply Incentives or Demand Manipulation? 48
6 vi Contents 4 Is Britain Overtaxed? 50 UK Taxes 50 Revenue Growth 54 Britain and Other Countries 57 Are We Over-taxed? 61 5 Who Pays? 62 Impact, Shifting, Incidence 62 The Rich and the Poor 66 Families' Taxes 68 Fair Shares 79 6 Income Tax: Incentives and Other Problems 80 Income Tax and CGT 81 Tax and Incentives: Income Tax and Labour Supply 85 The Tax Unit: Sex and Status 93 Tax Breaks: Tax Expenditures 95 Reforming Income Tax 99 7 Taxing Spending 101 Taxes on Goods and Services 101 Specific Duties 110 Indirect Taxes and Europe 113 Equity, Efficiency and Revenue Making Corporations Pay 119 Business Taxes 119 Corporation Tax Principles 120 UK Corporation Tax 123 More Problems 129 Conclusion: Did the 1984 Reforms Go Too Far? Paying for Social Security 133 Social Security 133 National Insurance 135 How Taxes and Benefits Interact 144 Reform 149
7 Contents vii 10 What About the Wealthy? 154 Wealth and Property and How to Tax Them 155 Property Taxes in Practice 157 Property Taxes in DECD Countries 161 Taxing Wealth in Britain 163 What Should We Do? Local Taxes 170 Central and Local Government 170 Finance for Local Government 175 Local Government Finance in Britain: The Rates 181 The Community Charge and the Uniform Business Rate 185 The Future Tax Reform 192 Tax Reform in Practice 192 Tax Reform in Theory: The Direct Tax Base 195 Conclusions 199 References 203 Index 206
8 List of Tables and Figures Tables 2.1 UK Tax Collecting Costs, UK Tax Receipts, Tax Revenue as a Percentage of GDP at Market Prices, Party in Power, UK, Tax Revenue as Percentage of GDP at Market Prices, OECD Countries, Tax Revenue as a Percentage of GDP at Market Prices, UK, and Averages for OECD, OECD Europe, EEC, Taxes as Percentages of Gross Income for a Sample of Four Households, Income Tax, Employees' NICs and Domestic Rates as Percentages of Gross Income for each Ouintile Group of Non-Retired Households, Indirect Taxes as Percentages of Disposable Income for each Ouintile Group of Non-Retired Households, Customs and Excise Revenues, UK, A Demonstration of How a Tax on Value Added is Equal to a Tax on Retail Sales Excise Duties in Certain EC Countries, April NIC Rates, Employees and Employers, viii
9 List of Tables and Figures ix 9.2 Total NICs Payable at Different Income Levels, Employer and Employee, Estimates of Proportions of Total Tax Revenues Collected from Taxes on Property Distribution of Personal Wealth among the Adult Population, Provisional Estimates, UK, Local Revenue from Rates and Grants, UK, Figures 1.1 Market Failure and the Role of Taxation The Classical Labour Market and Production Function The Effect of Supply-Side Policies on Employment and Output Physical and Economic Transformation Curves The Laffer Curve and the Economic Transformation Curve 43 Deficient Demand 46 Principal Tax Revenues as Proportions of Total Tax Revenue, UK, 1965, 1975, UK Tax Revenues as a Percentage of GDP at Factor Cost, 1965, 1975, The Incidence of a Tax on Sales 65 Effective Rates of Tax under the Most and Least Progressive Assumptions, USA, Marginal and Average Rates of Income Tax, Single Person, Earned Income, UK, Marginal and Average Rates of Income Tax, Single Person, UK, Individual Labour Supply Curves 87 Effect of Income Tax: Worker's Response, Employer's Perspective 88 Supply-Side Analysis: The Effect of Taxation on Aggregate Labour Supply and Output 89 External Costs and Corrective Taxes 103 Incidence of Duty and Tax on Specific Goods, Corporation Tax Revenues and North Sea Oil Revenues as Percentages of Total Tax Revenues, UK,
