The U.S. Department of the Treasury's Analysis of the Situation in Puerto Rico

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781539813798
Total Pages : 62 pages
Book Rating : 4.8/5 (137 download)

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Book Synopsis The U.S. Department of the Treasury's Analysis of the Situation in Puerto Rico by : Committee on Natural Resources U.s. House of Representatives

Download or read book The U.S. Department of the Treasury's Analysis of the Situation in Puerto Rico written by Committee on Natural Resources U.s. House of Representatives and published by Createspace Independent Publishing Platform. This book was released on 2016-10-30 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Commonwealth of Puerto Rico is in the midst of an economic and fiscal crisis, facing more than a $70 billion debt, and already defaulting on payments in the amount of $174 million. In turn, Puerto Rico may be on the cusp of a humanitarian dilemma - as it is forced to choose between providing public services, delivering pension benefits, or paying its debt. These critical issues have become a focal point for the Committee on Natural Resources ("Committee"), which has held two subcommittee oversight hearings over the past several weeks addressing different facets of the fiscal situation in Puerto Rico. Both hearings, and their associated witnesses, have resulted in calls to the Committee on the need for a legislative solution to the Puerto Rican fiscal situation, and what must be included in such legislation. Echoing these calls, the Administration through the U.S. Department of the Treasury (Treasury) has forwarded to Congress a legislative plan to address the debt crisis. Treasury's plan involves four "interrelated elements" that the Administration believes are necessary to address "Puerto Rico's fiscal crisis and restore economic growth." The four are summarized as follows: 1) access to debt restructuring, 2) implementation of strong independent oversight to improve Puerto Rico's fiscal governance, 3) "adequate" treatment to Medicaid benefits, and 4) promotion of economic measures aimed at promoting growth.

The U.S. Department of the Treasury's Analysis of the Situation in Puerto Rico

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ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (21 download)

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Book Synopsis The U.S. Department of the Treasury's Analysis of the Situation in Puerto Rico by : United States. Congress. House. Committee on Natural Resources

Download or read book The U.S. Department of the Treasury's Analysis of the Situation in Puerto Rico written by United States. Congress. House. Committee on Natural Resources and published by . This book was released on 2016 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The U.s. Department of the Treasurys Analysis of the Situation in Puerto Rico

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781976164613
Total Pages : 62 pages
Book Rating : 4.1/5 (646 download)

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Book Synopsis The U.s. Department of the Treasurys Analysis of the Situation in Puerto Rico by : United States. Congress

Download or read book The U.s. Department of the Treasurys Analysis of the Situation in Puerto Rico written by United States. Congress and published by Createspace Independent Publishing Platform. This book was released on 2017-09-07 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Department of the Treasury's analysis of the situation in Puerto Rico : oversight hearing before the Committee on Natural Resources, U.S. House of Representatives, One Hundred Fourteenth Congress, second session, Thursday, February 25, 2016.

Puerto Rico's Political Status

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Publisher :
ISBN 13 :
Total Pages : 268 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Puerto Rico's Political Status by : United States. Congress. Senate. Committee on Finance

Download or read book Puerto Rico's Political Status written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1990 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Annual Report of the Secretary of the Treasury of Puerto Rico

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Annual Report of the Secretary of the Treasury of Puerto Rico by : Puerto Rico. Dept. of the Treasury

Download or read book Annual Report of the Secretary of the Treasury of Puerto Rico written by Puerto Rico. Dept. of the Treasury and published by . This book was released on 1955 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Operation and Effect of the Possessions Corporation System of Taxation

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Publisher :
ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The Operation and Effect of the Possessions Corporation System of Taxation by : United States. Department of the Treasury

Download or read book The Operation and Effect of the Possessions Corporation System of Taxation written by United States. Department of the Treasury and published by . This book was released on 1983 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Annual Report of the Secretary of the Treasury of Puerto Rico

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Publisher :
ISBN 13 :
Total Pages : 864 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Annual Report of the Secretary of the Treasury of Puerto Rico by : Puerto Rico. Dept. of Finance

Download or read book Annual Report of the Secretary of the Treasury of Puerto Rico written by Puerto Rico. Dept. of Finance and published by . This book was released on 1945 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Report on Finances and Economy

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Report on Finances and Economy by : Puerto Rico. Department of the Treasury. Office of Economic and Financial Research

