Dag Detter | |
---|---|
Nationality | Swedish |
Alma mater | Lund University |
Notable work | The Public Wealth of Nations |
Website | |
detterco |
Dag Detter is a Swedish investment advisor, as well as an author and speaker on the topic of public commercial assets. [1] He is the former President of Stattum and Director at the Swedish Ministry of Industry, leading the restructuring of the government portfolio of public assets during the reforms 1998-2001. [2] [3] [4]
Together with Stefan Fölster, he is the author of two books, including The Public Wealth of Nations : How Management of Public Assets Can Boost or Bust Economic Growth (Palgrave, 2015), [5] included in The Economist — Books of the Year 2015 [6] and the Financial Times FT's Best Books of the Year 2015. [7] The book argues that better management of public assets would increase global living standards and improve the fabric of democratic institutions. [8]
In 2017 The Brookings Institution Press published The Public Wealth of Cities : How to Unlock Hidden Assets to Boost Growth and Prosperity. This book focuses on the local level of governments and says that while many cities and counties are scrambling to find money to survive, they are sitting on an enormous untapped wealth which could be used to pay not only for infrastructure but also investments in any important social functions [9] The book states that economic vitality and financial stability to cities could be achieved by focusing on public wealth and shifting attention and resources from short-term spending to longer-term investments [10] through the creation of urban wealth funds.
Detter has also written for the Financial Times, [11] The Wall Street Journal , [12] Project Syndicate , [13] Foreign Affairs , [14] Foreign Policy , [15] International Monetary Fund , [16] The World Bank , [17] Chicago Tribune , [18] Public Finance , [19] and The Globe and Mail , [20] as well as the World Economic Forum . [21]
The book 'Public Net Worth' (co-authored) was selected by Martin Wolf as one of Financial Times "Best summer books of 2024: Economics". [22]
The economy of Indonesia is a mixed economy with dirigiste characteristics, and it is one of the emerging market economies in the world and the largest in Southeast Asia. As an upper-middle income country and member of the G20, Indonesia is classified as a newly industrialized country. Estimated at over 21 quadrillion rupiah in 2023, it is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP). Indonesia's internet economy reached US$77 billion in 2022, and is expected to cross the US$130 billion mark by 2025. Indonesia depends on the domestic market and government budget spending and its ownership of state-owned enterprises. The administration of prices of a range of basic goods also plays a significant role in Indonesia's market economy. However, since the 1990s, the majority of the economy has been controlled by individual Indonesians and foreign companies.
The economy of Singapore is a highly developed mixed market economy with dirigiste characteristics. Singapore's economy has been consistently ranked as the most open in the world, the joint 4th-least corrupt, and the most pro-business. Singapore has low tax-rates and the second highest per-capita GDP in the world in terms of purchasing power parity (PPP). The Asia-Pacific Economic Cooperation (APEC) is headquartered in Singapore.
Citigroup Inc. or Citi is an American multinational investment bank and financial services company in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.
National accounts or national account systems (NAS) are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. These include detailed underlying measures that rely on double-entry accounting. By design, such accounting makes the totals on both sides of an account equal even though they each measure different characteristics, for example production and the income from it. As a method, the subject is termed national accounting or, more generally, social accounting. Stated otherwise, national accounts as systems may be distinguished from the economic data associated with those systems. While sharing many common principles with business accounting, national accounts are based on economic concepts. One conceptual construct for representing flows of all economic transactions that take place in an economy is a social accounting matrix with accounts in each respective row-column entry.
High-net-worth individual (HNWI) is a technical term used in the financial services industry to designate individuals who maintain liquid assets at or above a certain threshold. Typically, these individuals are defined as holding financial assets valued over US$1 million. A secondary level, a very-high-net-worth individual (VHNWI), references an individual with a net worth of at least US$5 million. The terminal level, an ultra-high-net-worthindividual (UHNWI) holds US$30 million in investible assets. Individuals with a net worth of over US$1 billion are considered to occupy a special bracket of the UHNWI. These thresholds are broadly used in studies of wealth inequality, government regulation, investment suitability requirements, marketing, financing standards, and general corporate strategy.
