THE ROMANIAN MUNICIPAL BONDS –A CHALLENGE FOR LOCAL PUBLIC FINANCE AND FOR INVESTORS

Carmen Maria Lacatus (Constantinescu) () and Florin Vaduva

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 166-173

Abstract: This paper aims to present the municipal bond market development in Romania in the context of financial decentralization and to emphasize its importance for local development but also for the safety of the portfolio investment.

Keywords: local government; financial decentralization; resources; municipal bonds; risk; Stock Exchange. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:166-173

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