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Information resolution and subnational capital markets / Christine R. Martell, Tima T. Moldogaziev, and Salvador Espinosa.
- Format:
- Book
- Author/Creator:
- Martell, Christine R., author.
- Moldogaziev, Temirlan Tilekovich, author.
- Espinosa, Salvador, author.
- Series:
- Oxford scholarship online.
- Oxford scholarship online
- Language:
- English
- Subjects (All):
- Local finance.
- Debts, Public.
- Capital market.
- Subnational governments--Finance.
- Subnational governments.
- Government information.
- Credit ratings.
- Physical Description:
- 1 online resource (216 pages) : illustrations (black and white).
- Place of Publication:
- New York, NY : Oxford University Press, 2021.
- Summary:
- Global trends in decentralisation and the growing role of world cities have increased the importance of infrastructure development. But with competing incentives of suppliers and borrowers of capital in the web of institutional governance arrangements, information problems are inevitable. Understanding how local choices affect these larger trends can help national and city actors not just avoid being paralysed by information problems, but actually improve information resolution. In this book Christine R. Martell, Tima Moldogaziev, Salvador Espinosa argue that capital markets are a viable financing alternative for subnational borrowers. They explain how subnational governments can manage their fiscal and debt choices to leverage capital markets to finance efficient, effective, and equitable infrastructure provision.
- Contents:
- Subnational capital finance
- A theory of subnational government capital market information
- Review of literature on subnational government borrowing
- System-level information resolution and contractibility
- Information resolution, information content, and city debt
- Understanding, managing, and communicating credit fundamentals
- Three contexts of information resolution reforms
- Subnational government capital financing : lessons for policy and practice.
- Notes:
- Also issued in print: 2021.
- Description based on online resource; title from home page (viewed on August 27, 2021).
- Includes bibliographical references and index.
- ISBN:
- 0-19-008936-9
- 0-19-008935-0
- OCLC:
- 1262119988
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