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MUNICIPAL BORROWINGS AS AN INSTRUMENT OF SUPPORTING REGIONAL ECONOMIC GROWTH

100%
Korenyako M. G.
Rehionalna ekonomika
|
2008
|
issue 4(50)
32-37
EN
The sources of financing of local infrastructure by the issue of local state bonds as alternative to the bank and budgetary financing are examined. An assessment of current status of the market of municipal borrowings in Ukraine has been carried out. Analysisi of risks and benefits of local borrowings based on the experience of other middle-income countries has been conducted.
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Market of Communal Bonds in Poland - Determinants of It's Recent Shape and Prospects of Development

100%
Kopanska A.
Ekonomia. Rynek, Gospodarka, Społeczeństwo
|
2004
|
issue 16
75-94
EN
Polish regulations for communal bonds were established in 1995 (and then amended in 2000) mostly following the US model (thanks to American advisors from the USAiD and the World Bank). Unfortunately, after 10 years, the Polish municipal bonds depart far from their American pattern. In the article, some elements of the communal capital market in Poland are analyzed by comparison with the American market. Thanks to this comparison, the factors are identified that have exerted the greatest influence on the current functioning of the Polish communal bonds. Also, forecasts of further development of this market are presented.
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