| 000 | 01634nab#a2200265#c#4500 | ||
|---|---|---|---|
| 003 | IEF | ||
| 005 | 20180219165126.0 | ||
| 008 | 170510s2017 USA|| #####0 b|ENG|u | ||
| 040 | _aIEF | ||
| 041 | _aENG | ||
| 100 | 1 |
_aEly, Todd L. _959859 |
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| 245 |
_aPublic borrowing for private organizations _b costs and structure of tax - exempt debt through conduit issuers _c Todd L. Ely and Thad D. Calabrese |
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| 260 | _c2017 | ||
| 500 | _aDisponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Conclusión. Bibliografía. | ||
| 650 | 4 |
_aSERVICIOS PUBLICOS _948391 |
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| 650 | 4 |
_aCOLABORACIÓN PÚBLICO - PRIVADA _953540 |
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| 650 | 4 |
_aIMPUESTOS _947460 |
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| 650 | 4 |
_aEXENCIONES TRIBUTARIAS _944038 |
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| 520 | _aConduits are public organizations that issue debt on behalf of third-party borrowers, both government and private. Additional transaction costs from using conduits offset lower interest costs. We find debt issuance costs 25 percent higher for private organizations than the broader municipal debt market, primarily from fees charged by conduits. Further, existing issuance cost reporting focuses on upfront costs, whichfail to capture the significance of annual conduit fees. Also, private borrowers havedebt structures that keep more principal outstanding over longer periods of time.Despite additional costs, conduits still provide these private borrowers with substantial interest cost savings. | ||
| 700 | 1 |
_aCalabrese, Thad _964550 |
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| 773 | 0 |
_tPublic Budgeting & _gFinance ; v. 37, n. 1, Spring 2017, p. 3-25 |
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| 942 | _cART | ||
| 942 | _z147893 | ||
| 999 |
_c94956 _d94956 |
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