IDEAS home Printed from https://ideas.repec.org/a/bla/jfnres/v12y1989i3p235-244.html
   My bibliography  Save this article

An Examination Of The Yield Spread Between Insured And Uninsured Debt

Author

Listed:
  • L Paul Hsueh
  • P. R. Chandy

Abstract

No abstract is available for this item.

Suggested Citation

  • L Paul Hsueh & P. R. Chandy, 1989. "An Examination Of The Yield Spread Between Insured And Uninsured Debt," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 12(3), pages 235-244, September.
    • Handle: RePEc:bla:jfnres:v:12:y:1989:i:3:p:235-244
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1989.tb00516.x
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Benson, Earl D, 1979. "The Search for Information by Underwriters and Its Impact on Municipal Interest Cost," Journal of Finance, American Finance Association, vol. 34(4), pages 871-885, September.
    2. Timothy Q. Cook, 1982. "Determinants of individual tax-exempt bond yields : a survey of the evidence," Economic Review, Federal Reserve Bank of Richmond, vol. 68(May), pages 14-39.
    3. Kidwell, David S & Koch, Timothy W, 1982. "The Behavior of the Interest Rate Differential between Tax-Exempt Revenue and General Obligation Bonds: A Test of Risk Preferences and Market Segmentation," Journal of Finance, American Finance Association, vol. 37(1), pages 73-85, March.
    4. Hopewell, Michael H & Kaufman, George G, 1977. "Commercial Bank Bidding on Municipal Revenue Bonds: New Evidence," Journal of Finance, American Finance Association, vol. 32(5), pages 1647-1656, December.
    5. Hendershott, Patric H & Kidwell, David S, 1978. "The Impact of Relative Security Supplies: A Test with Data from a Regional Tax-Exempt Bond Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(3), pages 337-347, August.
    6. Kidwell, David S. & Sorensen, Eric H. & Wachowicz, John M., 1987. "Estimating the Signaling Benefits of Debt Insurance: The Case of Municipal Bonds," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 22(3), pages 299-313, September.
    7. Sorensen, Eric H., 1980. "An Analysis of the Relationship between Underwriter Spread and the Pricing of Municipal Bonds," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 15(2), pages 435-447, June.
    8. Kessel, Reuben, 1971. "A Study of the Effects of Competition in the Tax-exempt Bond Market," Journal of Political Economy, University of Chicago Press, vol. 79(4), pages 706-738, July-Aug..
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dwight V. Denison, 2001. "Bond Insurance Utilization and Yield Spreads in the Municipal Bond Market," Public Finance Review, , vol. 29(5), pages 394-411, September.
    2. Chris Downing & Frank X. Zhang, 2002. "Trading activity and price volatility in the municipal bond market," Finance and Economics Discussion Series 2002-39, Board of Governors of the Federal Reserve System (U.S.).
    3. Fairchild, Lisa M. & Koch, Timothy W., 1998. "The Impact of State Disclosure Requirements on Municipal Yields," National Tax Journal, National Tax Association;National Tax Journal, vol. 51(4), pages 733-753, December.
    4. Fairchild, Lisa M. & Koch, Timothy W., 1998. "The Impact of State Disclosure Requirements on Municipal Yields," National Tax Journal, National Tax Association, vol. 51(n. 4), pages 733-53, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Daniels, Kenneth N. & Vijayakumar, Jayaraman, 2007. "Does underwriter reputation matter in the municipal bond market?," Journal of Economics and Business, Elsevier, vol. 59(6), pages 500-519.
    2. Kenneth Daniels & Jayaraman Vijayakumar, 2001. "The Competitive Impact of Commercial Bank Underwriting on the Market for Municipal Revenue Bonds," Journal of Financial Services Research, Springer;Western Finance Association, vol. 20(1), pages 57-75, September.
