By Sylvan G. Feldstein
Книга The guide of Municipal Bonds The guide of Municipal BondsКниги Экономика Автор: Sylvan G. Feldstein, Frank J. Fabozzi Год издания: 2008 Формат: pdf Издат.:Wiley Страниц: 1332 Размер: 8,1 ISBN: 0470108754 Язык: Английский 17 (голосов: 1) Оценка:In The guide of Municipal Bonds, editors Sylvan Feldstein and Frank Fabozzi-along with a couple of skilled contributors-provide you with the sensible suggestions had to be triumphant inside this difficult environment.Whether you are at the buy-side or the sell-side, this trustworthy source bargains a well-rounded examine the municipal bond and its many items. As you move via every one bankruptcy, a special contributor will element a selected point of this field-providing in-depth insights on every little thing from sleek municipal bond portfolio administration to the research of high-yield, high-risk credits sectors.Also integrated are an intensive array of case experiences that conceal quite a lot of bond matters concerning the September 11 disaster, subprime loans, a massive airline financial disaster, and lots more and plenty more.Written with the intense investor in brain, The instruction manual of Municipal Bonds comprises the knowledge you want to make extra proficient judgements inside this ever-evolving undefined. throughout the cutting edge perception of a few of the main revered specialists during this box, you are going to speedy get to grips with the basic components of the municipal bond industry.
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Extra resources for The Handbook of Municipal Bonds
S. , Garcia v. S. 528 (1985), Nevada Dep’t of Human Resources v. S. 721 (2003)), and use conditions attached to federal grants to influence state and local actions (see South Dakota v. S. 203 (1987)). The inherent law-making power of the states includes fiscal affairs. Although the Constitution prohibits certain specific forms of state taxation and imposes other more general rules, such as nondiscrimination against interstate commerce, the states have enormous autonomy with respect to taxation, borrowing, spending, and lending money.
The number of municipal corporations is far more fluid than the number of counties. There were 19,431 municipal corporations in 2002—a 2,624 (or 16%) increase over the 16,807 municipal corporations in 1952. This increase reflects both population growth and dramatic population movements over the last half century. Some municipal corporations are also able to change their boundaries and increase their population through the annexation of unincorporated land. Although municipal corporations account for only a tiny portion of the United States’ total land area, in 2002, nearly 174 million Americans, or almost 62% of the population, lived in cities.
98 (2000), decision indicates, the federal constitution constrains state and local decision making. indd 4 3/9/08 1:22:43 PM The Central Place of States and Local Governments in American Federalism 5 reacted to the events of 2000 with new legislation increasing the federal role in the mechanics of voting. But the 2000 election remains a stunning reminder of how even with respect to our most important national office, states and local governments play a vital role. September 11, 2001—9/11—demonstrated the crucial role of the states and especially local governments in dealing with issues of public safety and security.