type here...

Ivan Ivanov

Ivan Ivanov is a senior economist in the economic research division of the Federal Reserve Bank of Chicago. His work centers on the importance of banks and shadow banks for the financing of SMEs, corporations, and governments, and he has recently examined the effects of carbon pricing policy, ESG policies, and anti-ESG regulation on the capital acquisition process, as well as the impact of monetary policy and disclosure regulation on the municipal debt market. Ivanov’s research interests include financial intermediation and banking, public finance, corporate finance, and climate finance.
Commentary

Should Every Town And Village Have Unfettered Access To The Municipal Bond Market?

Kent Hiteshew
Kent Hiteshew and Ivan Ivanov write that the United States municipal bond market suffers from fragmentation, poor liquidity, and inadequate disclosure due to the dominance of small, infrequent issuers who struggle to meet regulatory disclosure requirements. They argue that greater involvement of state-backed municipal bond banks could help address these issues by pooling smaller issuances, reducing borrowing costs, and streamlining disclosure obligations for local governments.

Latest news

View All

The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.