Oracle Financial Services Software Limited (OFSS) is a subsidiary of Oracle Corporation. It is involved in financial and insurance technology.
Quantitative easing (QE) is a monetary policy action where a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity. Quantitative easing is a novel form of monetary policy that came into wide application after the financial crisis of 2007–2008. It is used to mitigate an economic recession when inflation is very low or negative, making standard monetary policy ineffective. Quantitative tightening (QT) does the opposite, where for monetary policy reasons, a central bank sells off some portion of its holdings of government bonds or other financial assets.
A sovereign wealth fund (SWF), or sovereign investment fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank.
An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding capital stocks, bonds, and cash. The term is a relatively loose one and includes tangible assets such as precious metals, collectibles and some financial assets such as real estate, commodities, private equity, distressed securities, hedge funds, exchange funds, carbon credits, venture capital, film production, financial derivatives, cryptocurrencies, non-fungible tokens, and Tax Receivable Agreements. Investments in real estate, forestry and shipping are also often termed "alternative" despite the ancient use of such real assets to enhance and preserve wealth. Alternative investments are to be contrasted with traditional investments.
A bad bank is a corporate structure which isolates illiquid and high risk assets held by a bank or a financial organisation, or perhaps a group of banks or financial organisations. A bank may accumulate a large portfolio of debts or other financial instruments which unexpectedly become at risk of partial or full default. A large volume of non-performing assets usually make it difficult for the bank to raise capital, for example through sales of bonds. In these circumstances, the bank may wish to segregate its good assets from its bad assets through the creation of a bad bank. The goal of the segregation is to allow investors to assess the bank's financial health with greater certainty. A bad bank might be established by one bank or financial institution as part of a strategy to deal with a difficult financial situation, or by a government or some other official institution as part of an official response to financial problems across a number of institutions in the financial sector.
Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". At its core, impact investing is about an alignment of an investor's beliefs and values with the allocation of capital to address social and/or environmental issues.
UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Headquartered in Zürich, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. UBS client services are known for their strict bank–client confidentiality and culture of banking secrecy. Because of the bank's large positions in the Americas, EMEA and Asia Pacific markets, the Financial Stability Board considers it a global systemically important bank.
Infrastructure is a platform for governance, commerce, and economic growth and is "a lifeline for modern societies". It is the hallmark of economic development.
Stefan Fölster is a Swedish economist and author. He is the president of the Swedish Reform Institute and an associate professor at the KTH Royal Institute of Technology in Stockholm.
The Public Wealth of Nations: How Management of Public Assets Can Boost or Bust Economic Growth is a non-fiction book, co-authored by Dag Detter and Stefan Fölster, stating that governments have trillions of dollars in commercial assets, from companies and forests to real estate, but they are often poorly managed.
John G. Taft is an American financier and writer. He is currently a Vice Chairman of Baird and member of the firm's executive committee.
IIFL Wealth Management Ltd. is an Indian wealth management firm, headquartered in Mumbai, India. The company has a presence in 7 countries and 23 locations in India. It offers wealth management, asset management, portfolio management services, investment products, treasury services, estate planning and lending among others. The company has been rated as A1+ by rating agencies such as CRISIL and ICRA.
An Urban Wealth Fund (UWF), Local Wealth Fund, or Community investment fund is a local government-owned Public Wealth Fund, a holding company that owns, manages, and develops operational and real estate assets, mainly within its jurisdiction at the city, county or regional level of public administration. Government surpluses could also be invested in bonds, equities such as the stock market, or private equity.
The Public Wealth of Cities: How to Unlock Hidden Assets to Boost Growth and Prosperity is a non-fiction book, co-authored by Dag Detter and Stefan Fölster, the authors that wrote The Public Wealth of Nations, a book that both The Economist and the Financial Times listed among the best book of the year in 2015.
A public wealth fund (PWF) is a centralised government ownership vehicle structured as a holding company that owns, manages and develop operational and real estate assets, based mainly within its jurisdiction. A public wealth fund at the national level is often called a national wealth fund. Examples include Temasek in Singapore, Solidium in Finland, ÖBAG in Austria, LCR in the United Kingdom, as well as Vasakronan and Jernhusen in Sweden.