10 x Taxation 9.1 National Insurance Schedule for Employees Not Contracted Out, pre-1985, and 1989 onwards Marginal Rate of Tax for a Married Man Not Contracted Out of SERPS, The Poverty Trap The Poverty Trap Before and After the 1988 Social Security Reforms The Relationship of Net Rates to Net Household Income in Great Britain
11 Acknowledgements The author and publishers wish to thank the following for permission to use copyright material: Fiscal Publications for table, 'UK Tax Collecting Costs ', from Administrative and Compliance Costs of Taxation, by C. T. Sandford, M. Godwin and P. Hardwick, The Controller of Her Majesty's Stationery Office for material from Economic Trends, May 1990, and UK National Accounts. The Institute for Fiscal Studies for 'Excise Duties in Certain EC Countries, April 1986' in Fiscal Harmonisation: An Analysis of the European Commission Proposals, by C. Lee, M. Pearson and S. R Smith, IFS Report, Series 28, Organisation for Economic Co-operation and Development for three tables from Revenue Statistics in OECD Member Countries, , OECD, Paris, Every effort has been made to trace all the copyright-holders, but if any have been inadvertently overlooked the publishers will be pleased to make the necessary arrangement at the first opportunity. xi
Investigating Social Issues
Investigating Social Issues ECONOMICS TODAY Edited by Andrew Leake The Economics Today series surveys contemporary headline topics in applied economics. Each book in the series is written by an expert
More informationInternational Papers in Political Economy
International Papers in Political Economy International Papers in Political Economy Series Series Editors: Philip Arestis and Malcolm Sawyer Titles include: Philip Arestis and Malcolm Sawyer (editors)
More informationEUROPEAN MACROECONOMICS
EUROPEAN MACROECONOMICS EUROPEAN MACROECONOMICS Robert Barro and Vittorio Grilli M MACMILLAN Robert J. Barro and Vittorio Grilli 1994 All rights reserved. No reproduction, copy or transmission of this
More informationPLANNING PUBLIC SPENDING IN THE UK
PLANNING PUBLIC SPENDING IN THE UK Other books by Grahame Walshe International Monetary Reform Mergers and Concentration in British Industry (with P. E. Hart and M.A. Utton) Recent Trends in Monopoly in
More informationThe Reform of Macroeconomic Policy
The Reform of Macroeconomic Policy Also by f. 0. N. Perkins A GENERAL APPROACH TO MACROECONOMIC POLICY ANTI-CYCLICAL POLICY IN AUSTRALIA AUSTRALIA IN THE WORLD ECONOMY AUSTRALIAN MACROECONOMIC POLICY,
More informationLENDING IN INTERNATIONAL COMMERCIAL BANKING
LENDING IN INTERNATIONAL COMMERCIAL BANKING INTERNATIONAL BANKING SERIES Published by Palgrave Macmillan General Editor: Steven I. Davis Steven I. Davis THE MANAGEMENT OF INTERNATIONAL BANKS T. H. Donaldson
More informationTrade, Investment and Competition in International Banking
Trade, Investment and Competition in International Banking This page intentionally left blank Trade, Investment and Competition in International Banking Aidan O Connor Aidan O Connor 2005 Softcover reprint
More informationGCSE. Accounting. D. E. Turner P. H. Turner MACMILLAN
GCSE Accounting GCSE Accounting D. E. Turner P. H. Turner M MACMILLAN D. E. Turner and P. H. Turner 1991 All rights reserved. No reproduction, copy or transmission of this publication may be made without
More informationLeveraged Exchange-Traded Funds
Leveraged Exchange-Traded Funds Leveraged Exchange- Traded Funds A Comprehensive Guide to Structure, Pricing, and Performance Narat Charupat and Peter Miu LEVERAGED EXCHANGE-TRADED FUNDS Copyright Narat
More informationDO WORLD BANK AND IMF POLICIES WORK?
