Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10001174340
Persistent link: https://www.econbiz.de/10001161201
Persistent link: https://www.econbiz.de/10002706049
Persistent link: https://www.econbiz.de/10001177750
This paper provides an empirical test of the demand side of Thakor's (1982) theory of bond insurance signaling, namely that the insurance premium charged by municipal bond insurers provides a signal to the market that reduces asymmetric information in the market. We test the theory for a sample...
Persistent link: https://www.econbiz.de/10013115055