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THE ISSUE OF MUNICIPAL BONDS, A CHALLENGE FOR THE ROMANIAN LOCAL PUBLIC ADMINISTRATIONS

Tatiana Mosteanu and Carmen Maria Lacatus (Constantinescu) ()

Annales Universitatis Apulensis Series Oeconomica, 2009, vol. 1, issue 11, 47

Abstract: This paperwork studies the municipal bond loan issue situation on the Romanian financial market and its relation with the local financial decentralization. We discussed also about the opportunity of the municipal rating in selling local bonds and the advantages gave by this kind of financial instruments, both for the issuers and the investors.

Keywords: municipal bonds, local public administration, decentralization, rating (search for similar items in EconPapers)
JEL-codes: G11 H72 H74 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:alu:journl:v:1:y:2009:i:11:p:47

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