DO WORLD BANK AND IMF POLICIES WORK? Also by Shahrukh Rafi Khan HANDING BACK RURAL WATER SUPPLY SCHEMES TO COMMUNITIES: A Case for Collective Action JUST DEVELOPMENT: Beyond Adjustment with a Human Face
More informationPROJECT ANALYSIS IN DEVELOPING COUNTRIES
PROJECT ANALYSIS IN DEVELOPING COUNTRIES This page intentionally left blank Project Analysis in Developing Countries Steve Curry Lecturer, Development and Project Planning Centre University of Bradford
More informationMIDDLE-CLASS BLACKS IN BRITAIN
MIDDLE-CLASS BLACKS IN BRITAIN Middle -Class Blacks in Britain A Racial Fraction of a Class Group or a Class Fraction of a Racial Group? Sharon J. Daye M St. Martin's Press Sharon J. Daye 1994 Softcover
More informationTHE REGIONAL DISTRIBUTION OF FOREIGN MANUFACTURING INVESTMENT IN THE UK
THE REGIONAL DISTRIBUTION OF FOREIGN MANUFACTURING INVESTMENT IN THE UK Also by Stephen Hill FUNDAMENTALS OF MANAGERIAL ECONOMICS (with Julian Gough) MANAGERIAL ECONOMICS TIME, WORK AND ORGANISATION (with
More informationFiscal Sustainability and Competitiveness in Europe and Asia
Fiscal Sustainability and Competitiveness in Europe and Asia This page Intentionally left blank Fiscal Sustainability and Competitiveness in Europe and Asia Ramkishen S. Rajan Adjunct Senior Research Fellow,
More informationEquity Derivatives Explained
Equity Derivatives Explained Financial Engineering Explained About the series Financial Engineering Explained is a series of concise, practical guides to modern finance, focusing on key, technical areas
More informationECONOMICS OF THE PUBLIC SECTOR
ECONOMICS OF THE PUBLIC SECTOR Econon1ics of the Public Sector D.I. Trotman-Dickenson, PhD, MSc. (Econ.), B. Com. Professor Emeritus, University of Glamorgan ~ MACMILLAN D.I. Trotman-Dickenson 1996 All
More informationMASTERING ACCOUNTING
MASTERING ACCOUNTING MACMILLAN MASTER SERIES Accounting Arabic Astronomy Australian History Background to Business Basic English Law Basic Management Biology British Politics Business Communication Business
More informationBANCASSURANCE IN EUROPE
BANCASSURANCE IN EUROPE Also by Tobias C. Hoschka CROSS-BORDER ENTRY IN EUROPEAN RETAIL FINANCIAL SERVICES Bancassurance in Europe Tobias C. Hoschka E. C. Research Fellow University ofoxford MSt. Martin's
More informationA GUIDE TO UNEMPLOYMENT REDUCTION MEASURES
A GUIDE TO UNEMPLOYMENT REDUCTION MEASURES Also by Edwin Whiting HOW TO GET YOUR EMPLOYMENT COSTS RIGHT A GUIDE TO BUSINESS PERFORMANCE MEASUREMENTS A Guide to Unemployment Reduction Measures Edwin Whiting
More informationRegionalism among Developing Countries
Regionalism among Developing Countries Also by Sheila Page HOW DEVELOPING COUNTRIES TRADE TRADE, FINANCE AND DEVELOPING COUNTRIES: Strategies and Constraints in the 1990s MONETARY POLICY IN DEVELOPING
More informationTHE SEPARATION OF COMMERCIAL AND INVESTMENT BANKING The Glass-Steagall Act Revisited and Reconsidered
THE SEPARATION OF COMMERCIAL AND INVESTMENT BANKING The Glass-Steagall Act Revisited and Reconsidered STUDIES IN BANKING AND INTERNATIONAL FINANCE Published by Macmillan in association with the Department
More informationMacmillan Work Out Series. Accounting. A-Level
Macmillan Work Out Series Work Out Accounting A-Level The titles in this series For GCSE examinations Accounting Biology Business Studies Chemistry Computer Studies Economics English French Geography German
More informationAlso by Francis A. Lees
CHINA SUPERPOWER Also by Francis A. Lees BANKING AND FINANCIAL DEEPENING IN BRAZIL (with James M. Botts and Rubens Penha Cysne) FOREIGN BANKING AND INVESTMENT IN THE UNITED STATES GLOBAL FINANCE INTERNATIONAL
More informationMACROECONOMICS An Introductory Text
Macroeconomics MACROECONOMICS An Introductory Text John Evans-Pritchard B.Sc. Econ. M MACMILLAN John Evans-Pritchard 1985 Softcover reprint of the hardcover 1st edition 1985 978-0-333-39058-0 All rights
