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Corporate financial planning and management in a deficit economy /
Louis E.V. Nevaer and Steven A. Deck.
imprint
New York : Quorum Books, 1987.
description
171 p. : ill. ; 25 cm.
ISBN
0899302025 (lib. bdg. : alk. paper)
format(s)
Book
Holdings
More Details
added author
imprint
New York : Quorum Books, 1987.
isbn
0899302025 (lib. bdg. : alk. paper)
catalogue key
3484322
 
Includes bibliographical references and index.
A Look Inside
Full Text Reviews
Appeared in Choice on 1988-01:
Nevaer and Deck begin with the premise that the current high levels of federal debt will remain undiminished; the authors term this the ``deficit economy.'' The implications from such an economy, contend the authors, are sustained high real interest rates, continuing trade deficits, and capital inflows from abroad. American businesses will then face issues such as currency revaluations, government crowding out, difficulties in real capital formation, and increasingly complicated tax policies. The second part of this interesting and timely book examines various strategies and techniques available to firms operating in such an environment. The authors note that successful firms in the deficit economy will increase their liquidity, enhance their cash management procedures, and devote more resources to long-term financial planning. Furthermore, increased emphasis on pension management and tax planning will be necessary. The last section of this book is a look beyond the deficit economy. The authors suggest that unless public policy initiatives are taken to refund or repudiate a portion of the outstanding debt, the result will be a reduction in the American standard of living and stagnant economic growth. This book is well written and solidly researched. It is not one of the typical doom-and-gloom books that periodically appear predicting a depression. A worthwhile acquisition for any academic or public library seeking current works in economics and public finance.-S.P. Ferris, Virginia Polytechnic Institute and State University
Reviews
This item was reviewed in:
Choice, January 1988
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Summaries
FreeMarker template error (HTML_DEBUG mode; use RETHROW in production!)

Java method "static ca.utoronto.library.utl.bowker.Annotation_TypeMap.getAnnotationType(String)" threw an exception; see cause exception in the Java stack trace.

----
FTL stack trace ("~" means nesting-related):
	- Failed at: ${AnnotationTypes.getAnnotationType(s...  [in template "WEB-INF/details/look_inside/summaries.ftl" at line 5, column 54]
	- Reached through: #include "look_inside/summaries.ftl"  [in template "WEB-INF/details/details_look_inside.ftl" at line 24, column 25]
	- Reached through: #include "details/details_look_inside...  [in template "WEB-INF/details.ftl" at line 325, column 41]
----

