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11.08.2013

New book a “must-have resource” on public financial management

Faculty members from the Duke Center for International Development (DCID) co-edited and contributed to a book that was recently lauded in the International Monetary Fund’s Public Financial Management Blog as “inarguably the most comprehensive PFM publication to date.” Philip Joyce of the University of Maryland’s School of Public Policy and Juan Pablo Martinez Guzman of the Inter-American Development Bank called The International Handbook of Public Financial Management a “must-have resource” for practitioners, academics and consultants.

“Every topic covered is analyzed both through the lens of how ideal PFM systems should be designed and how they are to be implemented given specific country scenarios,” they wrote. “Each chapter of the book combines evidence from developed and developing countries; emphasizing institutional arrangements, political economy constraints, and the interrelations between systems.”

Richard Hemming, visiting professor of the practice of public policy at DCID, co-edited the book with Richard Allen and Barry Potter. All three are former staff members of the Fiscal Affairs Department of the IMF.

Professor Hemming also wrote chapters on the macroeconomic framework for managing public finances and the role of independent fiscal agencies, as well as co-authoring two other chapters, while Professors Graham Glenday and Roy Kelly were the sole or co-authors of chapters on tax design, revenue forecasting and fiscal federalism.  All three professors are core faculty in the Public Financial Management specialization within Duke University’s Master of International Development Policy (MIDP) program.

“This book benefits from the views of the different authors, many of whom are the leading experts on the topics covered by the many chapters,” Joyce and Guzman wrote. “Readers will benefit greatly not just from learning about the topics, but by learning about them from these world-reckoned experts.”

The book was published in August by Palgrave Macmillan.

Learn more about the Public Financial Management specialization within the MIDP program.