More informationStructural Revolution in International Business Architecture
Structural Revolution in International Business Architecture Structural Revolution in International Business Architecture Modelling and Analysis: Volume 1 Dipak Basu Nagasaki University, Japan Victoria
More informationMarketing in the Emerging Markets of Latin America
Marketing in the Emerging Markets of Latin America Also by Marin Marinov MARKETING IN THE EMERGING MARKETS OF CENTRAL AND EASTERN EUROPE: The Balkans INTERNATIONALIZATION IN CENTRAL AND EASTERN EUROPE
More informationSmall Countries in a Global Economy
Small Countries in a Global Economy Also by Dominick Salvatore INTERNATIONAL ECONOMICS (seventh edition) MANAGERIAL ECONOMICS IN A GLOBAL ECONOMY (fourth edition) Also by loze P. Damijan SMALL COUNTRIES
More informationThis page intentionally left blank
The Future BRICS This page intentionally left blank The Future BRICS A Synergistic Economic Alliance or Business as Usual? Rich Marino Rich Marino 2014 Softcover reprint of the hardcover 1st edition 2014
More informationU r b a n L a n d. Economics. J a c k H a r v e y & E r n i e J o w s e y
U r b a n L a n d Economics J a c k H a r v e y & E r n i e J o w s e y S i x t h E d i t i o n URBAN L A N D ECONOMICS By Jack Harvey BASIC ECONOMICS BASIC ECONOMICS WORKBOOK ELEMENTARY ECONOMICS WORKBOOK
More informationTHE BANKING SYSTEM OF CYPRUS
THE BANKING SYSTEM OF CYPRUS Also by Kate Phylaktis FINANCIAL DATA OF BANKS AND OTHER FINANCIAL INSTITUTIONS INTERNATIONAL FINANCE AND THE LESS DEVELOPED COUNTRIES (editor with M. Pradhan) The Banking
More informationDark Pools. The Structure and Future of Off-Exchange Trading and Liquidity ERIK BANKS
Dark Pools Palgrave Macmillan Finance and Capital Markets Series For information about other titles in this series please visit the website http://www.palgrave.com/business/finance and capital markets.asp
More informationINTERNATIONAL DEBT AND CENTRAL BANKING IN THE 1980s
INTERNATIONAL DEBT AND CENTRAL BANKING IN THE 1980s STUDIES IN BANKING AND INTERNATIONAL FINANCE Published by Macmillan in association with the Centre for Banking and International Finance, The City University,
More informationRisk Management in Emerging Markets
Risk Management in Emerging Markets Centre for the Study of Emerging Markets Series Series Editor: Dr Sima Motamen-Samadian The Centre for the Study of Emerging Markets (CSEM) Series provides a forum for
More informationREGISTER. -of- DEFUNCT COMPANIES
REGISTER -of- DEFUNCT COMPANIES REGISTER OF DEFUNCT COMPANIES fl M stork MACMILLAN E\
More informationAlso by Steven I. Davis
Banking in Turmoil Also by Steven I. Davis AFTER THE CREDIT CRISIS: Best Practice in Banking the High Net Worth Individual BANCASSURANCE: The Lessons of Global Experience in Banking and Insurance Collaboration
More informationAlso by Shirley Dex BRITISH AND AMERICAN WOMEN AT WORK (with Lois B. Shaw) FRENCH AND BRITISH MOTHERS AT WORK (with Patricia Walters and David Alden)
FLEXIBLE EMPLOYMENT Also by Shirley Dex BRITISH AND AMERICAN WOMEN AT WORK (with Lois B. Shaw) FRENCH AND BRITISH MOTHERS AT WORK (with Patricia Walters and David Alden) LIFE AND WORK HISTORY ANALYSES
More informationGovernance and Risk in Emerging and Global Markets
Governance and Risk in Emerging and Global Markets Centre for the Study of Emerging Markets Series Series Editor: Dr Sima Motamen-Samadian The Centre for the Study of Emerging Markets (CSEM) Series provides
More informationGlobal Stock Markets and Portfolio Management
Global Stock Markets and Portfolio Management Centre for the Study of Emerging Markets Series Series Editor: Dr Sima Motamen-Samadian The Centre for the Study of Emerging Markets (CSEM) Series provides
More informationEstimating SMEs Cost of Equity Using a Value at Risk Approach
Estimating SMEs Cost of Equity Using a Value at Risk Approach This page intentionally left blank Estimating SMEs Cost of Equity Using a Value at Risk Approach The Capital at Risk Model Federico Beltrame
