Bond banks : a state assistance program that helps reduce new issue borrowing costs
Note:In Public administration review. -- Vol. 43 - no. 2 (Mar.-Apr. 1983)
Summary:One state assistance program that hold promise in reducing borrowing costs is the formation of a state bond bank. The purpose of this paper is to investigate empirically whether bond banks lower municipal borrowing costs, and if so, to what types of issuer do the benefits accrue.