Leonid MakarovPublished in:
Russian Journal of Entrepreneurship
– № 6-1 / June, 2011



Keywords: debt securities, economic crisis, loan capital market, municipal bonds, us economy


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Abstract:

The article considers the problem of stability of the municipal bond market during the U.S. economic crisis of 2007-2010. For this purpose the author identifies the key features of the U.S. municipal debt market and studies the figures of its development in comparison with other segments of the fixed income markets. The author emphasizes factors that have had a major impact on the market dynamics during this period.

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