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Publication Detail
JPD 1995 Vol. XXII No. 1-d: Developing a Philippine Local Government Bond Market

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.

Philippine Institute for Development Studies
Authors Keywords
Laya, Jaime C.; financial economy; financial system; decentralization; bond market; Local Government Units (LGUs);
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Published in 1995 and available in the PIDS Library or can be downloaded as full text Downloaded 2,468 times since November 25, 2011