Lessons from U.S. Corporate and Municipal Bond Market Transparency Initiatives: Implications for Emerging Markets
By: Michael Piwowar (Apr 2006)
Dr. Piwowar co-presented "Lessons from U.S. Corporate and Municipal Bond Market Transparency Initiatives: Implications for Emerging Markets" to delegates at the U.S. Securities and Exchange Commission International Institute for Securities Market Development in Washington, DC.
Secondary Transaction Costs
By: Michael Piwowar (Feb 2006)
Dr. Piwowar presented "Secondary Transaction Costs in the Municipal and Corporate Bond Markets" to staff at the Commodity Futures Trading Commission (CFTC) in Washington, DC.
U.S. Municipal and Corporate Bond Market Transparency Initiatives
By: Michael Piwowar (Feb 2005)
Dr. Piwowar co-presented "U.S. Municipal and Corporate Bond Market Transparency Initiatives" to the Ontario Securities Commission in Ottawa, Canada.
Retail Focus: Issuer Official Says Primuni's First, and So Far Only, Deal Saved It $19,000
By: Bond Buyer (Feb 2005)
Bond Buyer's "Retail Focus: Issuer Official Says Primuni's First, and So Far Only, Deal Saved It $19,000" cites Dr. Piwowar's research on municipal bond market trading costs.
Mom and Pop Pay Steep Price To Trade Munis, Study Shows
By: Bond Buyer (Aug 2004)
Bond Buyer's "Mom and Pop Pay Steep Price To Trade Munis, Study Shows" cites research by Dr. Piwowar showing that municipal bonds are expensive for retail investors to trade.
An Overview of the Regulation of the Bond Markets
By: US Senate Committee on Banking, Housing, and Urban Affairs (Jun 2004)
Dr. Piwowar's research on trading costs in the corporate and municipal bond markets is cited in testimony by two witnesses at the US Senate Committee on Banking, Housing, and Urban Affairs Hearing on "An Overview of the Regulation of the Bond Markets."
Can the Muni Market Be Made Safe for Investors?
By: Joe Mysak, Bloomberg News (Feb 2004)
Joe Mysak's column "Can the Muni Market Be Made Safe for Investors?" for Bloomberg News reviews Dr. Piwowar's research on trading costs in the municipal bond market.
Muni Bonds Can Cost More to Trade than Stocks
By: The Wall Street Journal (Feb 2004)
The Wall Street Journal's "Muni Bonds Can Cost More to Trade than Stocks" extensively cites research by Dr. Piwowar on secondary trading costs in the municipal bond market.
Pricey Municipal Bonds
By: The San Francisco Chronicle (Feb 2004)
The San Francisco Chronicle's "Pricey Municipal Bonds" extensively cites research by Dr. Piwowar on secondary trading costs in the municipal bond market and features the finding that complex bonds (bonds with a lot of "bells and whistles") are more expensive to trade than simple bonds.
Muni Trading Costs High
By: Bond Buyer (Feb 2004)
Bond Buyer's "Muni Trading Costs High" extensively cites research by Dr. Piwowar on secondary trading costs in the municipal bond market.
