Napredna pretraga

Pregled bibliografske jedinice broj: 109887

Financing local public sector in Croatia by issuing municipal bonds


Prohaska, Zdenko; Olgić Draženović, Bojana
Financing local public sector in Croatia by issuing municipal bonds // International Conference "Globalization and Entrepreneurship : Fears, Challenges and Opportunities" : proceedings / Krbec, Denisa (ur.).
Pula: University of Rijeka, Faculty of Economics and Tourism, 2003. str. 488-499 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)


Naslov
Financing local public sector in Croatia by issuing municipal bonds

Autori
Prohaska, Zdenko ; Olgić Draženović, Bojana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
International Conference "Globalization and Entrepreneurship : Fears, Challenges and Opportunities" : proceedings / Krbec, Denisa - Pula : University of Rijeka, Faculty of Economics and Tourism, 2003, 488-499

ISBN
953-96143-5-x

Skup
International Conference "Globalization and Entrepreneurship : Fears, Challenges and Opportunities"

Mjesto i datum
Pula, Hrvatska, 24.-26.04.2003

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
local public sector; municipal bonds; capital market

Sažetak
Modern democratic societies are characterised by the tendency of decentralisation and especially the decentralisation of public needs which has to be conveyed to the local level. Therefore, traditional concept of local government financing by tax revenues and governmental transfers are not sufficient to meet growing local public needs. There are several new types of financing local government units with a leading role of issuing municipal bonds. Considering the development of Croatian municipal bond market, there are some macroeconomic prerequisites, as well as additional ones, regarding potentional issuers, that have to be taken into account. Croatia's municipal bond market is at an early stage of development considering the fact that there are only two examples of municipal bond issues: two series of the Istrian County bonds in 1995 and entrance of the Town of Opatija to the capital market. In the focus of our research will be primarily the issue of Istrian County bonds – first series or IŽ 0195 and also the second one, or IŽ 0295. Analysis will be carried out in the terms of the basic elements that determined the municipal bonds issuing project, like the purpose of the issues, the bonds type and their characteristics, secondary trading on the Croatian capital market, redemption etc. As mentioned above, the Croatian experience with municipal securities is limited, but not a negligible one. The aim of this research is to point out that these projects have been of significant importance for the development of Croatia's capital market.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Book of Abstracts and CD-ROM with Full Papers



POVEZANOST RADA


Projekt / tema
0081009

Ustanove
Ekonomski fakultet, Rijeka

Citiraj ovu publikaciju

Prohaska, Zdenko; Olgić Draženović, Bojana
Financing local public sector in Croatia by issuing municipal bonds // International Conference "Globalization and Entrepreneurship : Fears, Challenges and Opportunities" : proceedings / Krbec, Denisa (ur.).
Pula: University of Rijeka, Faculty of Economics and Tourism, 2003. str. 488-499 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
Prohaska, Z. & Olgić Draženović, B. (2003) Financing local public sector in Croatia by issuing municipal bonds. U: Krbec, D. (ur.)International Conference "Globalization and Entrepreneurship : Fears, Challenges and Opportunities" : proceedings.
@article{article, editor = {Krbec, D.}, year = {2003}, pages = {488-499}, keywords = {local public sector, municipal bonds, capital market}, isbn = {953-96143-5-x}, title = {Financing local public sector in Croatia by issuing municipal bonds}, keyword = {local public sector, municipal bonds, capital market}, publisher = {University of Rijeka, Faculty of Economics and Tourism}, publisherplace = {Pula, Hrvatska} }