EconStor >
Economists Association of La Coruña >
Economic Analysis Working Papers: EAWP, Economists Association of La Coruña >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/43427
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorBunescu, Lilianaen_US
dc.date.accessioned2010-11-16en_US
dc.date.accessioned2010-12-16T15:55:28Z-
dc.date.available2010-12-16T15:55:28Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/43427-
dc.description.abstractIn a market economy government resources are often insufficient to cover all the public budget needs. Public capital collecting process presents a particular interest considering the need of getting them with lower costs. The options for collecting public resources are characterized by diversity and complexity. One of them is based on municipal bonds funds. This paper explores the potential of public bonds issued at a local level in raising capital for infrastructure investments in Romanian public administration. This paper is not meant to be an empirical study at national level because sub-sovereign bonds market in Romania is not very developed. This paper is limited to a case study of public financing methods for a Romanian local public administration. Local authorities from Oradea have no other possibility without one of borrowing to achieve the objectives proposed. Thus, it resorted to a set of internal and external loans. Our study contents a comparative cost analysis of public financing by loans. The analysis lead to the result that the cheapest source of financing is the loan offered by the European Investment Bank, followed by municipal bonds issuing.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesEconomic analysis working papers 2010,8en_US
dc.subject.jelH74en_US
dc.subject.ddc330en_US
dc.titleMunicipal bonds: A viable funding option for Oradea Local Public Administration (Romania)en_US
dc.typeWorking Paperen_US
dc.identifier.ppn63958053Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Economic Analysis Working Papers: EAWP, Economists Association of La Coruña

Files in This Item:
File Description SizeFormat
63958053X.pdf182.43 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.