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The rise of modern public finance revolutionized political economy. As governments learned to invest tax revenue in the long-term financial resources of the market, they vastly increased their administrative power and gained the ability to use fiscal, monetary, and financial policy to manage their economies. But why did the modern fiscal state emerge in some places and not in others? In approaching this question, Wenkai He compares the paths of three different nations-England, Japan, and China-to discover why some governments developed the tools and institutions of modern public finance, while others, facing similar circumstances, failed to do so. Focusing on three key periods of institutional development-the decades after the English Civil Wars, the Meiji Restoration, and the Taiping Rebellion-He demonstrates how each event precipitated a collapse of the existing institutions of public finance. Facing urgent calls for revenue, each government searched for new ways to make up the shortfall. These experiments took varied forms, from new methods of taxation to new credit arrangements. Yet, while England and Japan learned from their successes and failures how to deploy the tools of modern public finance and equipped themselves to become world powers, China did not. He's comparative historical analysis isolates the nature of the credit crisis confronting each state as the crucial factor in determining its specific trajectory. This perceptive and persuasive explanation for China's failure at a critical moment in its history illuminates one of the most important but least understood transformations of the modern world.

Finance, Public --- Fiscal policy --- Tax policy --- Taxation --- Economic policy --- Cameralistics --- Public finance --- Public finances --- Currency question --- History. --- Government policy --- History

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Finance, Public -- OECD countries -- Statistics. --- National income -- OECD countries -- Statistics. --- Business & Economics --- Economic History --- Finance, Public --- National income --- Net national product --- Cameralistics --- Public finance --- Flow of funds --- Gross national product --- Income --- Currency question --- Public finances

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Financial statements --- Finance, Public --- Cameralistics --- Public finance --- Balance sheets --- Corporate financial statements --- Earnings statements --- Financial reports --- Income statements --- Operating statements --- Profit and loss statements --- Statements, Financial --- Currency question --- Accounting --- Bookkeeping --- Business records --- Corporation reports --- Public finances

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Zoltán Peterecz presents in this monograph the personality and work of Jeremiah Smith, Jr. (1870–1935), the League of Nations Commissioner-General for the 1924 loan to Hungary. He deals also in extenso with the economic and political problems associated with the financial reconstruction of Hungary – both on the domestic and international scene. In his multidimensional presentation, Zoltán Peterecz gives a vivid insight into the official and unofficial trends in the foreign policy of the United States after World War I. The author skillfully interweaves the diplomatic and economic history against the background of international events, and supports the narrative with an impressive body of diverse sources, which include archival materials, contemporary newspaper citations from a number of countries, and an extensive range of secondary sources. The final result is a valuable, well-executed and well-written work that will be welcomed not only by students of the interwar period, but also among non-specialist readers. Zoltán Peterecz was awarded his PhD by the Eötvös Loránd University, Budapest, Hungary, in 2010. He specialises in American foreign policy and American-Hungarian relations in the 20th century. He is an Assistant Professor at the Department of American Studies, Eszterházy Károly College, Eger, Hungary.

Early modern history. --- Finance, Public. --- Reconstruction (1914-1939) --- Finance, Public --- Smith, Jeremiah, --- Cameralistics --- Public finance --- Public finances --- Currency question --- World War, 1914-1918 --- Postwar reconstruction --- Reconstruction --- Economic aspects --- Regional History --- General and Miscellaneous --- History --- Early Modern History

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Le Comptes nationaux des pays de l'OCDE, Comptes de patrimoine financier inclut les stocks financiers (à la fois actifs financiers et passifs), par secteur institutionnel (sociétés non financières, sociétés financières, administrations publiques, ménages et institutions sans but lucratif au service des ménages, économie totale et reste du monde) et par instrument financier.

Finance, Public -- OECD countries -- Statistics. --- Financial statements -- OECD countries. --- Finance --- Business & Economics --- Financial Management & Planning --- Financial statements --- Finance, Public --- Cameralistics --- Public finance --- Balance sheets --- Corporate financial statements --- Earnings statements --- Financial reports --- Income statements --- Operating statements --- Profit and loss statements --- Statements, Financial --- Currency question --- Accounting --- Bookkeeping --- Business records --- Corporation reports --- Public finances