More informationAsian Fixed. Income. Markets
E m e r ~ n g Asian Fixed Income Markets E m e r ~ n Asian Fixed Income Markets Erik Banks -- MACMILLAN Eric Banks, 1994 Softcover reprint of the hardcover 1st edition 1994 All rights reserved. No reproduction,
More informationMicroeconomic Reform in Britain
Microeconomic Reform in Britain This page intentionally left blank Microeconomic Reform in Britain Delivering Opportunities for All HM TREASURY Foreword by Gordon Brown Chancellor of the Exchequer Edited
More informationBALANCE-OF-PA YMENTS THEORY AND THE UNITED KINGDOM EXPERIENCE
BALANCE-OF-PA YMENTS THEORY AND THE UNITED KINGDOM EXPERIENCE Also by A. P. Thirlwall * GROWTH AND DEVELOPMENT: with Special Reference to Developing Economies * INFLATION, SA VING AND GROWTH IN DEVELOPING
More informationReform and Responsibility in the Remaking of the Swedish National Pension System
Reform and Responsibility in the Remaking of the Swedish National Pension System Reform and Responsibility in the Remaking of the Swedish National Pension System Opening the Orange Envelope Anette Nyqvist
More informationGreen Taxation in Question
Green Taxation in Question Also by Carsten Daugbjerg POLICY NETWORK UNDER PRESSURE: Pollution Control, Policy Reform and the Power of Farmers Also by Gert Tinggaard Svendsen PUBLIC CHOICE AND ENVIRONMENTAL
More informationYOUTH UNEMPLOYMENT. Mark Casson
YOUTH UNEMPLOYMENT By the same author Introduction to Mathematical Economics The Future of the Multinational Enterprise (with Peter J. Buckley) Alternatives to the Multinational Enterprise YOUTH UNEMPLOYMENT
More informationMonetary Policy and the Economy in South Africa
Monetary Policy and the Economy in South Africa Monetary Policy and the Economy in South Africa Mthuli Ncube African Development Bank Group, South Africa and Eliphas Ndou Reserve Bank of South Africa,
More informationThe Touche Ross Tax Guide for the Self-Employed
The Touche Ross Tax Guide for the Self-Employed Also available in Papermac: The Touche Ross Tax Guide to Pay and Perks by Bill Packer and Elaine Baker The Touche Ross Tax Guide for the Self-Employed BILL
More informationMicrocredit Guarantee Funds in the Mediterranean
Microcredit Guarantee Funds in the Mediterranean Palgrave Studies in Impact Finance Series Editor: Mario La Torre The Palgrave Studies in Impact Finance series provides a valuable scientific hub for re-searchers,
More informationUnderstanding the Crisis in Greece
Understanding the Crisis in Greece Also by Theodore Pelagidis WELFARE STATE AND DEMOCRACY IN CRISIS (co-edited) Understanding the Crisis in Greece From Boom to Bust Michael Mitsopoulos and Theodore Pelagidis
More informationINWARD INVESTMENT, TECHNOLOGICAL CHANGE AND GROWTH
INWARD INVESTMENT, TECHNOLOGICAL CHANGE AND GROWTH This page intentionally left blank Inward Investment, Technological Change and Growth The Impact of Multinational Corporations on the UK Economy Edited
More informationTAX POLICY IN THE NORDIC COUNTRIES
TAX POLICY IN THE NORDIC COUNTRIES Also by Peter Birch S rensen PUBLIC FINANCE IN A CHANGING WORLD (editor) Tax Policy in the Nordic Countries Edited by Peter Birch SfZ}rensen Professor of Economics University
More informationThe Multinational Subsidiary
The Multinational Subsidiary Also by Neil Hood Chrysler UK: A Corporation in Transition (with S. Young) European Development Strategies of US Multinationals Located in Scotland (with S. Young) Foreign
More informationENERGY HEDGING IN ASIA
ENERGY HEDGING IN ASIA This page intentionally left blank Energy Hedging in Asia: Market Structure and Trading Opportunities PETER C. FUSARO AND TOM JAMES Peter C. Fusaro and Tom James 2005 Softcover reprint
More informationCover: The cover graph shows GDP growth (white line) and inflation (private consumption deflator) (grey line) in the Eurozone, using outturn data for
