Making widespread use of municipal bonds in Scotland?

Stephen J. Bailey, Darinka Asenova and John Hood

Public Money & Management, 2009, vol. 29, issue 1, 11-18

Abstract: This article considers the possibilities for widespread use of municipal bonds to finance public sector infrastructure, with particular reference to Scotland. Provided the various control measures recommended in this article are in place, there can be few objections either in principle or practice and they would be a highly desirable secure form of debt, so helping ease the current credit crunch.

Date: 2009
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DOI: 10.1080/09540960802617319

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