CREDIT RISK, CREDIT RATINGS, AND MUNICIPAL BOND YIELDS: A PANEL STUDY
- 1 December 1991
- journal article
- research article
- Published by University of Chicago Press in National Tax Journal
- Vol. 44 (4.1) , 41-56
- https://doi.org/10.1086/ntj41788921
Abstract
This paper uses a panel data set of general obligation bond issues to examine the channels through which a municipality's credit quality affects its borrowing rate. The paper considers both the dir...Keywords
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