FROM EMS to EMU Cover: The cover graph shows GDP growth (white line) and inflation (private consumption deflator) (grey line) in the Eurozone, using outturn data for 1979 to 1997 from the OECD's December
More informationThe Cost of Capital. Eva R. Porras
The Cost of Capital The Cost of Capital Eva R. Porras Eva R. Porras 2011 Softcover reprint of the hardcover 1st edition 2011 978-0-230-20183-5 All rights reserved. No reproduction, copy or transmission
More informationProject Analysis in Developing Countries
Project Analysis in Developing Countries Project Analysis in Developing Countries Steve Curry Senior ProjectEconomist Asian Development Bank Manila, Philippines and John Weiss Professor o( Development
More informationSovereign Risk and Public-Private Partnership During the Euro Crisis
Sovereign Risk and Public-Private Partnership During the Euro Crisis This page intentionally left blank Sovereign Risk and Public- Private Partnership During the Euro Crisis Maura Campra University of
More informationPolitical Economy of Brazil
Political Economy of Brazil Also by Philip Arestis: FINANCIAL LIBERALIZATION (Co-editor with Malcolm Sawyer) THE POLITICAL ECONOMY OF ECONOMIC POLICIES (co-editor with Malcolm Sawyer) MONEY AND BANKING:
More informationTHE ECONOMIC IMPACT OF LEASING
THE ECONOMIC IMPACT OF LEASING Also by David G. Mayes THE EXCHANGE RATE ENVIRONMENT (with S. Brooks and K. Cuthbertson) 'MODERN PORTFOLIO THEORY AND FINANCIAL INSTITUTIONS (editor with Desmond C. Corner)
More informationAsset Markets, Portfolio Choice and Macroeconomic Activity
Asset Markets, Portfolio Choice and Macroeconomic Activity Asset Markets, Portfolio Choice and Macroeconomic Activity A Keynesian Perspective Toichiro Asada Professor of Economics, Chuo University, Tokyo,
More informationBanking and Financial Systems in the Arab World
Banking and Financial Systems in the Arab World Also by Philip Molyneux and Munawar Iqbal THIRTY YEARS OF ISLAMIC BANKING Banking and Financial Systems in the Arab World Philip Molyneux Professor of Banking
More informationGlobal Financial Markets series
Global Financial Markets series Global Financial Markets is a series of practical guides to the latest financial market tools, techniques and strategies. Written for practitioners across a range of disciplines
More informationINTRODUCTION TO ACCOUNTANCY AND FINANCE
INTRODUCTION TO ACCOUNTANCY AND FINANCE TITLES IN THIS SERIES Published R. J. Briston Introduction to Accountancy and Finance H. K. Jaeger The Structure of Consolidated Accounting Ernest Laidler Variance
More informationQUANTITATIVE METHODS FOR ELECTRICITY TRADING AND RISK MANAGEMENT
QUANTITATIVE METHODS FOR ELECTRICITY TRADING AND RISK MANAGEMENT This page intentionally left blank Quantitative Methods for Electricity Trading and Risk Management Advanced Mathematical and Statistical
More informationFiscal Policy without a State in EMU?
Fiscal Policy without a State in EMU? This page intentionally left blank Fiscal Policy without a State in EMU? Germany, the Stability and Growth Pact and Policy Coordination Jani Kaarlejärvi Jani Kaarlejärvi
More informationHybrid Securities Structuring, Pricing and Risk Assessment
Hybrid Securities Hybrid Securities Structuring, Pricing and Risk Assessment Kamil Liberadzki and Marcin Liberadzki Warsaw School of Economics, Poland Kamil Liberadzki and Marcin Liberadzki 2016 Softcover
More informationDOI: / Risk and Trading on London s Alternative Investment Market
DOI: 10.1057/9781137361301.0001 Risk and Trading on London s Alternative Investment Market Other Palgrave Pivot titles Franklin G. Mixon, Jr: Public Choice Economics and the Salem Witchcraft Hysteria Elisa
More informationPublic Credit Rating Agencies
Public Credit Rating Agencies Public Credit Rating Agencies Increasing Capital Investment and Lending Stability in Volatile Markets Susan K. Schroeder PUBLIC CREDIT RATING AGENCIES Copyright Susan K.
