Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 14 of 14 for “"Municipal Bonds"”.
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Rated municipal bonds: an analysis, classification and extension
… important in analyzing a general obligation municipal bond's investment quality using improved statistical techniques, (2) develop models that accurately classify municipal bonds into investment quality versus non-investment quality using variables identified in the literature and by …
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Municipal Bonds for Financing India's Urban Infrastructure: The Case of Indore
… to bridge the substantial investment gap. Municipal bonds present a viable option for accessing the capital market for long-term debt to finance urban infrastructure. India’s history with municipal bonds dates back to the mid-1990s, yet its municipal bond market is shallow and urban local …
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An Examination Of The Usage Of Grants And Municipal Bonds To Fund Capital Projects For Local Governments
… of funding, that being debt funding through municipal bonds or funding from state and federal grants. This thesis compares and contrasts these two forms of funding, looking at the economic and political risks that can come with using municipal bonds, as well as the need of resources that …
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Municipal bonds in sub-Saharan Africa: the checkered past of debt instruments in an era of incomplete decentralization
… investment projects. Despite the success of municipal bonds as a tool to assist in closing this financing gap in much of the rest of the world, there have been limited examples of success in this region. This study looks at the universal obstacles limiting sub-national governments from using …
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Essays in Financial Economics and Asset Pricing
… prices. Chapter 1, The Information Content of Municipal Bond Auctions, explores the information contents of municipal bond auctions. Based on the auction data of municipalities in the U.S. from the year 2018 to 2019, this paper tests whether the dispersion of bidders’ values leads to …
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The municipal puzzle : a review of the literature
Numerous papers have explored the pricing of municipal bonds relative to taxable instruments. An emerging theme of this literature is the persistently steep municipal term structure, and its incompatibility with prevailing notions of capital market equilibrium. This contradiction is known as the …
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The Municipal Bond Market and Water Utilities: The Impact of Capital Markets on Local Communities and their Water Services
<p>The majority of medium- to large-sized municipal water utilities in the United States rely on the 4 trillion USD municipal bond market to finance all or a portion of their operations, maintenance, and capital improvements. Despite the scale and power of the bond market in setting the guardrails …
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Master lease & leaseback of government owned real estate : a model for a fixed income investment product
… tied up in the ownership of state and municipal government buildings. Today, multiple state and municipal governments face record budget deficits, and are struggling to find ways to raise revenues and decrease annual operating costs in order to close these budget gaps. At the same time, …
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Between paradise and pressure : rethinking sustainable tourism in Labuan Bajo
… inclusive financing mechanisms such as green municipal bonds, and conservation fees for instance and the need of the stronger role for traditional communities in tourism planning. Labuan Bajo’s transformation holds critical lessons not just for Indonesia but for ecologically sensitive …
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Price discovery in commercial mortgage backed securities : what factors determine pricing at origination and after origination in the CMBS market
… to other bond markets such as corporate or municipal bonds. The formation of CMBS data source providers such as Trepp and Intex in recent years has added transparency to the market, but large gaps still remain in available information for CMBS investors, particularly in the secondary trading …
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Funding for adaptation to climate change : the case of Surat
… Evidence comes interviews with key officials, municipal budget data, and public planning documents. The case study suggests that cities can effectively marshal funds from international, national and state sources to invest in climate adaptation. Some of these funding sources explicitly support …
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What is the interplay between auditing and regulatory investigations? Evidence from the municipal bond market
Submission published under a 24 month embargo labeled 'Closed Access', the embargo will last until 2024-05-01
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Optimal Bond Refunding: Evidence From the Municipal Bond Market
… decisions employed by issuers of tax-exempt bonds. Callable bonds contain embedded call options by virtue of provisions in bond indentures that permit the issuing firm to buy back the bond at a predetermined strike price. Such an embedded American call option has two components to its value, …
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Four Essays on Decentralized Markets in Management and Policy
… The first two chapters focus on the U.S. municipal bond market, which serves as the management context, and uses data on all U.S. municipal bond issues for 2004-2016. The first chapter develops a measure of network connectivity for financial advisors in the market, and shows through linear …