Developing a Philippine Local Government Bond Market

Laya, Jaime C. Author_Email:

Philippine Journal of Development, 1995

Abstract: The 1991 Local Government has initiated comprehensive changes in Philippine public administration such as decentralization and greater local autonomy. However, the macroeconomic picture has been characterized by volatile inflation, foreign exchange and interest rate. Against this backdrop, this paper investigates issues that affect the market development for LGU bonds. It also identifies the constraints in the design of LGU bond issue and assesses its marketability.

Keywords: Local Government Units (LGUs); financial economy; financial system; decentralization; bond market (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:phd:pjdevt:jpd_1995_vol__xxii_no__1-d

DOI: 10.62986/pjd1995.22.1d

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