The New World of Global Finance, Markets, Investments, and Risk Management. Dr. Kalotay discusses the allure of 5% bonds.
Dr. Kalotay talks about how mismanagement of municipal debt puts a hole in everyone's pocket
See Dr. Kalotay's satirical piece in the Bond Buyer on the practice of issuing premium 5% refundable bonds. See also Bloomberg Brief commentary.
"Taxpayers have forked over $20 billion in fees for swap agreements in the past five years, according to Andrew Kalotay" in Bloomberg article
