State and local financial instruments : policy changes and management /

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Bibliographic Details
Main Authors: Johnson, Craig L. (Craig Lawrence) (Author)
Group Author: Luby, Martin J.; Moldogaziev, Temirlan Tilekovich.
Published: Edward Elgar,
Publisher Address: Cheltenham, UK ; Northampton, MA, USA :
Publication Dates: [2014]
Literature type: Book
Language: English
Series: Studies in fiscal federalism and state-local finance
Subjects:
Carrier Form: viii, 274 pages : illustrations ; 24 cm.
Bibliography: Includes bibliographical references (pages 246-264) and index.
ISBN: 9781783476169 :
Index Number: HG4952
CLC: F817.126
Call Number: F817.126/J665
Contents: Introduction -- The tax exemption of municipal debt -- States as fiscal 'sovereigns': implications for ability and willingness to pay in full and on time -- The federalist framework: fiscal sovereignty, federal regulation and disclosure -- Subnational government debt financial management I: financing principles and policies -- Subnational government debt financial management II: bringing an issue to market: networks and practices -- The serial debt issue structure -- Secondary market disclosure -- Financing engineering -- Reducing debt service by refunding debt -- Lessons learned from the birth, growth and collapse of the municipal auction rate securities (MARS) market -- Enhancing municipal credit -- 'Non-traditional' capital financing mechanisms -- Conclusion -- Appendixes: A. Review of time value of money -- B. Basic principles of valuing debt instruments.