Andrew Kalotay

Andrew Kalotay Associates, Inc.

President

61 Broadway

New York, NY 10006

United States

http://www.kalotay.com

SCHOLARLY PAPERS

11

DOWNLOADS

214

SSRN CITATIONS

0

CROSSREF CITATIONS

1

Scholarly Papers (11)

1.

A Financial Analysis of Consumer Mortgage Decisions

Research Institute for Housing America Research Paper No. 09-01
Number of pages: 60 Posted: 21 Oct 2009
Andrew Kalotay and Qi Fu
Andrew Kalotay Associates, Inc. and Andrew Kalotay & Assoc.
Downloads 128 (268,465)

Abstract:

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Mortgages, Financial Literacy, Refinancing

2.

Par Munis -- Sub-Par Performance

Number of pages: 14 Posted: 16 Mar 2021
Andrew Kalotay and Guy Davidson
Andrew Kalotay Associates, Inc. and affiliation not provided to SSRN
Downloads 43 (494,431)

Abstract:

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3.

Tax-Smart Portfolio Valuation and Performance Measurement

Number of pages: 11 Posted: 24 Mar 2021
Andrew Kalotay
Andrew Kalotay Associates, Inc.
Downloads 34 (537,374)

Abstract:

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Taxable portfolio, after-tax return, capital gains, liquidation value, hold value, tax-smart value, tax-exempt bond, de minimis discount

4.

Callable Bonds: Better Value than Advertised?

Journal of Applied Corporate Finance, Vol. 20, Issue 3, pp. 91-99, Summer 2008
Number of pages: 11 Posted: 02 Oct 2008
Andrew Kalotay
Andrew Kalotay Associates, Inc.
Downloads 8 (710,976)
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Don't Waste a Free Lunch: Managing the Advance Refunding Option

Journal of Applied Corporate Finance, Vol. 28, Issue 4, pp. 118-123, 2016
Number of pages: 8 Posted: 20 Jan 2017
Andrew Kalotay and Lori Raineri
Andrew Kalotay Associates, Inc. and Government Financial Strategies Inc.
Downloads 1 (807,299)
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Don't Waste a Free Lunch: Managing the Advance Refunding Option

Posted: 12 Oct 2016
Andrew Kalotay and Lori Raineri
Andrew Kalotay Associates, Inc. and Government Financial Strategies Inc.

Abstract:

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advance refunding, refunding efficiency, municipal bonds, call option, advance refunding option

6.

Life Without Advance Refunding

Posted: 09 Aug 2018
Andrew Kalotay
Andrew Kalotay Associates, Inc.

Abstract:

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advance refunding, refunding efficiency, municipal bonds, call option, advance refunding option

7.

Tax Optimization of Municipal Bond Portfolios: Investment Selection and Tax Rate Arbitrage

Posted: 06 Nov 2017
Andrew Kalotay
Andrew Kalotay Associates, Inc.

Abstract:

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tax-loss harvesting, municipal bonds, tax arbitrage

8.

Creating a Live Yield Curve in the Illiquid Muni Market

Posted: 13 Oct 2016
Andrew Kalotay
Andrew Kalotay Associates, Inc.

Abstract:

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municipal bonds, yield curves, municipal yield curves

9.

After-Tax Portfolio Value: The Missing Tax Option

Journal of Investment Management, Forthcoming
Posted: 16 Mar 2016
Andrew Kalotay
Andrew Kalotay Associates, Inc.

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After-tax portfolio value, After-tax performance, Option-enhanced value, Tax option, Hold value, Liquidation value, Intrinsic value, Time value, Municipal bonds, Product design

10.

The Interest Rate Sensitivity of Tax-Exempt Bonds Under Tax-Neutral Valuation

Journal of Investment Management (JOIM), First Quarter 2014
Posted: 15 Nov 2014
Andrew Kalotay
Andrew Kalotay Associates, Inc.

Abstract:

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Municipal bonds, tax-neutral value, taxes, duration, de minimis rule, bond valuation, after-tax, interest rate sensitivity, risk management, tax-neutral OAS, option-adjusted spread, critical coupon

11.

Premium Debt Swaps: The Best of Both Worlds?

Financial Management, Vol. 27, No. 3, Autumn 1998, Special Issue: Dividends
Posted: 03 Feb 1999
Andrew Kalotay and Leslie Abreo
Andrew Kalotay Associates, Inc. and Andrew Kalotay & Assoc.

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