More informationExchange Rate Forecasting: Techniques and Applications
Exchange Rate Forecasting: Techniques and Applications Exchange Rate Forecasting: Techniques and Applications Imad A. Moosa Reader in Economics and Finance La Trobe University MACMILLAN Business Imad
More informationTHE STRUCfURE OF A MODERN ECONOMY
THE STRUCfURE OF A MODERN ECONOMY Also by Kenneth E. Boulding BEASTS, BALLADS AND BOULDINGISMS BEYOND ECONOMICS COLLECTED PAPERS: VOLUMES I-VI CONFLICT AND DEFENSE DISARMAMENT AND THE ECONOMY (edited with
More informationCross-border Mergers and Acquisitions
Cross-border Mergers and Acquisitions This page intentionally left blank Cross-border Mergers and Acquisitions Theory and Empirical Evidence Ottorino Morresi and Alberto Pezzi cross-border mergers and
More informationMANAGEMENT ACCOUNTING, ORGANIZATIONAL THEORY AND CAPITAL BUDGETING
MANAGEMENT ACCOUNTING, ORGANIZATIONAL THEORY AND CAPITAL BUDGETING Over the past decade the research effort devoted to accounting problems has expanded considerably and the volume of publications has increased
More informationMarket Timing and Moving Averages
Market Timing and Moving Averages Market Timing and Moving Averages An Empirical Analysis of Performance in Asset Allocation PASKALIS GLABADANIDIS MARKET TIMING AND MOVING AVERAGES Copyright Paskalis
More informationACCOUNTING IN AN INFLATIONARY ENVIRONMENT
ACCOUNTING IN AN INFLATIONARY ENVIRONMENT STUDIES IN FINANCE AND ACCOUNTING General Editors: M. J. Barron and D. W. Pearce Published Michael Firth: MANAGEMENT OF WORKING CAPITAL Michael Firth: THE VALUATION
More informationBehavioral Finance and Capital Markets
Behavioral Finance and Capital Markets This page intentionally left blank Behavioral Finance and Capital Markets How Psychology Influences Investors and Corporations A d a m S z y sz ka BEHAVIORAL FINANCE
More informationINTERNATIONAL TRADE AND PAYMENTS
INTERNATIONAL TRADE AND PAYMENTS By the same author INTERNATIONAL MONETARY POLICY (1957 and 1961) THE LONDON DISCOUNT MARKET (1968) International Trade and Payments W. M. Scammell Macmillan Education W.
More informationEconomic Capital. and Financial Risk Management for Financial Services Firms and Conglomerates BRUCE T. PORTEOUS AND PRADIP TAPADAR
Economic Capital and Financial Risk Management for Financial Services Firms and Conglomerates BRUCE T. PORTEOUS AND PRADIP TAPADAR Bruce T. Porteous and Pradip Tapadar 2006 Softcover reprint of the hardcover
More informationMacroeconomics Principles, Applications, and Tools O'Sullivan Sheffrin Perez Eighth Edition
Macroeconomics Principles, Applications, and Tools O'Sullivan Sheffrin Perez Eighth Edition Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies throughout the
More informationAsset and Liability Management for Banks and Insurance Companies
Asset and Liability Management for Banks and Insurance Companies Series Editor Jacques Janssen Asset and Liability Management for Banks and Insurance Companies Marine Corlosquet-Habart William Gehin Jacques
More informationBancassurance. palgrave. Nadege Genetay and Philip Molyneux. macmillan
BANCASSURANCE Bancassurance Nadege Genetay and Philip Molyneux palgrave macmillan Nadege Genetay and Philip Molyneux 1998 Softcover reprint of the hardcover 1 st edition 1998 All rights reserved. No reproduction,
More informationA GENERAL APPROACH TO MACROECONOMIC POLICY
A GENERAL APPROACH TO MACROECONOMIC POLICY Also by J.O.N. Perkins ANTI-CYCLICAL POLICY IN AUSTRALIA AUSTRALIA IN THE WORLD ECONOMY AUSTRALIAN MACROECONOMIC POLICY, 1974-85 THE AUSTRALIAN FINANCIAL SYSTEM
More informationThe Successes and Failures of Economic Transition
The Successes and Failures of Economic Transition Also by Hubert Gabrisch EU ENLARGEMENT AND ITS MACROECONOMIC EFFECTS IN EASTERN EUROPE (with Rüdiger Pohl) Also by Jens Hölscher THE GERMANY CURRENCY UNION
More informationPalgrave Macmillan Studies in Banking and Financial Institutions
Palgrave Macmillan Studies in Banking and Financial Institutions Series Editor : Professor Philip Molyneux The Palgrave Macmillan Studies in Banking and Financial Institutions are international in orientation
More informationADVANCED MANAGEMENT ACCOUNTING
PRACTICE MANUAL Final Course PAPER : ADVANCED MANAGEMENT ACCOUNTING Volume II.A BOARD OF STUDIES THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA i This practice manual has been prepared by the faculty
More informationThe UK Voluntary Sector Almanac 2002
