State and Local Financial Instruments
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State and Local Financial Instruments Policy Changes and Management

Policy Changes and Management

  • Studies in Fiscal Federalism and State–local Finance series

Craig L. Johnson, Martin J. Luby and Tima T. Moldogaziev

The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This book covers the municipal securities market in the United States from the perspective of its primary capital financing role in a fiscal federalist system, where subnational governments are responsible for financing the nation’s essential physical infrastructure.
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Chapter 1: Introduction

Craig L. Johnson, Martin J. Luby and Tima T. Moldogaziev