China’s urban construction investment bond: Contextualising a financial tool for local government

Financing State and Local Government Infrastructure Investment

In this note, I will examine policy that might encourage greater public infrastructure investment. Much of the discussion will center around H.R. 1452, a bill that was introduced to the House of Representatives in 1999. This bill provided a novel financing method, the primary purpose of which was to provide interest-free loans to state and local governments that would use the money to improve i...

The Future of Bitcoin as a Tool for Financial Development

The purpose of research is focused on the insight into the future of Bitcoin on the financial situation, its implications and challenges. The problem of study is to investigate how to deal with a new type of digital currencies (such Bitcoin) that does not have a physical presence and there is no specific body to issue. Thus, this study aims to identify the nature of Bitcoin currency and what ar...

Justifying Investment in GIS: A Local Government Perspective

Making a business case for GIS in local government is a complex task for two main reasons: first, a GIS implementation can range from a single, well-defined application in one department to a corporate multi-purpose GIS; and, second, local authorities are complex organisations currently facing major pressures for change considerable uncertainty about their future structure and role. The purpose...

Pricing and Risks of China’s Local Government Bond Market by

Taxation and Bond Market Investment Strategies: Evidence from the Market for Government of Canada Bonds

This article shows that, contrary to the suggestion of some investment advisers, for an individual Canadian investor subject to personal income taxation, the after-tax yield on a discount bond is always higher than (or, at worst, equal to) the yield on a premium bond. * Of the Department of Economics, University of Alberta, Edmonton. We thank the editors of this journal and two anonymous review...