Short-Term Municipal Securities
Economic Review, Vol. 72, No. 6, November/December 1986, pp. 25-34
10 Pages Posted: 25 Oct 2012
Date Written: 1986
Abstract
Short-term municipal securities are defined by two characteristics. First, they are issued by state and local governments and the special districts and statutory authorities they establish. Second, they either have original maturities of less than three years or have longer final maturities but include features which, from the investor’s point of view, shorten their effective maturities to less than three years. During 1985 approximately $82 billion in short-term municipal securities were issued.
Suggested Citation: Suggested Citation
Walter, John R., Short-Term Municipal Securities (1986). Economic Review, Vol. 72, No. 6, November/December 1986, pp. 25-34, Available at SSRN: https://ssrn.com/abstract=2120592
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