Municipal Bond Sales in Foreign Markets: Experience and Results |
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| Authors: | Jim Ramsey Merl Hackbart |
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| Institution: | Vice-president for finance and administration and professor of economics at Western Kentucky University.;Professor of finance and public administration at the University of Kentucky, Lexington, KY 40506-2911. |
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| Abstract: | This article reviews the issue of state economic development financial incentives and the more development specific issue of engaging foreign capital markets as a source of funds for state industrial incentive in the post-TRA86 environment. An ex post empirical analysis of such a transaction is provided by revisiting the KDFA yen bond transaction. Observations and policy conclusions are also discussed. |
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