THE IMPACT OF A STATE BOND GUARANTEE ON STATE CREDIT MARKETS AND INDIVIDUAL MUNICIPALITIES: ABSTRACT

This paper examines the overall effect of a state bond guarantee on state credit markets and individual municipalities. We analyze the Texas School Bond Guarantee program and its impact on the borrowing cost of school districts and other municipalities within the state. We found that although the cr...

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Veröffentlicht in:	National tax journal 1988-06, Vol.41 (2), p.235
Hauptverfasser:	Hsueh, L Paul, Kidwell, David S
Format:	Artikel
Sprache:	eng
Schlagworte:	Bond issues Bond markets Bond ratings Cost control Credit ratings Default Institutional investments Insurance applications Interest costs Interest rates Market segmentation Municipal bonds Ratings & rankings
Online-Zugang:	Volltext
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