Making widespread use of municipal bonds in Scotland?

Stephen J. Bailey, Darinka Asenova, John Hood

Research output: Contribution to journalArticle

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.

Original languageEnglish
Pages (from-to)11-18
Number of pages8
JournalPublic Money and Management
Volume29
Issue number1
DOIs
Publication statusPublished - 1 Jan 2009

Keywords

  • Scotland
  • municipal bonds
  • public finance
  • public sector

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