Java stack trace (for programmers):
----
freemarker.core._TemplateModelException: [... Exception message was already printed; see it above ...]
	at freemarker.ext.beans._MethodUtil.newInvocationTemplateModelException(_MethodUtil.java:311)
	at freemarker.ext.beans._MethodUtil.newInvocationTemplateModelException(_MethodUtil.java:275)
	at freemarker.ext.beans.SimpleMethodModel.exec(SimpleMethodModel.java:80)
	at freemarker.core.MethodCall._eval(MethodCall.java:62)
	at freemarker.core.Expression.eval(Expression.java:78)
	at freemarker.core.Dot._eval(Dot.java:38)
	at freemarker.core.Expression.eval(Expression.java:78)
	at freemarker.core.DefaultToExpression._eval(DefaultToExpression.java:80)
	at freemarker.core.Expression.eval(Expression.java:78)
	at freemarker.core.Expression.evalAndCoerceToString(Expression.java:82)
	at freemarker.core.DollarVariable.accept(DollarVariable.java:41)
	at freemarker.core.Environment.visit(Environment.java:324)
	at freemarker.core.MixedContent.accept(MixedContent.java:54)
	at freemarker.core.Environment.visitByHiddingParent(Environment.java:345)
	at freemarker.core.IteratorBlock$IterationContext.executeNestedBlockInner(IteratorBlock.java:240)
	at freemarker.core.IteratorBlock$IterationContext.executeNestedBlock(IteratorBlock.java:220)
	at freemarker.core.IteratorBlock$IterationContext.accept(IteratorBlock.java:194)
	at freemarker.core.Environment.visitIteratorBlock(Environment.java:572)
	at freemarker.core.IteratorBlock.acceptWithResult(IteratorBlock.java:78)
	at freemarker.core.IteratorBlock.accept(IteratorBlock.java:64)
	at freemarker.core.Environment.visit(Environment.java:324)
	at freemarker.core.MixedContent.accept(MixedContent.java:54)
	at freemarker.core.Environment.visit(Environment.java:324)
	at freemarker.core.Environment.include(Environment.java:2072)
	at freemarker.core.Include.accept(Include.java:167)
	at freemarker.core.Environment.visitByHiddingParent(Environment.java:345)
	at freemarker.core.ConditionalBlock.accept(ConditionalBlock.java:48)
	at freemarker.core.Environment.visit(Environment.java:324)
	at freemarker.core.MixedContent.accept(MixedContent.java:54)
	at freemarker.core.Environment.visit(Environment.java:324)
	at freemarker.core.Environment.include(Environment.java:2072)
	at freemarker.core.Include.accept(Include.java:167)
	at freemarker.core.Environment.visitByHiddingParent(Environment.java:345)
	at freemarker.core.ConditionalBlock.accept(ConditionalBlock.java:48)
	at freemarker.core.Environment.visit(Environment.java:324)
	at freemarker.core.MixedContent.accept(MixedContent.java:54)
	at freemarker.core.Environment.visit(Environment.java:324)
	at freemarker.core.Environment.process(Environment.java:302)
	at freemarker.template.Template.process(Template.java:325)
	at freemarker.ext.servlet.FreemarkerServlet.process(FreemarkerServlet.java:725)
	at freemarker.ext.servlet.FreemarkerServlet.doGet(FreemarkerServlet.java:642)
	at javax.servlet.http.HttpServlet.service(HttpServlet.java:617)
	at javax.servlet.http.HttpServlet.service(HttpServlet.java:717)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:290)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:206)
	at org.apache.catalina.core.ApplicationDispatcher.invoke(ApplicationDispatcher.java:646)
	at org.apache.catalina.core.ApplicationDispatcher.processRequest(ApplicationDispatcher.java:436)
	at org.apache.catalina.core.ApplicationDispatcher.doForward(ApplicationDispatcher.java:374)
	at org.apache.catalina.core.ApplicationDispatcher.forward(ApplicationDispatcher.java:302)
	at ca.utoronto.library.utl.ControllerServlet.doGet(Unknown Source)
	at javax.servlet.http.HttpServlet.service(HttpServlet.java:617)
	at javax.servlet.http.HttpServlet.service(HttpServlet.java:717)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:290)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:206)
	at org.apache.catalina.core.ApplicationDispatcher.invoke(ApplicationDispatcher.java:646)
	at org.apache.catalina.core.ApplicationDispatcher.processRequest(ApplicationDispatcher.java:436)
	at org.apache.catalina.core.ApplicationDispatcher.doForward(ApplicationDispatcher.java:374)
	at org.apache.catalina.core.ApplicationDispatcher.forward(ApplicationDispatcher.java:302)
	at ca.utoronto.library.utl.RootFilter.doFilter(Unknown Source)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:235)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:206)
	at org.apache.catalina.core.StandardWrapperValve.invoke(StandardWrapperValve.java:233)
	at org.apache.catalina.core.StandardContextValve.invoke(StandardContextValve.java:191)
	at org.apache.catalina.authenticator.AuthenticatorBase.invoke(AuthenticatorBase.java:470)
	at org.apache.catalina.core.StandardHostValve.invoke(StandardHostValve.java:127)
	at org.apache.catalina.valves.ErrorReportValve.invoke(ErrorReportValve.java:102)
	at org.apache.catalina.core.StandardEngineValve.invoke(StandardEngineValve.java:109)
	at org.apache.catalina.connector.CoyoteAdapter.service(CoyoteAdapter.java:293)
	at org.apache.jk.server.JkCoyoteHandler.invoke(JkCoyoteHandler.java:190)
	at org.apache.jk.common.HandlerRequest.invoke(HandlerRequest.java:291)
	at org.apache.jk.common.ChannelSocket.invoke(ChannelSocket.java:776)
	at org.apache.jk.common.ChannelSocket.processConnection(ChannelSocket.java:705)
	at org.apache.jk.common.ChannelSocket$SocketConnection.runIt(ChannelSocket.java:898)
	at org.apache.tomcat.util.threads.ThreadPool$ControlRunnable.run(ThreadPool.java:690)
	at java.lang.Thread.run(Thread.java:701)
Caused by: java.lang.NullPointerException
	at ca.utoronto.library.utl.bowker.Annotation_TypeMap.getAnnotationType(Unknown Source)
	at sun.reflect.GeneratedMethodAccessor172.invoke(Unknown Source)
	at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
	at java.lang.reflect.Method.invoke(Method.java:622)
	at freemarker.ext.beans.BeansWrapper.invokeMethod(BeansWrapper.java:1458)
	at freemarker.ext.beans.SimpleMethodModel.exec(SimpleMethodModel.java:71)
	... 72 more