The New Public Finance
Responding to Global Challenges
Inge Kaul and Pedro Conceição
Table of Contents
Foreword
1:Introduction: What this Book is About
2:The Main Messages
PART I: The New National Public Finance—Taking the Outside World into Account
3:The Rise of the Intermediary State, Inge Kaul
4:Making Social Policy under Efficiency Pressures from Globalization, Vito Tanzi
5:Addressing Long-term Fiscal Challenges in an Interconnected World, Peter Heller, International Monetary Fund
6:Macro Markets: Managing Risks to National Economies, Robert Shiller, Yale University
7:National Taxation in a Globalizing World: Policy Sovereignty and Coordination, Peggy Musgrave
8:Recognizing the Limits to Cooperation behind National Borders: Financing the Control of International Terrorism, Todd Sandler
PART II: The New International Public Finance—Relying on Public-Private Partnering
9:The New Players on the Ground: Global Public-private Partnerships, Inge Kaul
10:Financing Mechanisms for International Cooperation: Growing Numbers, Diversity and Issue-Specificity, Pedro Conceição
11:The Right Money at the Right Time: Bringing New Financing Technology to International Cooperation, Pedro Conceição, Hari Rajan, Rajiv Shah
12:Financing International Cooperation: A Public Choice Analysis, Philip Jones
PART III: The New International Public Finance—Investing in Global Public Goods Provision Abroad
13:Identifying High-Return Investments: When Does International Cooperation Pay—and for Whom?, Pedro Conceição & Ronald Mendoza
14:Making International Cooperation Pay: Money as a Strategic Incentive, Scott Barrett
15:"Trading" Global Public Services: The Incentive of Incremental Cost Payments, Kenneth King, World Bank
16:Letting New Markets Find the Price: A Case Study of The Chicago Climate Exchange, Richard Sandor
17:Using Existing Markets More Efficiently: Facilitating Access of developing Countries to Commodity Futures and Options Markets, Wyn Morgan
18:A New Perspective on the SDR Mechanism: Reducing the Cost of Holding Reserves, Jaques Polak & Peter B. Clark, both from the International Monetary Fund
19:Restructuring Unsustainable Sovereign Debt: The Merits of the Contractual and the Statutory Approach, Barry Eichengreen, University of California, Berkeley
20:Excursus: Public Finance in the European Union: Emerging Lessons for International Cooperation, Brigid Laffan
PART IV: The New International Public Finance—Incentivizing Foreign Aid
21:Some Things Cannot Yet Change: The Continuing Need for Multilateral Development Finance, Yilmaz Akyuz
22:Creating Incentives to Graduate from Grants to Loans, Paul Collier, Oxford University
23:Offering Challenge Grants: The MCA, Steven Radelet, Center for Global Development
24:Overcoming Smallness: The Challenge of Underfunded Regionalism, Nancy Birdsall
25:Purchase Commitments: Incentives for Private Sector Involvement in Poverty Reduction, Michael Kremer & Alix Peterson-Zwane, University of California, Berkeley
26:From Direct to Indirect Donor Financing: The Role of Guarantees in Attracting private Finance to Developing Countries, Stephany Griffith-Jones