Results 161 to 170 of about 3,370,229 (250)

Bank Opacity and Safe Asset Moneyness

open access: yesJournal of Money, Credit and Banking, Volume 58, Issue 6, Page 1651-1691, September 2026.
Abstract A bank is more effective as a supplier of money‐like safe assets when (i) its return on equity (ROE) is relatively lower and (ii) it is relatively more opaque about its balance sheet. A model is presented to support this, emphasizing that safe asset investors focus on the left tail of the collateral value distribution.
SANG RAE KIM
wiley   +1 more source

Bonds on the Ballot: What Voters (Don't) Know About Debt Financing and Why It Matters

open access: yesPublic Budgeting &Finance, Volume 46, Issue 3, Page 27-39, Fall 2026.
ABSTRACT American subnational governments commonly require voters to approve bond proposals, reflecting historical concerns about legislative shortsightedness. Yet voters need an understanding of how bond financing works to make choices consistent with preferences. Existing literature makes it unclear whether voters have such knowledge.
Shanna Pearson‐Merkowitz   +3 more
wiley   +1 more source

Navigating the Power of the Purse—Fiscal Irresponsibility, Process Failures, and the New Constitutional Stress Test

open access: yesPublic Administration Review, Volume 86, Issue 5, Page 1255-1264, September/October 2026.
ABSTRACT The federal government, and its budget process, are facing unprecedented challenges. The federal debt is at historic levels, the process is in disarray, and the constitutional balance of powers is being challenged as never before. The debt, driven by growth in entitlement spending, stands at $38 trillion and is projected to continue to grow if
Carolyn Bourdeaux   +4 more
wiley   +1 more source

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