Description
Book SynopsisMost of the schools built in the United States, as well as many public facilities, must be financed by borrowing in the capital markets. Until recently, when strongly competing capital demands have interfered, the privilege of tax exemption has made state and local government borrowing relatively easy. Dr. Robinson has made an extensive study of th
Table of Contents*Frontmatter, pg. i*Relation of The Directors to The Work and Publications of The National Bureau of Economic Research, pg. vi*Foreword, pg. ix*Preface, pg. xiii*Contents, pg. xvii*Tables, pg. xxi*Charts, pg. xxiv*Summary and Conclusions, pg. 1*Chapter 1. Problems of the Market for State and Local Government Securities, pg. 19*Chapter 2. The Demand for Funds by State and Local Governments, pg. 37*Chapter 3. The Supply of Funds by Investors in State and Local Government Obligations, pg. 67*Chapter 4. The Marketing of New State and Local Government Issues, pg. 101*Chapter 5. The Secondary Market for State and Local Government Obligations, pg. 137*Chapter 6. Tax-Exempt Interest as a Cost to Borrowing Governments and as a Yield to Investors, pg. 158*Chapter 7. The Market for Tax-Exempt Revenue Obligations, pg. 202*Appendix A. Statistics of State and Local Government Debt, 1945-1956, pg. 213*Appendix B. Results of Conventional (Nonaccrual) Method of Computing Interest Cost Which Prevails in Competitive Bidding for State and Local Government Issues, pg. 217*Index, pg. 225
