Municipal Finance Journal

Volume 32, Number 3
Fall 2011
Editor: W. Bartley Hildreth

Editor’s Note
W. Bartley Hildreth

v-vi

Determinants of Private Sector Insurance Premiums on Municipal Debt Issues
Earl D. Benson and Barry R. Marks

1-18

The Impact of Default Risk Insurer’s Financial Distress on Insured Municipal Bonds
Chris Brune and Pu Liu

19-36

The Subprime Crisis, Bond Insurers’ Credit Risk, and the Interest Cost of Municipal Bonds
Gao Liu.

37-58

When Political Will Is Not Enough: Control Boards in Municipal Finance Restructuring
Harold Horwich and Seth Pruss

59-86