Serve, Stéphanie - In: Revue Finance Contrôle Stratégie 5 (2002) 2, pp. 107-142
With the case study of the city of Marseille over the period 1997-2000, this article attempts to analyze the motivation of the city for issuing guaranteed municipal bond and to identify the determining factors of the risk premium. The case study shows the existence of the juridical risk that...