Calling All Issuers: The Market for Debt Monitoring
收藏NBER2022-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29790
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资源简介：
95% of long-term municipal bonds have callable features, and yet we find new evidence of a substantial fraction of local governments exercising these valuable options sub-optimally, with significant delays resulting in sizable losses. Using data from 2001 to 2018, we estimate that U.S. municipals
提供机构：
美国国家经济研究局
创建时间：
2022-02-01
