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Financializing town halls: Local councils, LOBO loans and the derivatives markets

Sebastian Moller

LOBO loans and other derivative products connect local authorities with global finance and indicate a new management of municipal debt Despite common perceptions of municipal finance being a boring and technical issue, local council borrowing practices in the UK (and elsewhere) have been transformed to bring town halls much closer to global financial market dynamics.  Here, as in many other … Continue reading

26 June 2017 by
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