State and Local Financial Instruments

Craig L. Johnson, Martin J. Luby and Tima T. Moldogaziev

in Books from Edward Elgar Publishing

Abstract: The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nation’s essential physical infrastructure.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2021
ISBN: 9781800370920
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Chapters in this book:

Ch 1 Introduction to State and Local Financial Instruments , pp 1-22

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Ch 2 The tax exemption of municipal debt , pp 24-38

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Ch 3 States as fiscal sovereigns: implications for ability and willingness to pay in full and on time , pp 39-57

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Ch 4 The federalist framework: fiscal sovereignty, federal regulation, and disclosure , pp 58-71

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Ch 5 Subnational government debt financial management I: financing principles and policies , pp 73-82

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Ch 6 Subnational government debt financial management II: bringing an issue to market: networks and practices , pp 83-101

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Ch 7 The serial debt issue structure , pp 102-119

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Ch 8 Secondary market disclosure , pp 120-139

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Ch 9 Financial engineering , pp 142-151

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Ch 10 Reducing debt service by refunding debt , pp 152-163

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Ch 11 Lessons learned from the birth, growth, and collapse of the municipal auction rate securities (MARS) market , pp 164-185

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Ch 12 Enhancing municipal credit , pp 186-204

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Ch 13 Non-traditional capital financing mechanisms and strategies , pp 205-219

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Ch 14 Conclusion to State and Local Financial Instruments , pp 220-223

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