Subnational capital markets in developing countries : from theory to practice /

Contributor(s):

Material type: Text

TextPublication details: Washington, D.C. : World Bank ; New York, NY : Oxford University Press, c2004.Description: xliii, 651 pISBN:

0821354647
9780821354643

Subject(s):

DDC classification:

332.0415 SUB

LOC classification:

HJ8899 .S857 2004

Online resources:

Summary: This book, prepared by staff members of the World Bank and selected guest contributors, consists of two parts. The first part comprises a framework to study subnational governments as borrowers and the array of credit markets in which they may operate. The second part consists of case studies that document the recent experience of 18 countries in developing markets for subnational borrowers and offer lessons about fostering responsible credit market access within a framework of fiscal and financial discipline. The book pools information on the issuing of municipal debt and its characteristics, analyses the role of macroeconomic conditions and market development in the success or failure of those borrowings, and suggests recommendations to guide ongoing efforts. The goal is to assist local governments in working as strategic partners in the development and strengthening of the capital markets in emerging economies.

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Monograph & others	CBN HQ Library General Stacks	Non-fiction	332.0415 SUB (Browse shelf(Opens below))	Available		31008100032834

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Previous	332.0415 OSA Capital markets :	332.0415 STR The capital markets :	332.0415 STR The capital markets :	332.0415 SUB Subnational capital markets in developing countries :	332.0415 UWA Reflections on the capital market and economy /	332.0415 UWA Reflections on the capital market and economy /	332'.0415091767 ISL Islamic capital markets :	Next

Includes bibliographical references (p. 593-606) and index.

This book, prepared by staff members of the World Bank and selected guest contributors, consists of two parts. The first part comprises a framework to study subnational governments as borrowers and the array of credit markets in which they may operate. The second part consists of case studies that document the recent experience of 18 countries in developing markets for subnational borrowers and offer lessons about fostering responsible credit market access within a framework of fiscal and financial discipline. The book pools information on the issuing of municipal debt and its characteristics, analyses the role of macroeconomic conditions and market development in the success or failure of those borrowings, and suggests recommendations to guide ongoing efforts. The goal is to assist local governments in working as strategic partners in the development and strengthening of the capital markets in emerging economies.

lje 13/07/16

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