The Role of Commercial Banks in Financing Debt of Local Government Units Cover Image

The Role of Commercial Banks in Financing Debt of Local Government Units
The Role of Commercial Banks in Financing Debt of Local Government Units

Author(s): Adam Żabka, Beata Hoza
Subject(s): National Economy, Financial Markets
Published by: Wydawnictwo Wyższej Szkoły Finansów i Prawa w Bielsku-Białej
Keywords: budget deficit; bank credit; bank loan; municipal bonds;

Summary/Abstract: The authors of the paper present the results of their research in the structure of resources used to cover financial deficit of institutions of public finance sector on central and local level. The authors also evaluate the consequences triggered by application of different methods of financing. The aim of the paper is to analyse the reasons of low activity of local government units in obtaining financial resources directly from the capital market as compared to the State Treasury and commercial enterprises. By means of tools used in comparative analysis the authors juxtapose the most important parameters of primary and secondary markets of long-term debt securities issued by local government units, the State Treasury and commercial enterprises.

  • Issue Year: 23/2019
  • Issue No: 2
  • Page Range: 56-60
  • Page Count: 5
  • Language: English