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State and Local Financial Instruments

Policy Changes and Management

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

Business & Economics / Public Finance

The ability of a nation to finance its basic infrastructure is essential to its economic well-being in the 21st century. This second edition of State and Local Financial Instruments 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 nationÕs essential physical infrastructure.
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