Thèse--Université de Paris. / Includes bibliographical references.

Thèse--Université de Paris.

Thesis (Ph. D.)--University of Wisconsin--Madison, 1971. / Typescript. Vita. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references.

Inaug.-Diss.--Cologne. / Vita. Bibliography: p. xi-xliii.

Thesis (MA)--University of Montana, 2009. / "Major Subject: Economics" Title from author supplied metadata. Contents viewed on November 11, 2009. Includes bibliographical references.

This study is concerned with the effects of capital controls on long-term economic growth. At its conceptual core, the dissertation addresses weaknesses in neoclassical and Keynesian theory, viz. the problems of both market and state coordination, that preclude an adequate analysis of the use of capital controls. Investigated are (1) the problems associated with more traditional approaches to the analysis of the role of capital controls; (2) the explication of an alternative theoretical structure; and (3) the utility of that theoretical structure in the case analysis of two newly industrializing economies. The study makes use of theoretical, historical, institutional and empirical analyses. The study's investigation of capital controls within the context of overall stat economic planning is methodologically innovative in that it highlights a specific configuration on government interventions termed a "government intervention triad": government economic planning, capital control regulations and credit control systems. The findings from this study highlight and tend to resolve the inherent paradox between the practices of capital controls and conventional theoretical analyses. When analytic models capture and emphasize institutional and structural realities, such as unemployment, uncertainty and instability in financial markets, heterogeneous agents, multiple equilibria and differentials between social and private returns, a positive case for controls is often made. This may explain the widespread use of the strategy despite the generally negative projections from more traditionally prominent theories. Two case studies, of the Republic of Korea and the Federative Republic of Brazil, illustrate the ways in which a relatively consistent history of selectively imposed and well-enforced capital controls, used in conjunction with credit controls and development/industrial planning, helps to solve the problems of capital creation, preservation, productivity, coordination and discipline. In addition to the evidence from the case studies, empirical analyses reveal that both countries have low levels of estimated capital flight relative to similar countries. Econometric analysis of their capital flight suggests that standard regressions of the determinants of capital flight may not be particularly helpful when applied to countries with low levels of flight and with a history of consistent use of capital controls.

Mexico liberalized its banking system in 1989 and 1990 and privatized it from mid-1991 to mid-1992. This study first sets those institutional changes in the context of past Mexican financial development, examining the role of the financial sector in achieving macro balance and demonstrating the close relationship between changes in fiscal policy during the 1980's and financial liberalization. Next it examines the behavior of the banking sector and of the larger individual banks during the 1989-1993 period, arguing that especially after privatization these institutions behaved in risk-seeking ways that sought short-term profits at the expense of long-term viability. A remarkable part of this search for near-term profit was the very rapid expansion of consumer lending. The dissertation then turns to the behavior of the large private firms listed on the stock exchange, with particular attention to their rapid accumulation of dollar-denominated debt and peso-earning liabilities. It is argued that both bank lending and patterns of investment by firms were skewed to the nontraded sectors, which can certainly be attributed to the way that the pegged exchange shifted relative prices against traded goods, but which is nonetheless difficult to defend as a long-term strategy. These firms may have expected the kind of post-devaluation bailouts they received after the 1982 crisis. Finally these investigations are brought together to examine the macroeconomic coherence of Mexican government policy, and to root the failures of the liberalization process in the country's political economy. Orthodox financial liberalization theory is shown to make institutional assumptions about the real economy, and particularly about the behavior of large firms, that may not be warranted. If these assumptions do not hold financial liberalization may damage growth and stability.

Thesis (Ph.D.)--University of the Witwatersrand, Faculty of Commerce, Law and Management, School of Law, 2016. / Public finance literature has minimally engaged the fiscal autonomy of African local governments, and cities in particular. African cities should independently generate a significant portion of revenue locally in order to finance a varied range of municipal services to a diverse municipal population. This study aims to provide insight through the contextual analysis of the revenue assignment function of African cities. The study explores fiscal discretion and appropriation as a reflection of local fiscal autonomy and how these manifest in local revenue instruments. The study employs an illustrative case study methodology on Nairobi and Johannesburg by means of an examination of local revenue generation particularly water revenue and municipal borrowing to examine the contrasting experience of local fiscal autonomy of these two cities. The legal and institutional frameworks of these cities provide for an array of OSR. Previously, local revenue tools did not address the financing needs for municipal services of infrastructure required to cater for the growing and diverse municipal populations. A national process of local government restructuring compelled the cities to realign local structures to enhance revenue mobilization in order to address the challenge of municipal service delivery. The regulatory environment was also amended to effect intergovernmental transfer arrangements as well as particular local revenue instruments in each case. In Nairobi, the structural and legal changes have effectively entrenched the centralist nature of the Kenyan government, severely limiting the city’s autonomy with regard to water revenue. The city’s fiscal capacity for municipal borrowing has been left largely unchanged by Kenyan local government reform. In Johannesburg, the democratic dispensation has enforced local fiscal autonomy that was evident in the apartheid white local authorities. The mammoth task of centrally managing all the city revenues has brought to the fore administrative challenges particularly regarding water revenue; however, the city’s fiscal capacity has improved its state of municipal borrowing. These findings confirm the decentralization rationale. Fiscal decentralization is thus important for asserting the function of revenue assignment to enhance local fiscal autonomy. The two case cities show that local capacity and the historical role of central government are important in ascribing and manifesting this function.

Thesis (M. Soc. Sc.)--University of Hong Kong, 1980.

"Originally submitted with some differences of form and matter to the Graduate School of the University of Pittsburgh as a doctoral dissertation." / Bibliography: p. 162-164.