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What would happen if a state or municipality suddenly lost its tax base?Explain if this would have any impact on it's cost of borrowing funds.Why?
What would happen if a state or municipality suddenly lost its tax base?Explain if this would have any impact on it's cost of borrowing funds.Why?
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Granularity Theory With Applications To Finance And Insurance
Authors: Patrick Gagliardini, Christian Gourieroux, Christian Gouriéroux
1st Edition
1316057135, 9781316057131
