State and local financial instruments : policy changes and management /
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Main Authors: | |
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Group Author: | ; |
Published: |
Edward Elgar,
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Publisher Address: | Cheltenham, UK ; Northampton, MA, USA : |
Publication Dates: | [2014] |
Literature type: | Book |
Language: | English |
Series: |
Studies in fiscal federalism and state-local finance
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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. |