The Handbook of Municipal Bonds

by Sylvan G. Feldstein; Frank J. Fabozzi (School of Management, Yale Univ.)

• ISBN13: 9780470283080
• ISBN10: 0470283084
• Format: eBook
• Copyright: 2008-04-01
• Publisher: Wiley

Summary

In The Handbook of Municipal Bonds, editors Sylvan Feldstein and Frank Fabozzi provide traders, bankers, and advisors-among other industry participants-with a well-rounded look at the industry of tax-exempt municipal bonds. Chapter by chapter, a diverse group of experienced contributors provide detailed explanations and a variety of relevant examples that illuminate essential elements of this area. With this book as your guide, you'll quickly become familiar with both buy side and sell side issues as well as important innovations in this field.

Table of Contents

Foreword

Preface

About the Editors

Contributing Authors

The Sell Side: The Originators of Deals.

The Central Place of States and Local Governments in American Federalism

An Overview of Investment Banking

Chapter 3Role of the Financial Advisor

Method of Sale in the Municipal Bond Market

The Role of Bond Counsel in Public Agency Financing

The Role of Counsel to the Underwriters

Summary of Federal Tax Requirements for Tax-Exempt Bonds

The Role of the Municipal Bond Trustee

The Last Resort for Financially Distressed Municipalities

Subnational Infrastructure Finance in the Emerging Markets: A Financial Guaranty Perspective

The Role of the Rating Agencies

Municipal Bond Refundings

Public-Private Partnerships

The Sell Side: Distribution and Market-Making Roles.

The Role of Underwriter

The Roles of Traders and Brokers

Municipal Arbitrage and Tender Option Bonds

Interest Rate Swaps and Their Application to Tax-Exempt Financing

The Regional Firm: Its Customers, Traders, and Institutional Salespeople

Changing Roles of Buyers and Sellers of Municipal Bonds: One Participant's View

The Depository Trust Company and Real-Time Price Transparency

i-Deal/Ipreo: the Transaction Platform

Compliance Issues.

The Municipal Securities Rulemaking Board

The Role of the Securities and Exchange Commission

Sarbanes-Oxley and the Securities and Exchange Commission

Using Auditing Techniques to Develop Investment Adviser Compliance Procedures

Rule 2a-7: Legal and Research Issues for Tax-Exempt Money Market Funds 9Stephen AKeen and Leslie KRoss

Fixed Income Analysis of Municipal Products.

Evaluation of Municipal Bonds

Valuation of Municipal bonds with Embedded Options

Analyzing and Evaluating Tax-Exempt Indexed Floaters: Investor and Issuer Perspectives

Municipal Inverse Floating Rate Securities

Analyzing Portfolios Daily

Discovering Relative Value Using Custom Indices

Municipal Bond Swaps

The Tax Treatment of Municipal Bonds

The Buy Side: Institutional Investors.

Managing a National Municipal Bond Fund

Managing a High-Yield Municipal Fund

Managing Municipal bonds for Property and Casualty Insurance Companies for Total Return

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