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Internationalization Of The Retailer On Emerging Markets: Between Strategic Choices And Cultural Choices, The Romanian Example

Author

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  • Francois Cassiere

    (University of Auvergne, Clermont 1)

Abstract

The global financial crisis raised the price of the access to bank loans, a viable solution for financing is represented by issuing municipal bonds. This paper presents the current situation of municipal bons issues in Romania focusing on destination, on costs, on loans’ guarantees and their impact on indebtedness of local government. Local municipal bond market in Romania has a relatively short history, tailored after 2001, knowing that a considerable advance in recent years. The most common reasons for which public authorities are calling for loans are: either in need of cash or in need to balance the budget.

Suggested Citation

  • Francois Cassiere, 2010. "Internationalization Of The Retailer On Emerging Markets: Between Strategic Choices And Cultural Choices, The Romanian Example," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 5(2), pages 24-37, August.
    • Handle: RePEc:blg:journl:v:5:y:2010:i:2:p:24-37
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/523cassiere.pdf
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    References listed on IDEAS

    as
    1. Isabelle Baudet & Jean-Yves Duyck & Jacques Jaussaud & Xueming Liu, 2009. "Les relations fournisseurs distributeurs dans la grande distribution en Chine : les pratiques comparées de deux grandes enseignes : Hualian et Carrefour," Post-Print hal-02431093, HAL.
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    1. Francois Cassiere, 2010. "Internationalization of the retailer on emerging markets between strategic choices and cultural choices, the Romanian example," Post-Print hal-03326063, HAL.

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