Developing a Philippine local government bond market /
By: Laya, Jaime C.
Series: Vol. 22 No. 1 First Sem 1995.Description: p.135.Subject(s): Government bond market - Philippines | PIDS JPD 1995Online resources: Click here to access online In: Journal of Philippine DevelopmentSummary: The 1991 Local Government has initiated comprehensive changes in Philippine public administration such as decentralization and greater local autonomy. However, the macroeconomic picture has been characterized by volatile inflation, foreign exchange and interest rate. Against this backdrop, this paper investigates issues that affect the market development for LGU bonds. It also identifies the constraints in the design of LGU bond issue and assesses its marketability.No physical items for this record
The 1991 Local Government has initiated comprehensive changes in Philippine public administration such as decentralization and greater local autonomy. However, the macroeconomic picture has been characterized by volatile inflation, foreign exchange and interest rate. Against this backdrop, this paper investigates issues that affect the market development for LGU bonds. It also identifies the constraints in the design of LGU bond issue and assesses its marketability.