The UK Voluntary Sector Almanac 2002 [page 2: blank] NCVO Publications The UK Voluntary Sector Almanac 2002 Pauline Jas, Karl Wilding Susan Wainwright, Andrew Passey and Les Hems NCVO Publications. London
More informationHandbook of Asset and Liability Management
Handbook of Asset and Liability Management From models to optimal return strategies Alexandre Adam Handbook of Asset and Liability Management For other titles in the Wiley Finance series please see www.wiley.com/finance
More informationChapter 15: Fiscal Policy Section 2
Chapter 15: Fiscal Policy Section 2 Objectives 1. Compare and Contrast classical economics and Keynesian economics. 2. Explain the basic principles of supplyside economics. 3. Describe the role that fiscal
More informationsuperseries Working with Costs and Budgets FIFTH EDITION Published for the Institute of Leadership & Management Institute of Leadership & Management
Prelims-I046430.qxd 4/21/07 6:25 PM Page i Institute of Leadership & Management superseries Working with Costs and Budgets FIFTH EDITION Published for the Institute of Leadership & Management AMSTERDAM
More informationThe Big Landlord Tax Increase
Taxcafe.co.uk Tax Guides The Big Landlord Tax Increase How to Beat the Cut in Mortgage Tax Relief By Carl Bayley BSc FCA and Nick Braun PhD Important Legal Notices: Taxcafe Tax Guide - The Big Landlord
More informationPUBLIC FINANCE IN AN OVERLAPPING GENERATIONS ECONOMY
PUBLIC FINANCE IN AN OVERLAPPING GENERATIONS ECONOMY This page intentionally left blank Public Finance in an Overlapping Generations Economy Toshihiro Ihori Projess01; Depar/menl of Economics University
More informationAdvanced Accounting Floyd A. Beams Joseph H. Anthony Bruce Bettinghaus Kenneth Smith Eleventh edition
Advanced Accounting Floyd A. Beams Joseph H. Anthony Bruce Bettinghaus Kenneth Smith Eleventh edition Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies throughout
More informationBasic Accounting for Credit and
Basic Accounting for Credit and Nicola Elliott Oxfam (UK and Ireland) Published by Oxfam (UK and Ireland) Oxfam (UK and Ireland) 1996 ISBN 0 85598 342 6 A catologue record for this book is available from
More informationAAT. Costs and revenues. Pocket notes
AAT Costs and revenues Pocket notes Costs and revenues British library cataloguing-in-publication data A catalogue record for this book is available from the British Library. Published by: Kaplan Publishing
More informationEvent Evaluation: Theory and Methods for Event Management and Tourism. Donald Getz, PhD. (G) Goodfellow Publishers Ltd
Event Evaluation: Theory and Methods for Event Management and Tourism Donald Getz, PhD. (G) Goodfellow Publishers Ltd (G) Published by Goodfellow Publishers Limited, 26 Home Close, Wolvercote, Oxford OX2
More informationTHE ECONOMICS OF NORTH SEA OIL TAXATION
THE ECONOMICS OF NORTH SEA OIL TAXATION Also by Danny Hann GOVERNMENT AND NORTH SEA OIL Also by Chris Rowland THE ECONOMICS OF CHOICE BETWEEN ENERGY SOURCES (co-editor) The Economics of North Sea Oil Taxation
More informationFundamentals of Futures and Options Markets John C. Hull Eighth Edition
Fundamentals of Futures and Options Markets John C. Hull Eighth Edition Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies throughout the world Visit us on
More informationContents. Table of Statutes. Table of Secondary Legislation. Table of Cases. Glossary. Formation of Partnerships. Relations Between Partners
Contents Table of Statutes Table of Secondary Legislation Table of Cases Glossary Chapter 1: Business Media 1.1 Introduction 1.2 Partnerships, limited liability partnerships and companies compared 1.2.1
More informationEconomics of the Labour Market
Economics of the Labour Market Economics of the Labour Market Unemployment and the Costs of Unemployment P. N. (Raja) Junankar Honorary Professor, Industrial Relations Research Centre, UNSW Australia,
More informationCAPITAL ACCOUNT REGIMES AND THE DEVELOPING COUNTRIES
CAPITAL ACCOUNT REGIMES AND THE DEVELOPING COUNTRIES Also by G. K. Helleiner AGRICULTURAL PLANNING IN EAST AFRICA (editor) A WORLD DNIDED (editor) FOR GOOD OR EVIL (editor) FROM ADJUSTMENT TO DEVELOPMENT
More informationThe valuation of goods for customs purposes
The valuation of goods for customs purposes 'Anything to declare?' 'Only my genius.' Oscar Wilde versus US customs. The valuation of goods for customs purposes by HENK DE PAGTER and RICHARD VAN RAAN 1981
More information