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Bank Support of Bond Issues Critical to RD

Author

Listed:
  • Sullivan, Patrick J.

Abstract

Excerpts from the article: Commercial bank support of local government bond issues is of prime importance in helping rural communities foster economic growth and development. Rural banks' growing support of the municipal bond market Facilitated rural development efforts during the 1970's. However, there is a limit to the extent that rural banks can support rural municipal bonds. For rapidly growing areas, State or Federal programs aimed at improving the marketability of rural issues may improve the chances of sustained economic growth.

Suggested Citation

  • Sullivan, Patrick J., 1980. "Bank Support of Bond Issues Critical to RD," Rural America/ Rural Development Perspectives, United States Department of Agriculture, Economic Research Service, vol. 3(3), October.
    • Handle: RePEc:ags:uersra:310128
    DOI: 10.22004/ag.econ.310128
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