We thank Teachers Insurance and Annuity Association for providing the data on private placement bonds, Merrill Lynch & Co. and Jerome Fons of Moody's Investor Services for providing the data on publicly offered bonds. Helpful comments from the editor (Deborah Lucas), two referees, Mark Carey, Mark Flannery, Chris James, Jose Lopez, and participants at the Federal Reserve System Conference and the AFA Annual Meeting are gratefully acknowledged. We also thank Judith Goff and Anita Todd for editorial suggestions. All remaining errors are ours. The views expressed in this paper represent the authors’ views only and do not necessarily represent the views of the Federal Reserve Bank of San Francisco or the Federal Reserve System.
Financial Contracting and the Choice between Private Placement and Publicly Offered Bonds
Version of Record online: 15 JUL 2010
© 2010 The Ohio State University
Journal of Money, Credit and Banking
Volume 42, Issue 5, pages 907–929, August 2010
How to Cite
KWAN, S. H. and CARLETON, W. T. (2010), Financial Contracting and the Choice between Private Placement and Publicly Offered Bonds. Journal of Money, Credit and Banking, 42: 907–929. doi: 10.1111/j.1538-4616.2010.00312.x
- Issue online: 15 JUL 2010
- Version of Record online: 15 JUL 2010
- Received September 26, 2006; and accepted in revised form November 24, 2009.
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