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Postwar Market for State and Local Government Securities (Paperback)
Loot Price: R1,181
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Postwar Market for State and Local Government Securities (Paperback)
Series: Princeton Legacy Library
Expected to ship within 10 - 15 working days
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Most 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 the changing market value of tax exemption
and of its effect on the yield of various securities. His analysis,
which shows that the lessened value of tax exemption may well
encourage administrative and financial reform in state and local
governments, is of importance to finance authorities, institutional
investors, and security analysts. Originally published in 1960. The
Princeton Legacy Library uses the latest print-on-demand technology
to again make available previously out-of-print books from the
distinguished backlist of Princeton University Press. These
editions preserve the original texts of these important books while
presenting them in durable paperback and hardcover editions. The
goal of the Princeton Legacy Library is to vastly increase access
to the rich scholarly heritage found in the thousands of books
published by Princeton University Press since its founding in 1905.
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