Research Catalog

Local government borrowing risks and rewards : a report on Central and Eastern Europe / edited by Pawel Swianiewicz.

Title
Local government borrowing risks and rewards : a report on Central and Eastern Europe / edited by Pawel Swianiewicz.
Publication
Budapest : Local Government and Public Service Reform Initiative of the Open Society Institute, 2004.

Items in the Library & Off-site

Filter by

1 Item

StatusFormatAccessCall NumberItem Location
Request for On-site UseRequest Scan
How do I pick up this item and when will it be ready?
TextRequest in advance HJ8618 .L63 2004Off-site

Details

Additional Authors
Swianiewicz, Paweł
Description
434 p. : tables, charts; 24 cm.
Summary
"A balanced budget prescribes that local authorities never take on debt to cover current costs, but it allows, and even promotes, prudent borrowing for capital purposes. Local governments must choose between the reward of capital improvements and the risk of debt." "The introduction to this volume of the Local Government Policy Partnership sketches the theoretical and practical consequences that local governments face in deciding to borrow. It cites examples from Western Europe where they have succeeded and failed in managing capital loans. Subsequent country studies reflect on the borrowing market in the Czech Republic, Estonia, Hungary, Poland, Romania, Russia, and Slovakia. They recommend steps that would facilitate the opportunities for local governments to borrow. Regulation is essential to local government borrowing and a variety of practical arrangements are presented."--Jacket.
Subject
  • Local finance > Europe, Eastern
  • Debts, Public > Europe, Eastern
  • Local government > Europe, Eastern
  • Finance, Public > Government policy > Europe, Eastern
  • Debts, Public > Europe, Central
  • Local finance > Europe, Central
Bibliography (note)
  • Includes bibliographical references and index.
Processing Action (note)
  • committed to retain
Contents
PART I. INTRODUCTION -- The theory of local borrowing and the West-European experience / Pawel Swianiewicz -- PART II. COUNTRY STUDIES -- The regulation and development of the subsovereign debt market in Poland: 1993-2002 / Agnieszka Kopańska, Tony Levitas -- Local government borrowing in Hungary / Gábor Balás, József Hegedüs -- Local government borrowing in the deregulated market of the Czech Republic / Vladimír Jezek [and others] -- Local borrowing in Slovakia: from deregulation to regulation and stabilization / Jaroslav Kling, Viktor Nižňanský -- Local government borrowing: regulations and practices in Estonia / Annika Jaanso [and others] -- Bond issues and bank loans: new mechanisms to support local development in Romania / Anca Ghinea [and others] -- Local government borrowing in Russia: difficult paths of economic transformation / Sergey Mikhaylovich [and others] -- PART III. COMPARING INTERNATIONAL EXPERIENCES: EMERGING MARKETS OF LOCAL BORROWING? / Pawel Swianiewicz.
ISBN
9639419516
OCLC
  • 56400050
  • SCSB-12113692
Owning Institutions
Harvard Library