Legal and economic aspects of the use of municipal bonds
By borrowing on the financial market, local self-government units in the Republic of Serbia can finance their own needs. It is up to the local self-governments to decide whether to opt for financing through credit borrowing or through the issue of municipal bonds. The subject of this paper is the an...
| Main Authors: | , |
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| Format: | Article |
| Language: | srp |
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University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia
2022-01-01
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| Series: | Ekonomija: teorija i praksa |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2022/2217-54582202071J.pdf |
| _version_ | 1828400756456161280 |
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| author | Jakšić Pavle Uzelac Ozren |
| author_facet | Jakšić Pavle Uzelac Ozren |
| author_sort | Jakšić Pavle |
| collection | DOAJ |
| description | By borrowing on the financial market, local self-government units in the Republic of Serbia can finance their own needs. It is up to the local self-governments to decide whether to opt for financing through credit borrowing or through the issue of municipal bonds. The subject of this paper is the analysis of the conditions and purpose for which cities, municipalities and local governments in Serbia and in the countries of the region issued municipal bonds. In this regard, the basic characteristics of the analyzed emissions are emphasized, relying on the normative framework of each country individually. The paper points out the basic specifics of municipal bonds.. The aim of this paper is to analyze the advantages and disadvantages of the issue of these bonds in relation to credit borrowing as a possible type of financing. |
| first_indexed | 2024-12-10T09:36:45Z |
| format | Article |
| id | doaj.art-99f915c4c8c7408590b6cd6732fd582e |
| institution | Directory Open Access Journal |
| issn | 2217-5458 2620-0228 |
| language | srp |
| last_indexed | 2024-12-10T09:36:45Z |
| publishDate | 2022-01-01 |
| publisher | University Business Academy - Faculty of Economics and Engineering Management, Novi Sad, Serbia |
| record_format | Article |
| series | Ekonomija: teorija i praksa |
| spelling | doaj.art-99f915c4c8c7408590b6cd6732fd582e2022-12-22T01:54:10ZsrpUniversity Business Academy - Faculty of Economics and Engineering Management, Novi Sad, SerbiaEkonomija: teorija i praksa2217-54582620-02282022-01-01152718710.5937/etp2202071J2217-54582202071JLegal and economic aspects of the use of municipal bondsJakšić Pavle0Uzelac Ozren1https://orcid.org/0000-0001-6991-1644Univerzitet u Novom Sadu, Ekonomski fakultet, Subotica, SerbiaUniverzitet u Novom Sadu, Ekonomski fakultet, Subotica, SerbiaBy borrowing on the financial market, local self-government units in the Republic of Serbia can finance their own needs. It is up to the local self-governments to decide whether to opt for financing through credit borrowing or through the issue of municipal bonds. The subject of this paper is the analysis of the conditions and purpose for which cities, municipalities and local governments in Serbia and in the countries of the region issued municipal bonds. In this regard, the basic characteristics of the analyzed emissions are emphasized, relying on the normative framework of each country individually. The paper points out the basic specifics of municipal bonds.. The aim of this paper is to analyze the advantages and disadvantages of the issue of these bonds in relation to credit borrowing as a possible type of financing.https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2022/2217-54582202071J.pdfsecuritiesmunicipal bondslocal governmentcredit indebtedness |
| spellingShingle | Jakšić Pavle Uzelac Ozren Legal and economic aspects of the use of municipal bonds Ekonomija: teorija i praksa securities municipal bonds local government credit indebtedness |
| title | Legal and economic aspects of the use of municipal bonds |
| title_full | Legal and economic aspects of the use of municipal bonds |
| title_fullStr | Legal and economic aspects of the use of municipal bonds |
| title_full_unstemmed | Legal and economic aspects of the use of municipal bonds |
| title_short | Legal and economic aspects of the use of municipal bonds |
| title_sort | legal and economic aspects of the use of municipal bonds |
| topic | securities municipal bonds local government credit indebtedness |
| url | https://scindeks-clanci.ceon.rs/data/pdf/2217-5458/2022/2217-54582202071J.pdf |
| work_keys_str_mv | AT jaksicpavle legalandeconomicaspectsoftheuseofmunicipalbonds AT uzelacozren legalandeconomicaspectsoftheuseofmunicipalbonds |