Municipal Securities
Literature Review on Municipal Securities
In the Encyclopedia of Public Administration and Public Policy, [1] Mark D. Robbins and Bill Simonsen provide the following summary about the topic of Municipal Securities: Governments borrow money for various reasons, including the need to maintain liquidity, to obtain interim financing, and to support the construction of major capital projects. The selection of a particular type of municipal security needs to match the needs of the issuer at a particular moment in time, but each type of security possesses certain attributes that make it more or less attractive to governments and investors. These attributes, and the mechanics of the bond issues themselves, combine to present governments with a series of trade-offs when selecting a financing mechanism.
Resources
Notes and References
- Entry about Municipal Securities in the Encyclopedia of Public Administration and Public Policy (2015, Routledge, Oxford, United Kingdom)
See Also
Further Reading
- Global Encyclopedia of Public Administration, Public Policy, and Governance (2018, Springer International Publishing, Germany)
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