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Enhancing the Creditworthiness of Municipal Bonds : Innovations from Mexico

In 2001-03 the municipal bond market in Mexico was among the most active in the developing world. Government officials had found a way to dramatically enhance the creditworthiness of local government debt without using sovereign guarantees. The tec...

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Bibliographic Details
Main Authors: Leigland, James, Mandri-Perrott, Cledan
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCOUNTABILITY
ADEQUATE ASSURANCES
AFFORDABLE INTEREST RATES
BALANCE SHEET
BALANCE SHEET DEBT
BANK LENDING
BOND ISSUANCES
BOND ISSUES
BOND SALES
BONDHOLDERS
BORROWER
BORROWINGS
CAPITAL MARKETS
CAPITALIZATION
CAR LOANS
CASE OF DEFAULT
CASH FLOWS
CENTRAL GOVERNMENTS
COLLATERAL
COMMERCIAL BANKS
CONTINGENT LIABILITY
CREDIT ENHANCEMENTS
CREDIT RATING
CREDIT RATING AGENCIES
CREDIT RATINGS
CREDIT STANDING
CREDIT STRENGTH
CREDITORS
CREDITWORTHINESS
CURRENCY
DEBT ISSUANCE
DEBT OBLIGATIONS
DEBT REPAYMENT
DEBT REPAYMENTS
DEBT SECURITIES
DEBT SERVICE
DEBT SERVICE PAYMENT
DEBT SERVICE PAYMENTS
DEBTS
DECENTRALIZATION
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPMENT BANK
ECONOMIC GROWTH
EMERGING MARKET
EMERGING MARKET DEBT
EXISTING ASSETS
FACE VALUE
FINANCES
FINANCIAL ADVISORS
FINANCIAL AUTONOMY
FINANCIAL CRISIS
FINANCIAL HEALTH
FINANCINGS
FUTURE DEBT
GENERAL OBLIGATION
GENERAL OBLIGATION BORROWING
GENERAL OBLIGATIONS
GOVERNMENT DEBT
GOVERNMENT EXPENDITURE
GOVERNMENT REVENUE
HOME MORTGAGES
IMPLICIT GUARANTEE
IMPLICIT GUARANTEES
INFRASTRUCTURE BONDS
INTEREST RATES
INTERGOVERNMENTAL TRANSFERS
INTERNAL CREDIT ENHANCEMENTS
INTERNATIONAL CAPITAL
INTERNATIONAL CAPITAL MARKETS
INTERNATIONAL FINANCE
INTERNATIONAL SETTLEMENT
LENDERS
LOAN
LOAN AGREEMENTS
LOAN SIZE
LOCAL ADMINISTRATION
LOCAL GOVERNMENT
LOCAL GOVERNMENT BORROWER
LOCAL GOVERNMENT BORROWERS
LOCAL GOVERNMENT DEBT
LOCAL GOVERNMENT REVENUE
LOCAL GOVERNMENTS
LOW INTEREST RATES
MONOPOLY
MORAL HAZARD
MUNICIPAL
MUNICIPAL BOND
MUNICIPAL BOND ISSUANCE
MUNICIPAL BOND ISSUES
MUNICIPAL BOND MARKET
MUNICIPAL BONDS
MUNICIPAL BORROWERS
MUNICIPAL BORROWING
MUNICIPAL BUDGETS
MUNICIPAL DEBT
MUNICIPAL GOVERNMENTS
MUNICIPALITIES
OUTSTANDING DEBT
PAYMENT MECHANISMS
PENSION
PENSION FUND
PENSION FUNDS
PRIVATE FINANCIAL INSTITUTIONS
PRIVATE INFRASTRUCTURE
PUBLIC FINANCE
PUBLIC-PRIVATE PARTNERSHIP
PUBLIC-PRIVATE PARTNERSHIPS
RECEIVABLES
RESERVE
RESERVE ACCOUNTS
REVENUE BONDS
REVENUE INTERCEPTS
RISK OF DEFAULT
SECURITIES
SOVEREIGN DEBT
SOVEREIGN GUARANTEES
SUBNATIONAL FINANCE
SUSTAINABLE DEVELOPMENT
TAX
TAX REVENUES
TECHNICAL ASSISTANCE
TELEPHONE SERVICE
TRADABLE SECURITIES
TRANSACTION
TRANSACTION COSTS
TURNOVER
URBAN DEVELOPMENT
Online Access:http://documents.worldbank.org/curated/en/2008/08/9988449/enhancing-creditworthiness-municipal-bonds-innovations-mexico
http://hdl.handle.net/10986/10598

Internet

http://documents.worldbank.org/curated/en/2008/08/9988449/enhancing-creditworthiness-municipal-bonds-innovations-mexico
http://hdl.handle.net/10986/10598

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