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Making widespread use of municipal bonds in Scotland?

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  • Stephen J. Bailey
  • Darinka Asenova
  • John Hood

Abstract

This article considers the possibilities for widespread use of municipal bonds to finance public sector infrastructure, with particular reference to Scotland. Provided the various control measures recommended in this article are in place, there can be few objections either in principle or practice and they would be a highly desirable secure form of debt, so helping ease the current credit crunch.

Suggested Citation

  • Stephen J. Bailey & Darinka Asenova & John Hood, 2009. "Making widespread use of municipal bonds in Scotland?," Public Money & Management, Taylor & Francis Journals, vol. 29(1), pages 11-18, January.
    • Handle: RePEc:taf:pubmmg:v:29:y:2009:i:1:p:11-18
    DOI: 10.1080/09540960802617319
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    References listed on IDEAS

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    1. Anwar Shah, 2006. "Local Governance in Industrial Countries," World Bank Publications - Books, The World Bank Group, number 7108.
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    Cited by:

    1. Massimo Pinna, 2015. "An Empirical Analysis of the Municipal Bond Market in Italy: Sovereign Risk and Sub-Sovereign Levels of Government," Public Budgeting & Finance, Wiley Blackwell, vol. 35(3), pages 68-94, September.
    2. Davide Eltrudis, 2022. "On the Financial Autonomy of European Local Governments: The Case of Municipal Bonds in Italy," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 226-242.
    3. Davide Eltrudis & Patrizio Monfardini, 2020. "Are Central Government Rules Okay? Assessing the Hidden Costs of Centralised Discipline for Municipal Borrowing," Sustainability, MDPI, vol. 12(23), pages 1-14, November.

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