A shrinking proportion of U.S. households hold municipal bonds and that could weaken the political will of state and local borrowers to pay them off, argue Daniel Bergstresser of the Brandeis International Business School and Randolph Cohen of the Massachusetts Institute of Technology.
http://www.brookings.edu/research/papers/2016/07/08-household-ownership-municipal-debt-bergstresser-cohen
I-BRIDGE's blog (Link Campus University's Research Centre on Global Affairs) - editor, Marco Emanuele - Critical thinking, complexity, international relations (Twitter, @Glob_Eye - Facebook, https://www.facebook.com/marco.emanuele.50)
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