ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Funding Urban Infrastructure: From Government to Markets

This paper argues for a role for newer financial instruments like 'municipal-bonds' for financing urban infrastructure. The paper also argues that for these initiatives to be successful, a thick and efficient secondary market in this segment of the debt market is crucial. It will impart liquidity and create an incentive for individual agents to invest in the muni-bonds.

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