Fiscal determinants of state borrowing costs
By: MARKS, Barry R
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Contributor(s): RAMAN, Krishnamurthy K.
Material type: 
ArticlePublisher: New York : Marcel Dekker, 1987International Journal of Public Administration - IJPA 9, 2, p. 115-126Abstract: This paper examines the fiscal determinants of net interest cost on new State general obligation bond issues. Our empirical results indicate that actual fiscal performance does have information content for States' borrowing costs beyond the information already impounded in bond ratings.
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This paper examines the fiscal determinants of net interest cost on new State general obligation bond issues. Our empirical results indicate that actual fiscal performance does have information content for States' borrowing costs beyond the information already impounded in bond ratings.
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