Download or read book Report on Finances and Economy written by Puerto Rico. Department of the Treasury. Office of Economic and Financial Research and published by . This book was released on 1959 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economy and Finance, Puerto Rico

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Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Economy and Finance, Puerto Rico by : Puerto Rico. Department of the Treasury. Office of Economic and Financial Research

Download or read book Economy and Finance, Puerto Rico written by Puerto Rico. Department of the Treasury. Office of Economic and Financial Research and published by . This book was released on 1964 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Annual Report of the Secretary of the Treasury of Puerto Rico; 1943/44-1944/45

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Publisher : Hassell Street Press
ISBN 13 : 9781015057210
Total Pages : 518 pages
Book Rating : 4.0/5 (572 download)

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Book Synopsis Annual Report of the Secretary of the Treasury of Puerto Rico; 1943/44-1944/45 by : Puerto Rico Dept of the Treasury

Download or read book Annual Report of the Secretary of the Treasury of Puerto Rico; 1943/44-1944/45 written by Puerto Rico Dept of the Treasury and published by Hassell Street Press. This book was released on 2021-09-10 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

What Went Wrong?

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (119 download)

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Book Synopsis What Went Wrong? by : Robert S. Chirinko

Download or read book What Went Wrong? written by Robert S. Chirinko and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: What went wrong? Why did seemingly rational bond investors continue to purchase Puerto Rican debt with only a modest risk premium, even though the macroeconomic fundamentals were dismal? Why did financial markets fail to exercise market discipline and restrict capital flows to Puerto Rico? Given gloomy macroeconomic fundamentals and relatively low risk premia, investors were either stunningly myopic/misinformed, or Puerto Rican debt was implicitly insured by the U.S. government. This paper examines the latter hypothesis, which we label the "Treasury Put." The expectation of a federal bailout was perfectly reasonable given past behavior by the federal government, starting with the prior bailout of the city of New York. Evaluating the Treasury Put hypothesis with a minimal set of assumptions is possible given three unique features - the dire fiscal and economic conditions in Puerto Rico, a fortunate characteristic of Puerto Rican bond issuance, and a "seismic shock." Regarding the second feature, Puerto Rico issued both uninsured and insured general obligation bonds on the same day and, in many cases, with the exact same maturity. The associated bond price data allow for an accurate computation of the risk premia on Puerto Rican bonds. The third feature is the non-bailout of the city of Detroit in 2013 that effectively extinguished the Treasury Put. Puerto Rican risk premia were stable before the Detroit bankruptcy and bracketed by the risk premia on Corporate Aaa and Baa bonds. However, after the Detroit bankruptcy, risk premia rose dramatically, thus identifying a sizeable Treasury Put of at least 300 basis points and a significant misallocation of capital to Puerto Rico. In effect, the Treasury Put was a form of regulatory forbearance. Institutional reforms that would eliminate the Treasury Put are considered, but none are found satisfactory.

Preliminary Inventory of the General Records of the Treasury Department, Record Group 56

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Publisher :
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Preliminary Inventory of the General Records of the Treasury Department, Record Group 56 by : United States. National Archives and Records Service

Download or read book Preliminary Inventory of the General Records of the Treasury Department, Record Group 56 written by United States. National Archives and Records Service and published by . This book was released on 1977 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Doing Business 2020

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Publisher : World Bank Publications
ISBN 13 : 1464814414
Total Pages : 241 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2020 by : World Bank

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.

Puerto Rico's Political Status

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ISBN 13 :
Total Pages : 268 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Puerto Rico's Political Status by : United States. Congress. Senate. Committee on Finance

Download or read book Puerto Rico's Political Status written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1990 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Study of Puerto Rico

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Publisher :
ISBN 13 :
Total Pages : 1122 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Economic Study of Puerto Rico by : United States. Department of Commerce. Interagency Study Group

Download or read book Economic Study of Puerto Rico written by United States. Department of Commerce. Interagency Study Group and published by . This book was released on 1979 with total page 1122 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Federal Reserve System Purposes and Functions

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Publisher :
ISBN 13 : 9780894991967
Total Pages : 0 pages
Book Rating : 4.9/5 (919 download)

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Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Economic Study of Puerto Rico

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ISBN 13 :
Total Pages : 372 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Economic Study of Puerto Rico by : United States. Dept. of Commerce. Interagency Study Group

Download or read book Economic Study of Puerto Rico written by United States. Dept. of Commerce. Interagency Study Group and published by . This book was released on 1979 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: