000 01558naa a2200217uu 4500
001 9052017544210
003 OSt
005 20190211164939.0
008 090520s2009 xx ||||gr |0|| 0 eng d
100 1 _aSIMONSEN, William
_917268
245 1 0 _aDoes it make any difference anymore? :
_bcompetitive versus negotiated municipal bond issuance
260 _aMalden, MA :
_bBlackwell Publishers,
_cjan./feb. 1996
520 3 _aDo municipal bonds sold through competition have lower interest rates for issuers than negotiated sales? Research done in the 1970s and 1980s suggests that, all else equal, interest costs are generally lower for competitively bid municipal bonds compared to negotiated bond sales. William Simonsen and Mark D. Robbins explore this question in light of changes in the municipal bond market that suggest a need to revisit this question. Their findings indicate that on average, and all else equal, competitive sales result in lower ihterest cost to issuers compared to negotiated sales, and that this difference increases with the number of bids received. This research has added salience given several recent scandals and alleged improprieties in the municipal bond market
590 _apublic administration review par
590 _ajanuary/february 1996
590 _avolume 56 nĂºmero 1
700 1 _aROBBINS, Mark D
_99012
773 0 8 _tPublic administration review : PAR
_g56, 1, p. 57-64
_dMalden, MA : Blackwell Publishers, jan./feb. 1996
_xISSN 00333352
_w
942 _cS
998 _a20090520
_b1754^b
_cTiago
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c29168
_d29168
041 _aeng