Panel: Contemporary Issues in Municipal Debt Market Governance
(Public and Non-Profit Management and Finance)

Friday, November 4, 2016: 8:30 AM-10:00 AM
Holmead West (Washington Hilton)

*Names in bold indicate Presenter

Panel Organizers:  Tima T. Moldogaziev, University of Georgia
Panel Chairs:  Tima T. Moldogaziev, University of Georgia
Discussants:  David H. Saltiel, Municipal Securities Rulemaking Board

Research themes in this panel are selected based on an event that took place on March 10, 2016 at Municipal Securities Rule Making Board’s (MSRB) headquarters in Washington, DC. More than 25 scholars of subnational finance from over a dozen universities in the U.S. took part in the workshop, where several important research areas emerged as particularly policy relevant for effective market regulation. Papers dealing with themes such as - the outcomes of contemporary legislative and statutory changes in municipal regulation; market information disclosure and pricing; intended and unintended impact of regulatory changes on pushing market participants to access capital in new and innovative (and uncertain) ways; as well as state and local government approaches to gaining access to financing that need to be addressed for effective municipal debt market governance – are offered as part of this panel. The underlying goal of the four papers in the panel is to evaluate and offer policy solutions for making the municipal market regulatory environment more effective. The discussant(s), on the other hand, are representatives of the major regulatory body that will offer insights as to how empirical findings could inform policy adoption and implementation related to contemporary governance issues in the municipal debt market.

Continuing Disclosure Practices in the Municipal Market
Yulianti Abbas, Indiana University



The Impact of Dodd-Frank on Municipal Bond Prices
Mikhail Ivonchyk, University of Georgia



Infrastructure Asset Financial Reporting and Pricing Uncertainty in the Municipal Bond Market
Rebecca Bloch, Fairfield University, Justin Marlowe, University of Washington and Dean Michael Mead, Governmental Accounting Standard Board