Johnson et al., 1998 - Google Patents
The municipal bond market: Structure and changesJohnson et al., 1998
- Document ID
- 13594533327059795174
- Author
- Johnson C
- Rubin M
- Publication year
- Publication venue
- Handbook of Public Finance
External Links
Snippet
Overview: State and local securities are traded in what is called the municipal bond market. The unique and defining feature of this market is that interest earned on municipal bonds is generally exempt from federal, and in many cases state and local, income taxes. Because of …
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