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Introducing Municipal Bond Markets in Malaysia : An Assessment of Present Market Characteristics [PDF]

open access: yesMalaysian Management Journal, 2003
In developed countries, urban growth has multiplied the demand for investment in basic infrastructure services such as water supply, waste removal, roads and mass transportation.
Mukaramah Harun   +2 more
doaj   +3 more sources

The Determinants of the Municipal Bonds Market in Romania

open access: yesTransylvanian Review of Administrative Sciences, 2021
Municipal bonds are widely issued by local municipalities as a feasible financial alternative to fund infrastructure projects. On the other side, from the investors’ perspective, bonds issued by municipalities have historically been a popular investment ...
Adriana Tiron-Tudor   +2 more
doaj   +1 more source

Price distortions and municipal bonds premiums: evidence from Switzerland

open access: yesFinancial Innovation, 2021
This study examines the pricing of municipal bonds before and after a currency shock in Switzerland. Two approaches are used to decompose the municipal to treasuries bond spreads into liquidity, maturity, and default risk premiums.
Darko B. Vukovic   +2 more
doaj   +1 more source

Air pollution and local government financing costs: Evidence from the Chinese municipal corporate bond spread

open access: yesBorsa Istanbul Review, 2023
Using a sample of Chinese municipal corporate bonds from 2011 to 2019, this paper investigates the effect of city-level air pollution on local government financing costs.
Xiaokun Wei   +4 more
doaj   +1 more source

Impact of Nonstandard Default Risk of the Urban Investment and Development Companies on the Urban Investment Bond Market

open access: yesSystems, 2023
Under the general trend of reducing leverage and strictly controlling new implicit debts of local governments, the risk of nonstandard defaults by urban investment and development companies (UIDCs) continues to be released, which will increase the credit
Xue Yan   +3 more
doaj   +1 more source

Financing capital expenditure through municipal bond market in Navi Mumbai Municipal Corporation [PDF]

open access: yesPublic and Municipal Finance, 2019
In India, the urban local bodies do not have decentralization in various functions. Therefore, municipal corporations find various issues in functioning and revenue generation.
Sanjay Rode
doaj   +1 more source

The great wall of debt: Real estate, political risk, and Chinese local government financing cost

open access: yesJournal of Finance and Data Science, 2023
Chengtou bond is the only asset with market prices that can capture the funding cost of Chinese local government debt. In contrast to the U.S. municipal bonds, Chengtou bonds are issued by private corporations but implicitly guaranteed by local and the ...
Andrew Ang, Jennie Bai, Hao Zhou
doaj   +1 more source

Integrity of the benchmark price for price testing of US municipal bonds [PDF]

open access: yesZbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 2020
External financial market data institutions (vendors) may provide different prices for the same US municipal bond due to differences among market participants in perception about its market value. The valuation control function will include only selected
Srečko Devjak
doaj   +1 more source

THE EVOLUTION OF MUNICIPAL BOND MARKET IN POLAND

open access: yesEkonomika, 2011
The Act of 29 June 1995 on Bonds has formally launched the development of a market for municipal bonds in Poland. The changes not only affected the legal provisions, but also the attitudes of self-government activists and institutions engaged in the ...
Zofia Łękawa
doaj   +1 more source

DEVELOPMENT OF THE MUNICIPAL BOND MARKET IN POLAND AFTER 1989

open access: yesEkonomika, 2013
. The purpose of the paper is to present the development of the municipal bond market in Poland between 1989 and 2012, a characteristic of municipal bonds and their types, issued in this period.
Paweł Galiński
doaj   +1 more source

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