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Über dieses Buch

Hans-Michael Heitmuller The financing of public funds has become a strongly competitive business. Within the EU, national boundaries for this sphere have been formally removed as well as important hindrances to the trade of goods and services. Deregulation and technological innovations have decreased the economic distance between the regions of the EU. With the transition to the Euro, a weighty step has been made in the direction towards a home market. It has become simpler and worthwhile for public borrowers to obtain comparative offers from over and beyond country borders. For the supplier, this field of business is marked by relatively low risks, a correspondingly modest personal capital requirement, but narrow margins as well. On the other hand, as well as language and social differences, there exist in actuality still many-sided market access thresholds on the basis of different institutional and instrumental framework data within the individual countries, especially inthe area of public funds. This will only change slightly in the foreseeable future. Reliable information about these special framework conditions is still in demand. It is an important factor of success in business politics.

Inhaltsverzeichnis

Frontmatter

Introduction

Introduction

Abstract
The loan financing of public goods has increased across Europe in the past decades. That is naturally also true for the associated engagements of the banks and other fiscal intermediaries. In the business field of European public sector borrowing, which presently amounts to approximately 5,000 billion Euro, it has, in any case, come to a series of fundamental changes- of institutional as well as of a product-wise variety. They show, especially from a business view point, a systematic preparation of the subject in the European dimension as profitable. That is the task to which the following country reports are dedicated. With awareness of the target audience — students of economics, but mostly practitioners in the business of public sector borrowing as well, a unified, consistent outline was followed.
Hans-Hermann Francke, Hans-Helmut Kotz

Countriesreports

Austria

Without Abstract
Heinz Christ, Alfred Paleczny

Belgium

Abstract
According to the usual definition, the collective borrowing accrued by various levels of governments in order to take care of their financial needs constitutes public debt.
Claude Preudhomme

Denmark

Without Abstract
Eirik Svindland

Finland

Abstract
The Republic of Finland has a dual tier form of government comprising the central government which is the centre of authority and the municipal sector. The central government has delegated obligations, duties, and powers to the municipalities by law.
Nicholas Anderson

France

Abstract
A state’s main task lies in the production of non-marketable services and the redistribution of national income and -wealth. The main source of public revenue is compulsory levies. According to the conventions of French national accounting, the sector of public administration (administrations publiques (APU)) in France is divided into the following three sub-sectors:
  • those bodies having nation-wide jurisdiction (administrations publiques centrales (APUC)) which consist of the central government itself plus the various specialised and nationally financed public corporations (organismes divers d’administration centrale (ODAC)), such as universities, national employment agency, public amortisation fund (Caisse d’amortissement de la dette sociale (CADES)) etc.
  • the local public authorities (administrations publiques locales (APUL)), with geographicallly limited competencies, which associate the local communities (regions, departments, and communes as well as as supra-municipal associations or organizations dependant on them) on the one hand and various local public corporations like grammar and secondary schools on the other hand.
  • the social security system (administrations de sécurité sociale (ASSO)) which combines the branches of the social security and its depending organisations.
Jean-Michel Uhaldeborde

Germany

Abstract
The upkeep of public services requires the appropriation of according financial means. Their procurement also occurs in the Federal Republic of Germany primarily in the way of taxation, the levying of fees and dues, achieving acquisitions revenues, as well as the public debt, i.e. borrowing by public administrative units. Concerning the level of national economic activity, the amount of financial requirement of the public corporations results from the task differentiation between the public sector and private goods- and services production.
Hans-Helmut Kotz, Hans-Georg Welkenbach

Greece

Without Abstract
Aristidis Tsalkamas

Ireland

Without Abstract
Judith Safford

Italy

Without Abstract
Antonio Manzini, Judith Safford

The Netherlands

Without Abstract
Jan G. Klaassens

Spain

Without Abstract
Eugenio J. Estévez Cepeda

Sweden

Without Abstract
Thomas Åkelius, Lars M. Andersson, Lotta Bergquist, Helena Björkmann, Ulf Jivmark

Switzerland

Without Abstract
Claudio Müller

The United Kingdom

Without Abstract
Judith Safford

Abstract and Prospect

Abstract and Prospect

Abstract
In the book, which was already published in German in 1994, the attempt is made to meet the informational needs especially of banks which are or wish to become active in a finance market which has won much importance through a high degree of liberalisation and globalisation: the market of public credit.
Eberhart Ketzel

Backmatter

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