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The Romanian Municipal Bonds –A Challenge For Local Public Finance And For Investors

Author

Listed:
  • Carmen Maria Lăcătuş

    (Bucharest Academy of Economic Studies)

  • Florin Văduva

    (Titu Maiorescu University)

Abstract

This paper aims to present the municipal bond market development in Romania in the context of financial decentralization and to emphasize its importance for local development but also for the safety of the portfolio investment.

Suggested Citation

  • Carmen Maria Lăcătuş & Florin Văduva, 2009. "The Romanian Municipal Bonds –A Challenge For Local Public Finance And For Investors," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 12(12(541)(s), pages 166-173, December.
    • Handle: RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:166-173
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