The Tribal Finance Information Clearinghouse

这项为期一年的规划赠款将探讨以下主题的可行性。智力功绩美洲印第安部落政府为其部落成员提供广泛的服务，提供这些服务需要资金。不幸的是，部落在获得资本的能力方面历来受到限制，这是经济发展的一个主要障碍。尽管一些部落经济已经扩大，但由于部落债务与州和地方政府发行的市政债务相比受到不利待遇，部落进入资本市场的机会仍然受到损害。为了消除限制部落有效利用资本市场的因素，学术界和决策界-最终是部落本身-需要彻底了解现代部落金融环境。研究与非部落政府实体有关的资本市场的学者可以利用大量的信息系统，但部落政府没有这样的系统。部落不仅在信息上处于劣势，而且信用保险公司和评级机构也无法形成部落金融市场的完整图景。因此，由于缺乏数据造成的不确定性，部落必须为部落筹资支付巨额罚款。此外，部落债务的区别对待相比，其他形式的市政债务的负面影响从来没有经验quantitatively.This跨学科的项目将研究相关的问题，具有经济，社会学和法律的影响的技术授权。原始数据部落与资本市场的互动将被收集和使用，以开发一个分析信息系统，提供了一个全面的了解部落与资本市场的互动，特别是确定这些因素是至关重要的成功或失败的部落的实证基础。更广泛的影响。部落金融系统的发展除了与印第安人国家的经济发展相关外，还将是政府间信息共享的一项工作。联邦承认的部落有550多个，但部落之间几乎没有就资本市场准入问题进行沟通。该项目将通过设计一个系统来鼓励部落披露以前未公开的关于私人放置的金融交易的信息，从而为激励中心设计的新兴经济领域做出贡献，因为这样做的价值随着来自多个部落的数据的可用性而增加-网络效应。

This one-year planning grant will explore the following topic for feasibility.Intellectual Merit American Indian tribal governments provide a wide range of services to their tribal members, and providing these services requires funding. Unfortunately, tribes have historically been limited in their ability to access capital, a major barrier to economic development. Even as some tribal economies have expanded, tribal access to the capital markets remains impaired due to adverse treatment of tribal debt as compared to municipal debt issued by state and local governments. In order to counteract factors that constrain tribes from tapping into the capital markets effectively, the academic and policy-making communities - and ultimately tribes themselves - need a thorough understanding of modern tribal finance contexts. Academics studying the capital markets related to non-tribal governmental entities have access to substantial information systems, but no such system exists for tribal governments. Not only are tribes at an informational disadvantage, but credit insurers and rating agencies also cannot form a complete picture of the tribal finance market. Thus, tribes must pay a significant penalty on tribal financings because of the uncertainty due to the lack of data. Further, the adverse impact of the differential treatment of tribal debt as compared to other forms of municipal debt has never been empirically quantified.This cross-disciplinary project will examine questions related to technological empowerment that have economic, sociological, and legal implications. Original data about tribal interaction with the capital markets will be collected and used to develop an analytical information system, providng the empirical foundations for a comprehensive understanding of tribal interaction with the capital markets, specifically identifying those factors that are critical to the success or failure of tribes. Broader Impact. In addition to its relevance for economic development in Indian Country, developmentof the tribal finance system will also be an exercise in intergovernmental information sharing. More than 550 federally recognized tribes exist; yet almost no communication between tribes regarding capital market access has taken place. This project will contribute to the emerging economic area of incentive-centered design by designing a system to encourage tribes to disclose previously non-public information about privately-placed financial transactions, as the value to them of doing so increases with the availability of data from multiple tribes - a network effect.