A book from a trio of alumni of the Paul H. O’Neill School of Public and Environmental Affairs has earned the 2023 Best Book in Public Budgeting and Finance Award from the Association for Budgeting and Financial Management.
Temirlan Moldogaziev, an associate professor at the O’Neill School and a 2012 Ph.D. recipient in public management from O’Neill, Christine Martell (Ph.D. in public management, ’00), and Salvador Espinosa (MPA, ’00; Ph.D. in public management, ’08) are authors of “Information Resolution and Subnational Capital Markets,” which assesses the role of information resolution institutions and mechanisms in subnational capital markets around the world. The book guides national and subnational government policy efforts on the best ways to develop and maintain access to capital markets and offers key lessons and strategies for subnational governments, particularly cities, to gain agency through external financing options.
“I’m honored but also humbled by this award,” Moldogaziev said. “ABFM is my home scholarly association, and a recognition from my peers feels like a real professional milestone to me. I look forward to celebrating this award with many of my ABFM colleagues at this year’s annual conference. The award is also made more exciting by the fact that the two other co-authors of this book are also IU O’Neill alums.”
The book was selected for its impressive data collection, the pooling of varied resources, and its description and analysis of subnational capital finance theory and mechanisms. ABFM credited the book for masterfully delineating its theory and past literature on a critically important subject of study while providing practical guidance on fiscal competencies that are useful for cities to gain capital market access.
“I am honored to have our research recognized as being high quality, meaningful, and relevant for theory development and policy import by the ABFM community,” said Martell, who is currently a professor and associate dean for faculty affairs at the University of Colorado-Denver. “The collaborative effort was rewarding—Tima, Salvador, and I made an outstanding team.”
ABFM is a section of the American Society for Public Administration whose mission is to advance the science, process, and art of public administration as it relates to budgeting and financial management. Along with the American Association for Budget and Program Analysis, it is the editorial home of the scholarly journal Public Budgeting & Finance, regarded as the top field journal in public administration and public finance.
Modogaziev, Martell, and Espinosa will be honored during the ABFM annual conference in Denver Oct. 26-28.