    3. Earl D. Benson & Barry R. Marks & K. K. Raman, 1988. "Tax Effort as an Indicator of Fiscal Stress," Public Finance Review, , vol. 16(2), pages 203-218, April.
    4. Christopher J. Meyer, 1993. "Assessing the performance of real estate auctions," Working Papers 93-1, Federal Reserve Bank of Boston.
    5. Gore, Angela K & Sachs, Kevin & Trzcinka, Charles, 2004. "Financial Disclosure and Bond Insurance," Journal of Law and Economics, University of Chicago Press, vol. 47(1), pages 275-306, April.
    6. Brune, Chris & Liu, Pu, 2011. "The contagion effect of default risk insurer downgrades: The impact on insured municipal bonds," Journal of Economics and Business, Elsevier, vol. 63(5), pages 492-502, September.
    7. cole, Chip & Edwards, Jeffrey A., 2010. "Competition on MARS? A study of broker-dealer competition in the U.S. municipal auction rate securities market," MPRA Paper 36444, University Library of Munich, Germany.
    8. Pei Li & Leo Tang & Bikki Jaggi, 2018. "Social Capital and the Municipal Bond Market," Journal of Business Ethics, Springer, vol. 153(2), pages 479-501, December.
    9. Kriz, Kenneth A., 2003. "Comparative costs of negotiated versus competitive bond sales: new evidence from state general obligation bonds," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(2), pages 191-211.
    10. Gande, Amar & Puri, Manju & Saunders, Anthony, 1999. "Bank entry, competition, and the market for corporate securities underwriting," Journal of Financial Economics, Elsevier, vol. 54(2), pages 165-195, October.
    11. Christine R. Martell & Robert S. Kravchuk, 2010. "Bond Insurance and Liquidity Provision: Impacts in the Municipal Variable Rate Debt Market, 2008-09," Public Finance Review, , vol. 38(3), pages 378-401, May.
    12. Jayaraman Vijayakumar & Kenneth Daniels, 2006. "The Role and Impact of Financial Advisors in the Market for Municipal Bonds," Journal of Financial Services Research, Springer;Western Finance Association, vol. 30(1), pages 43-68, August.
    13. Grossman, Michael & Goldman, Fred & Nesbitt, Susan W. & Mobilia, Pamela, 1993. "Determinants of interest rates on tax-exempt hospital bonds," Journal of Health Economics, Elsevier, vol. 12(4), pages 385-410, December.
    14. Robert A. Greer, 2016. "Local Government Risk Assessment: The Effect of Government Type on Credit Rating Decisions in Texas," Public Budgeting & Finance, Wiley Blackwell, vol. 36(2), pages 70-90, June.
    15. Bourdeau-Brien, Michael & Kryzanowski, Lawrence, 2019. "Municipal financing costs following disasters," Global Finance Journal, Elsevier, vol. 40(C), pages 48-64.
    16. Earl R. Wilson & Jenice P. Stewart, 1990. "Municipal financial reporting and competition among underwriters for new issues of general obligation bonds," Contemporary Accounting Research, John Wiley & Sons, vol. 6(2), pages 573-592, March.
    17. Barry R. Marks & K. K. Raman, 1988. "The effect of unfunded accumulated and projected pension obligations on governmental borrowing costs," Contemporary Accounting Research, John Wiley & Sons, vol. 4(2), pages 595-608, March.
    18. William E. Mitchell, 1979. "Debt Refunding: The State and Local Government Sector," Public Finance Review, , vol. 7(3), pages 323-337, July.
    19. Matthew R. Marlin, 1991. "The Hidden Costs Of Private Activity Tax-Exempt Bonds," The Review of Regional Studies, Southern Regional Science Association, vol. 21(3), pages 277-290, Fall.
    20. Bourdeau-Brien, Michael & Kryzanowski, Lawrence, 2020. "Natural disasters and risk aversion," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 818-835.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jfnres:v:12:y:1989:i:3:p:235-244. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/sfaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.