Tag Archives | shadow banking

In previous writings, we advanced an inventive new model for municipal finance: what we call the Seattle Loop. By establishing a city-owned public bank, we propose, Seattle can not only expand public investment through municipal lending and provide residents with low-cost financial services; it can also purchase its own bonds and “loop” the interest back to the […]

In a recent essay, we advanced a proposal for sub-federal governments to sell municipal bonds to their own public banks. We took the city as our primary point of departure, but the same lessons are applicable to U.S. counties and states. Establishing a public bank that regularly purchases municipal debt, we argued, would not only significantly […]