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Canada as an Investment Safe Haven: Assessing the Implications for Municipal Credit
May 29, 2013 @ 4:30 pm - 6:00 pm
In recent years, we have seen a sharp increase in foreign demand for Canadian assets, including bonds issued by Canadian municipalities and provinces. Foreign capital provides Canadian governments with significant opportunities, including a more diversified investor base and cheap financing for infrastructure projects.
But, it also poses risks. IMFG Post-Doctoral Fellow Kyle Hanniman discussed the factors driving foreign investment in Canada’s subnational bond market; the implications of these developments for municipal borrowing costs and credit spreads; and what, if anything, municipalities are doing to manage the risks and opportunities involved.
SPEAKER
Kyle Hanniman is this year’s IMFG post-doctoral fellow. He received his PhD in Political Science from the University of Wisconsin-Madison in 2012. His current research examines the relationship between fiscal federalism and government credit markets. His broad research interests are political economy and political institutions.
Details
- Date:
- May 29, 2013
- Time:
-
4:30 pm - 6:00 pm
Organizer
- Institute on Municipal Finance and Governance
- View Organizer Website
Venue
- Munk School of Global Affairs and Public Policy, Room 108N
-
1 Devonshire Place, North House, Room 108N
Toronto, ON M5S 3K7 Canada + Google Map