Subnational Capital Markets in Developing Countries
From Theory to Practice
|Subject||Administrations infranationales -- Nouveaux pays industrialisés.
BUSINESS & ECONOMICS -- Finance. -- bisacsh
Capital market -- Developing countries.
Capital market. -- fast -- (OCoLC)fst00846356
Debts, Public -- Developing countries.
Debts, Public. -- fast -- (OCoLC)fst00888850
Dette publique. -- rasuqam
Dettes publiques -- Nouveaux pays industrialisés.
Dezentralisation. -- swd
Gouvernement local. -- rasuqam
Kapitaalmarkt. -- gtt
Kapitalmarkt. -- swd
Marché des capitaux. -- rasuqam
Marché financier -- Nouveaux pays industrialisés.
Marché financier. -- rasuqam
Ontwikkelingslanden. -- gtt
Subnational governments -- Developing countries.
Subnational governments. -- fast -- (OCoLC)fst01136685
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.