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- W2386255334 abstract "Local government bonds have multiple effects on various aspects of an economy.The issuance of local government bonds can ameliorate the financial situation of local governments.It may also make local governments more aggressive to borrow.The effect of local bonds on central government depends on the solvency of local governments as well as limits on amount of issuance.The microeconomic effects of local bonds include increasing the supply of local public goods and promoting the equity among generations.In macroeconomic aspect,local government bonds can help to avoid the currency domestic inclination of foreign investments and problems resulting from changing exchange rates.Local government bonds also contribute the development of financial markets.The regional effect of local bonds depends on the selection criteria for issuers.When authorizing local government to issue bonds,risk management is important." @default.
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- W2386255334 date "2009-01-01" @default.
- W2386255334 modified "2023-09-26" @default.
- W2386255334 title "The Economic Effects of Local Government Bonds" @default.
- W2386255334 hasPublicationYear "2009" @default.
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