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Demographic Fractionalization and the Municipal Bond Market With Discussion  


Author:  Daniel Bergstresser.; Randolph Cohen.; Siddharth Shenai.; Bart Mosley.


Source: Volume 34, Number 03, Fall 2013 , pp.1-42(42)




Municipal Finance Journal

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Abstract: 

This article combines “Demographic Fractionalization and the Municipal Bond Market” by Daniel Bergstresser, Randolph Cohen, and Siddharth Shenai with the discussion commentary by Bart Mosely.

Keywords: Fractionalization, municipal bonds, borrowing cost, underwriting efficiency

Affiliations:  1: Brandeis International Business School; 2: MIT Sloan School of Management; 3: Bracebridge Capital; 4: Trident Municipal Research, LLC.

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