The havoc brought by extreme weather events triggers well-documented adverse effects on
human health, communities' resources and economic development. In this paper, we focus …

While government fiscal gap is traditionally considered a demand factor for the use of public-
private partnerships (PPPs) to deliver public services, a high level of fiscal gap may signal …

Improving transparency of prices paid by government can improve market and government
efficiency. Governments regularly pay to access capital markets, yet municipal bond …

Since the inception of the financial crisis in late 2008, the municipal bond market has
undergone tremendous disruption. While some parts of the market are returning to normal …

This article explores the effects of credit enhancement, and downgrades to credit
enhancement providers, on the costs to municipal issuers for holding variable rate debt …

Conventional financial planning wisdom surrounding municipal bonds suggests that as
income increases, so should the likelihood of municipal bond investment (to offer legal tax …

Most current Eurobond proposals imply substantial cross-subsidisation since some
countries partially pay the risk premia for others, thus creating moral hazard and …

This study of the City of San Jose's Parks and Recreation General Obligation (GO) Bond
Measure seeks to identify the politics-, management-, and planning-related lessons learned …

This study examines investors' risk-averse behavior in the municipal bond market during the
financial crisis of 2008. It employs a dataset from 1989 to 2014 and the Box-Jenkins time …

Access to cash can affect the ability of local governments to respond to crises. Federal aid to
local governments can supply this liquidity directly, though the effectiveness on a dollar-per …