Andrei Guter-Sandu
Biographic Data
| ID | 1522496 |
|---|---|
| NAME | Andrei Guter-Sandu |
| GIVEN NAMES | Andrei |
| FAMILY NAME | Guter-Sandu |
| SIGNATURE | GUTER-SANDU A |
| AFFILIATIONS | London School of Economics and Political Science |
| ORCID | 0000-0003-3143-6555 |
| VERIFIED | Yes |
| TOTAL WORKS | 7 |
| TOTAL CITATIONS | 20 |
| AUTHOR COUNT | 7 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2020 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 3 |
Off the books, onto the bills
What explains the United Kingdom’s relative success in mobilizing private capital for high‐risk, low‐carbon infrastructure? This paper argues that the answer is levy‐backed derisking: a green macro‐financial regime that channels system‐level risks into standardized, levy‐funded revenue streams administered by arm’s‐length counterparties. Examining Contracts for Difference, the Capacity Market, nuclear Regulated Asset Base financing and anticipato…
State Finance Beyond the Core Budget
The state is often perceived as a unitary fiscal actor, operating through a core budget managed by the treasury. However, recent scholarship increasingly emphasizes the role of off-balance-sheet fiscal agencies (OBFAs)—entities distinct from the treasury but tasked with similar fiscal activities, often backed by implicit or explicit state guarantees. This creates a complex and historically contingent “fiscal ecosystem,” shaped by political, econo…
Schrödinger’s off-balance-sheet fiscal agency
Monetary architecture and the Green Transition
How to finance the Green Transition toward net-zero carbon emissions remains an open question. The literature either operates within a market-failure paradigm that calls for carbon taxes or cap-and-trade to help markets correct themselves, or via war finance analogies that offer a "triad" of state intervention possibilities: taxation, treasury borrowing, and central bank money creation. These frameworks often lack a thorough conceptualization of …
The Governance of Social Risks
Despite having been around for a decade now, Social Impact Bonds (SIBs) – payment by result contracts funding social programmes – are still a niche instrument. Constituting but a fraction of the overall impact investment sector, they were expected to grow much faster and augur a new model of pursuing social policy objectives. Whilst this has not yet occurred, they nevertheless continue to benefit from a great degree of political support and acade…
The Eurozone’s Evolving Fiscal Ecosystem
The original Maastricht regime designed the Eurozone’s fiscal segment in a way that sought to keep member states’ treasury budgets balanced by disciplining them through market forces, reducing the overall volume of public indebtedness, prohibiting monetary financing, and avoiding that Eurozone treasuries bail each other out. In this article, we analyse how these ‘neoliberal’ rules for fiscal governance have been gradually superseded by an alterna…
Theorising resilience
This article analyses responses in the Russian media to the economic sanctions imposed in the wake of the annexation of Crimea. We look at the near-Kremlin figure Dmitry Kiselyov, explaining how elite actors employ persuasive tools in order to fashion and promote collective resilience not only as a value, but also as part of a quest for a post-Soviet identity. We show how resilience in the face of economic hardship is built and sustained, ensurin…
The Eurozone’s Evolving Fiscal Ecosystem
The original Maastricht regime designed the Eurozone’s fiscal segment in a way that sought to keep member states’ treasury budgets balanced by disciplining them through market forces, reducing the overall volume of public indebtedness, prohibiting monetary financing, and avoiding that Eurozone treasuries bail each other out. In this article, we analyse how these ‘neoliberal’ rules for fiscal governance have been gradually superseded by an alterna…
The Governance of Social Risks
Despite having been around for a decade now, Social Impact Bonds (SIBs) – payment by result contracts funding social programmes – are still a niche instrument. Constituting but a fraction of the overall impact investment sector, they were expected to grow much faster and augur a new model of pursuing social policy objectives. Whilst this has not yet occurred, they nevertheless continue to benefit from a great degree of political support and acade…
Theorising resilience
This article analyses responses in the Russian media to the economic sanctions imposed in the wake of the annexation of Crimea. We look at the near-Kremlin figure Dmitry Kiselyov, explaining how elite actors employ persuasive tools in order to fashion and promote collective resilience not only as a value, but also as part of a quest for a post-Soviet identity. We show how resilience in the face of economic hardship is built and sustained, ensurin…
Monetary architecture and the Green Transition
How to finance the Green Transition toward net-zero carbon emissions remains an open question. The literature either operates within a market-failure paradigm that calls for carbon taxes or cap-and-trade to help markets correct themselves, or via war finance analogies that offer a "triad" of state intervention possibilities: taxation, treasury borrowing, and central bank money creation. These frameworks often lack a thorough conceptualization of …
Schrödinger’s off-balance-sheet fiscal agency
Theorising resilience
This article analyses responses in the Russian media to the economic sanctions imposed in the wake of the annexation of Crimea. We look at the near-Kremlin figure Dmitry Kiselyov, explaining how elite actors employ persuasive tools in order to fashion and promote collective resilience not only as a value, but also as part of a quest for a post-Soviet identity. We show how resilience in the face of economic hardship is built and sustained, ensurin…
The Governance of Social Risks
Despite having been around for a decade now, Social Impact Bonds (SIBs) – payment by result contracts funding social programmes – are still a niche instrument. Constituting but a fraction of the overall impact investment sector, they were expected to grow much faster and augur a new model of pursuing social policy objectives. Whilst this has not yet occurred, they nevertheless continue to benefit from a great degree of political support and acade…
The Eurozone’s Evolving Fiscal Ecosystem
The original Maastricht regime designed the Eurozone’s fiscal segment in a way that sought to keep member states’ treasury budgets balanced by disciplining them through market forces, reducing the overall volume of public indebtedness, prohibiting monetary financing, and avoiding that Eurozone treasuries bail each other out. In this article, we analyse how these ‘neoliberal’ rules for fiscal governance have been gradually superseded by an alterna…
Monetary architecture and the Green Transition
How to finance the Green Transition toward net-zero carbon emissions remains an open question. The literature either operates within a market-failure paradigm that calls for carbon taxes or cap-and-trade to help markets correct themselves, or via war finance analogies that offer a "triad" of state intervention possibilities: taxation, treasury borrowing, and central bank money creation. These frameworks often lack a thorough conceptualization of …
Off the books, onto the bills
What explains the United Kingdom’s relative success in mobilizing private capital for high‐risk, low‐carbon infrastructure? This paper argues that the answer is levy‐backed derisking: a green macro‐financial regime that channels system‐level risks into standardized, levy‐funded revenue streams administered by arm’s‐length counterparties. Examining Contracts for Difference, the Capacity Market, nuclear Regulated Asset Base financing and anticipato…
State Finance Beyond the Core Budget
The state is often perceived as a unitary fiscal actor, operating through a core budget managed by the treasury. However, recent scholarship increasingly emphasizes the role of off-balance-sheet fiscal agencies (OBFAs)—entities distinct from the treasury but tasked with similar fiscal activities, often backed by implicit or explicit state guarantees. This creates a complex and historically contingent “fiscal ecosystem,” shaped by political, econo…
Schrödinger’s off-balance-sheet fiscal agency
Economics (5 works) · Fiscal Policies and Political Economy (4 works) · Balance sheet (3 works) · European Monetary and Fiscal Policies (3 works) · Finance (3 works) · Politics (3 works) · Sociology (3 works) · Balance (ability (2 works) · Corporate governance (2 works) · Economic Theory and Policy (2 works)