Subnational Capital Markets in Developing Countries

Released on by Mila Freire
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  • Subnational Capital Markets in Developing Countries Book Detail

  • Author : Mila Freire
  • Release Date : 2004
  • Publisher : World Bank Publications
  • Genre : Business & Economics
  • Pages : 700
  • ISBN 13 : 9780821354643
  • File Size : 68,68 MB
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Subnational Capital Markets in Developing Countries by Mila Freire PDF Summary

Book Description: This publication has been prepared by staff members of the World Bank and selected guest contributors. It sets out a framework to study subnational governments as borrowers and the range of credit markets in which they may operate. It also contains a number of case studies which detail the recent experience of 18 countries in developing markets for subnational borrowers., and offer insights into lessons to be drawn on fostering responsible credit market access within a framework of fiscal and financial discipline. Other issues discussed include: the issuing of municipal debt and its characteristics, and the role of macroeconomic conditions and market development in the success or failure of those borrowings.

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