The delivery of clean drinking water and the treatment of wastewater are critical public
services, and in the United States, they are provided by a complex system of federal, state …

The ability of a nation to finance its basic infrastructure is essential to its economic well-
being in the 21st century. This second edition of State and Local Financial Instruments …

State and local governments seek to save money through fiscal efficiency. One such
mechanism widely studied in the literature is through the choice for financial underwriting of …

Local governments consider a wide range of policies to increase resilience in the face of
myriad risks and employ a variety of tactics to communicate about these policies to external …

Debt is not a bad four-letter word. American subnational governments issue debt in the
municipal securities capital market primarily to finance public projects or build infrastructure …

Abstract A Capital Appreciation Bond (CAB) is a financial instrument that is most attractive as
a resource‐flow management instrument. It bridges multiple fiscal years for jurisdictions …

In this manuscript I provide high quality causal evidence on the role of the Dodd-Frank Act in
lowering the interest costs of municipal securities by improving the quality of financial advice …

The study of how public organizations raise, allocate, and manage financial resources-
known here as budgeting, financial management and accountability-has deep roots in …

Abstract In the United States' system of fiscal federalism, most public infrastructure is
provided by state and local governments. Governments typically fund capital-intensive …