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How the new fed municipal bond facility capped municipal-treasury yield spreads in the Covid-19 recession()

For over two centuries, the municipal (muni) bond market has been a source of systemic risk, which returned early in the Covid-19 downturn when borrowing from securities markets became costly for many private and public entities, and some found it difficult to borrow at all. Indeed, just before the...

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Detalles Bibliográficos
Autores principales: Bordo, Michael D., Duca, John V.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9789544/
https://www.ncbi.nlm.nih.gov/pubmed/36590180
http://dx.doi.org/10.1016/j.jjie.2022.101245