Solano, Paul L.; Hoffman, Steven
March 1982
National Tax Journal;Mar82, Vol. 35 Issue 1, p117
Academic Journal
This commentary offers a response to M. T. Katzman's article "Municipal Bond Banking: The Diffusion of a Public-Finance Innovation," which appeared in the June 1980 issue of the "National Tax Journal." Katzman presented a methodology for evaluating the feasibility of a state-wide bond bank. In addition, he offered several observations as to why the diffusion of bond banks has not occurred. The purpose of the commentary is to offer an elaboration and refinement of Katzman's methodology as well as provide more tenable reasons for lack of diffusion. The basis of these observations stem from an analysis of the feasibility of a bond bank for the state of Delaware.


Related Articles

  • Commercial, Savings Banks' 1st Half Portfolios Grew $4.35B. Fine, Jacob // Bond Buyer;10/13/2006, Vol. 358 Issue 32486, p34 

    The article reports that the amount of municipal bonds in the U.S. has increased by $4.35 billion or 3.5% which was held by commercial and savings banks, while during the first half of 2006 it has increased to $128.62 billion on a cost basis. This has been based on the data presented by Highline...

  • The Impact of Municipal Bond Banking on Municipal Interest Costs. Cole, Charles W.; Millar, James A. // Financial Management (1972);Spring82, Vol. 11 Issue 1, p70 

    A municipal bond bank (MBB) is quasi-state municipal credit institution that developed in several New England states in the early 1970s for the express purpose of lowering the borrowing costs of participants by pooling small local debt issues into a larger bond issue to be sold in the larger...

  • Prices Slip a Bit Ahead of Heavier Week in Primary. Johnson, Anastasija; Curran, Bill // Bond Buyer;2/28/2006, Vol. 355 Issue 32328, p2 

    The article discusses a positive sign in municipal bond market as it started a more active week of new issues as a drop in new home sales was not sufficient to take tax-exempt and government bonds higher, after widespread expectations of more rate hikes by the Federal Reserve Board. The Bond...

  • Power Utility Mergers in N.Y., N.J. May Affect Muni Market. Whalen, Robert // Bond Buyer;2/28/2006, Vol. 355 Issue 32328, p4 

    The article discusses the influence of the mergers and acquisitions among New York and New Jersey power providers in the municipal bond market. The planned 7.3 billion acquisition of KeySpan Corp. by National Grid affected the market by roughly $804 million of KeySpan debt, also affecting the...

  • Munis Little Changed as Market Awaits Non-Farm Numbers. Curran, Bill // Bond Buyer;3/10/2006, Vol. 355 Issue 32336, p2 

    The article examines the status of municipal bonds in the United States as the market waits for the February 2006 non-farm payrolls report. According to traders, intermediate paper was slightly weaker during the midday of March 9 but improved by the end of the session. The author also examines...

  • California Bond Election Negotiations Begin to Heat Up as Deadline Looms. Saskal, Rich // Bond Buyer;3/10/2006, Vol. 355 Issue 32336, p36 

    The article reports on the ongoing negotiations in Sacramento as the deadline looms to place a major infrastructure bond package on California's June 6, 2006 primary ballot. Governor Arnold Schwarzenegger has outlined his infrastructure plan, proposing a spending package that included $68...

  • Munis Firm as Heavy Calendar Draws Bidders. Curran, William; Scarchilli, Michael // Bond Buyer;5/25/2006, Vol. 356 Issue 32389, p2 

    The article focuses on the status of municipal bonds in the U.S. Bidders are enticed into the market due to new bond issues including the one billion-dollar of Illinois State Toll Highway Authority bonds. According to traders, tax-exempt yields decline by two or three basis points as dealers...

  • Munis Continue to Weaken on Treasury Performance, $8 Billion in New Issues. Johnson, Anastasija // Bond Buyer;3/30/2004, Vol. 347 Issue 31852, p2 

    Focuses on the weak performance of municipal bonds in the United States during the March 30, 2004 session. Amount of new issues in the market; Total worth of Florida-based Miami-Dade County's aviation revenue and revenue refunding bond offerings on behalf of Miami International Airport.

  • MARKET SNAPSHOT: Monday, March 29.  // Bond Buyer;3/30/2004, Vol. 347 Issue 31852, p2 

    Presents a chart depicting the performance of the municipal bond market in the United States during the March 29, 2004 trading session.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics