附註:Includes bibliographical references (pages 90-100).
Contents -- Abstract -- Acknowledgments -- Glossary of Acronyms -- Glossary of Notation -- Introduction -- What Is the Subsidy Dependence Index? -- What Is Net Present Cost to Society? -- Is the Subsidy Dependence Index Redundant? -- What Does the Rest of the Monograph Cover? -- 1. Why Measure the Social Cost of Public Development Finance Institutions? -- What Is a Public Development Finance Institution? -- Who Bears the Costs and Who Reaps the Benefits of Public Development Finance Institutions?
How Do Public Development Finance Institutions Differ from Other Public Projects?Why Does Society Subsidize Public Development Finance Institutions? -- How Can Society Measure the Benefits of Public Development Finance Institutions? -- What Is the Opportunity Cost to Society of Public Funds Used by Development Finance Institutions? -- Why Does the Measurement of Costs Boost Performance? -- 2. What Is a Measure of the Social Cost of a Public Development Finance Institution in the Short Term? -- How Does a Development Finance Institution Get Subsidies?
What Forms of Subsidized Funds Does a Development Finance Institution Get?Numerical Examples of the Subsidy Dependence Index -- Is Subsidy in the Subsidy Dependence Index Related to a Subsidy-Adjusted Return on Equity? -- How Does the Subsidy Dependence Index Change as Its Parts Change? -- 3. What Is a Measure of the Social Cost of a Public Development Finance Institution in the Long Term? -- How Does the Net Present Cost to Society Discount Flows? -- What Questions Does the Net Present Cost to Society Inform?
What Are the Net Present Cost to Society and the Subsidy Dependence Index in the Long Term for the Example Development Finance Institution?4. What Are the Pitfalls When Calculating the Subsidy Dependence Index or Net Present Cost to Society? -- What Is the Social Opportunity Cost? -- What Can Be Done to Cope with Accounting Data? -- What Are Other Pitfalls and Caveats? -- What Are the Key Caveats? -- 5. Recent Proposed Changes to the Subsidy Dependence Index -- The Subsidy Dependence Ratio of Khandker -- The Profitability Gap of Sacay
The Average Subsidy Dependence Index of Hulme and MosleyAppendix: A Framework to Approximate the Opportunity Costs of Private Entities -- What Is the Price of Private Debt? -- What Is the Price of Private Equity? -- References -- Tables -- 2.1. Types of Subsidized Funds -- 2.2. Balance Sheet -- 2.3. Income Statement -- 2.4. Calculation of the Subsidy Dependence Index -- 2.5. Alternative Calculation of the Subsidy Dependence Index -- 2.6. ROE, SAROE, ROA, and SAROA -- 3.1. Net Present Cost to Society -- 4.1. Balance Sheet with Loan Losses
