The Saudi-Soviet Cold War

           For most countries, the condition of the public finances is driven by factors as diverse as whether the country is at war or peace, its level of employment, and its demographics. However, for some, the prices of natural resources are also of extraordinary importance. This is especially true for petrostates, nations whose economies are overwhelming

Britain’s Sinking Fund

           In the late-18th century, Britain was awash in debt. So large was this debt that even relatively cheap financing couldn’t save the British government from interest costs that ate up half of state revenues. To pay down this debt, the country implemented a sinking fund, a fund established to repurchase bonds that had previously been

Venice’s Fiscal Restructurings

           Financial innovations are frequently born of necessity and this is true in public finance just as much as in corporate finance, banking, and beyond. It is often when the public finances are in the most dire shape that creative thinking is most needed. Sometimes, the solutions conjured up set governments on the right course. Though

Social Share Buttons and Icons powered by Ultimatelysocial
LinkedIn