Study theoreotical and practical basis of mobilizing financial resource for socioeconomic infrastructure investment of local governments (provincial). Analyze of the impact of specific factors that have an impact on financial resource mobilization of the border gate cities in general and Mong Cai international border gate city in particular. Analyze and evaluate the current status of investment in socio-economic infrastructure and current status of mobilizing financial resource in Mong Cai city.
The Monterrey Consensus of the International Conference on Financing for Development (United Nations, 2002a) places the mobilization of domestic financial resources for development at the centre of the pursuit of economic growth, poverty eradication and sustainable development. It points to the need for “the necessary internal conditions for mobilizing domestic savings (and) sustaining adequate levels of productive investment” and stresses the importance of fostering a “dynamic and well-functioning business sector”.
The Monterrey Consensus of the International Conference on Financing for Development (United Nations, 2002a) places the mobilization of domestic financial resources for development at the centre of the pursuit of economic growth, poverty eradication and sustainable development.
Today, the international financial system exists to facilitate the design, sale, and exchange of a broad set of contracts with a very specific set of characteristics. We obtain the financial resources we need from this system in two ways: Directly from lenders and indirectly from financial institutions called financial intermediaries.
A well-functioning public sector that delivers quality public services consistent with citizen preferences
and that fosters private market-led growth while managing fiscal resources prudently is
considered critical to the World Bank’s mission of poverty alleviation and the achievement of
the Millennium Development Goals.
“Erich Helfert’s book is a bona fide treasury for executives, managers, and entrepreneurs who need to understand financial management. I have used and recommended this great work in both corporate and university programs for more than ten years. Erich Helfert possesses unique abilities to make clear the arcane that frequently enshrouds topics of financial management.” Allen B. Barnes Past Provost IBM Advanced Business Institute (formerly Director of Executive Education, UCLA) “Erich Helfert’s book is a candidate for every consultant-to-management’s bookshelf.
Process of planning and controlling financial resources to
achieve optimum economic and financial benefits from an
investment.The main elements of financial management
. Planning and budgeting
. Internal control
. Accounting system
. Financial reporting
This paper analyzes the role of the financial system for economic growth and stability, and addresses a number of core policy issues for financial sector reforms in emerging economies. The role of finance is studied in the context of a circuit model with interacting rational, forward- looking, and heterogeneous agents. Finance is shown to essentially complement the price system in coordinating decentralized intertemporal resource allocation choices from agents operating under limited information and incomplete trust.
J. Edward Ketz is MBA Faculty Director and Associate Professor of Accounting at the
Penn State Smeal College of Business. He has been a member of the Penn State faculty
since 1981. He holds a bachelor’s degree in political science, a master’s degree in
accountancy, and a Ph.D. in business administration, all from Virginia Tech.
The teaching and research interests of Dr. Ketz focus on financial accounting,
accounting information systems, and accounting ethics. He has published numerous
academic and professional articles, and he has written seven books.
James R. Hitchner, CPA/ABV, ASA is the managing director of the Financial
Valuation Group (FVG) in Atlanta, GA. FVG is a national financial advisory services
firm specializing in valuation and litigation services. Mr. Hitchner is a founding
member of the Financial Consulting Group, L.C. (FCG). FCG is a national association
of professional services firms dedicated to excellence in valuation, financial and
The world is near the bottom of a global recession that is causing widespread business
contraction, increases in unemployment, and shrinking government revenues. Although recent
data indicate the large industrialized economies may have reached bottom and are beginning to
recover, for the most part, unemployment is still rising. Numerous small banks and households
still face huge problems in restoring their balance sheets, and unemployment has combined with
sub-prime loans to keep home foreclosures at a high rate.
Over the past 20 years a microfinance industry has emerged in response to the
lack of access to formal financial services for most of the world’s poor. Microfinance
institutions serve an ever-increasing number of poor clients, but the demand for
such financial services still far outstrips their capacity.
To meet this demand, most microfinance institutions plan to increase their
outreach. But rapid growth strains an institution’s systems and changes its financial
Financial economics plays a far more prominent role in the training of economists than it did even
a few years ago.
This change is generally attributed to the parallel transformation in capital markets that has
occurred in recent years. It is true that trillions of dollars of assets are traded daily in ¯nancial
markets|for derivative securities like options and futures, for example|that hardly existed a
decade ago. However, it is less obvious how important these changes are.
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In a decentralized-decisions economic environment, agents consider the risk that others
might unfairly exploit informational asymmetries to their own advantage. Incomplete trust,
affects, in particular, financial transactions whereby agents trade current real claims for promises
of future real claims. Agents thus invest considerable resources to assess the trustworthiness of
others with whom they know they can interact only under conditions of limited and
asymmetrically distributed information, and to ensure compliance with contractual obligations.
Casting aside the traditional notion of financial products grouped within distinct,
relatively isolated asset classes, Beaumont insightfully uncovers common
characteristics that allow the practitioner to better understand
interrelationships between bonds, equities, and currencies. Importantly, the
author drafts a hands-on roadmap to help investors manage these asset management
building blocks within an integrated portfolio context.
This study analyzes and provides empirical tests of early warning indicators
of banking and currency crises in emerging economies. The aim is
to identify key empirical regularities in the run-up to banking and currency
crises that would enable officials and private market participants
to recognize vulnerability to financial crises at an earlier stage. This, in
turn, should make it easier to motivate the corrective policy actions that
would prevent such crises from actually taking place.
The United States has seen major advances in medical care over the past decades, but
access to care at an affordable cost is not universal. Many Americans lack health care insurance
of any kind, and many others with insurance are nonetheless exposed to financial risk because of
high premiums, deductibles, co-pays, limits on insurance payments, and uncovered services. One
might expect that the U.S. poverty measure would capture these financial effects and trends in
them over time.