Martin J Luby
Datos Biográficos
| ID | 4401124 |
|---|---|
| NOMBRE | Martin J Luby |
| NOMBRES | Martin J |
| APELLIDO | Luby |
| FIRMA | LUBY M J |
| AFILIACIONES | DePaul University |
| VERIFICADO | No |
| TOTAL DE OBRAS | 8 |
| TOTAL DE CITAS | 21 |
| TOTAL COMO AUTOR | 8 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 2012 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2025 |
| ÍNDICE H | 3 |
When the Feds Hand You a “Light Envelope”
In 2009, the US federal government created the Build America Bond (BAB) program to improve access to the capital markets for state and local governments. While the federal government typically subsidizes subnational capital financing indirectly through tax exemption, the BAB program provided direct cash subsidies to governments. The Budget Control Act of 2011 implemented a sequester that reduced BAB subsidies by 5.7 to 8.7% each year since 2013. …
Financial Engineering by City Governments
Despite significant coverage in the financial press in recent years, financial engineering by city governments via the use of financial derivatives such as interest rate swaps remain an understudied area of urban financial policy. Indeed, press accounts and other case or conceptual urban studies research emphasizing the downside of these transactions are some of the only sources of information on these instruments. These stories and studies often…
Taking a Risk
In the decade leading up to the global crisis of 2007-2008, local governments in the United States used increasingly complex financial structures to underwrite major capital projects. These structures offered potentially lower borrowing costs while also carrying greater financial risk, and in most cases, the bond structures imploded when the crisis hit. Why did some local governments gravitate toward this part of the risk spectrum while others di…
An historical analysis of the use of debt-related derivatives by state governments in the context of the great recession
Debt-related financial derivative usage by state and local governments became a very salient topic over the last few years in light of the Great Recession and its impacts on the efficacy of these financial instruments. However, there has been a dearth of systematic research on the types and kinds of derivatives state and local governments have actually employed in recent years. While anecdotes of financial derivative usage has grabbed the headlin…
The impact of the great recession on the financial management practices of state and local governments
Financing Suburbia
The use of financial derivatives in state and local government bond refinancings
The esoteric area of financial derivatives has become quite salient in light of the financial crisis of the last few years. In the public sector, state and local governments have increasingly employed derivatives in their bond financings. This paper analyzes state and local governments’ use of a specific type of municipal derivative instrument (a floating-to-fixed interest rate swap) in a specific type of transaction (bond refinancing). The paper…
The Sale and Lease of Public Assets
In recent years cities and states have expanded the use of public–private partnerships (P3s) to the sale and lease of existing infrastructure and facilities for large sums of up-front cash. Proponents have viewed these practices as effective and innovative ways to raise sorely needed funds and address pressing fiscal problems. If P3 revenues are used to finance operating expenditures, these practices represent a fundamental departure from the tra…
Financial Engineering by City Governments
Despite significant coverage in the financial press in recent years, financial engineering by city governments via the use of financial derivatives such as interest rate swaps remain an understudied area of urban financial policy. Indeed, press accounts and other case or conceptual urban studies research emphasizing the downside of these transactions are some of the only sources of information on these instruments. These stories and studies often…
Taking a Risk
In the decade leading up to the global crisis of 2007-2008, local governments in the United States used increasingly complex financial structures to underwrite major capital projects. These structures offered potentially lower borrowing costs while also carrying greater financial risk, and in most cases, the bond structures imploded when the crisis hit. Why did some local governments gravitate toward this part of the risk spectrum while others di…
The Sale and Lease of Public Assets
In recent years cities and states have expanded the use of public–private partnerships (P3s) to the sale and lease of existing infrastructure and facilities for large sums of up-front cash. Proponents have viewed these practices as effective and innovative ways to raise sorely needed funds and address pressing fiscal problems. If P3 revenues are used to finance operating expenditures, these practices represent a fundamental departure from the tra…
The use of financial derivatives in state and local government bond refinancings
The esoteric area of financial derivatives has become quite salient in light of the financial crisis of the last few years. In the public sector, state and local governments have increasingly employed derivatives in their bond financings. This paper analyzes state and local governments’ use of a specific type of municipal derivative instrument (a floating-to-fixed interest rate swap) in a specific type of transaction (bond refinancing). The paper…
The Sale and Lease of Public Assets
In recent years cities and states have expanded the use of public–private partnerships (P3s) to the sale and lease of existing infrastructure and facilities for large sums of up-front cash. Proponents have viewed these practices as effective and innovative ways to raise sorely needed funds and address pressing fiscal problems. If P3 revenues are used to finance operating expenditures, these practices represent a fundamental departure from the tra…
An historical analysis of the use of debt-related derivatives by state governments in the context of the great recession
Debt-related financial derivative usage by state and local governments became a very salient topic over the last few years in light of the Great Recession and its impacts on the efficacy of these financial instruments. However, there has been a dearth of systematic research on the types and kinds of derivatives state and local governments have actually employed in recent years. While anecdotes of financial derivative usage has grabbed the headlin…
The impact of the great recession on the financial management practices of state and local governments
Financing Suburbia
Taking a Risk
In the decade leading up to the global crisis of 2007-2008, local governments in the United States used increasingly complex financial structures to underwrite major capital projects. These structures offered potentially lower borrowing costs while also carrying greater financial risk, and in most cases, the bond structures imploded when the crisis hit. Why did some local governments gravitate toward this part of the risk spectrum while others di…
Financial Engineering by City Governments
Despite significant coverage in the financial press in recent years, financial engineering by city governments via the use of financial derivatives such as interest rate swaps remain an understudied area of urban financial policy. Indeed, press accounts and other case or conceptual urban studies research emphasizing the downside of these transactions are some of the only sources of information on these instruments. These stories and studies often…
When the Feds Hand You a “Light Envelope”
In 2009, the US federal government created the Build America Bond (BAB) program to improve access to the capital markets for state and local governments. While the federal government typically subsidizes subnational capital financing indirectly through tax exemption, the BAB program provided direct cash subsidies to governments. The Budget Control Act of 2011 implemented a sequester that reduced BAB subsidies by 5.7 to 8.7% each year since 2013. …
Finance (8 obras) · Business (7 obras) · Economics (7 obras) · Fiscal Policies and Political Economy (5 obras) · Debt (4 obras) · Financial system (4 obras) · Housing Market and Economics (4 obras) · Political science (3 obras) · Bond (2 obras) · Economic policy (2 obras)