Abstract |
The paper is intended to study the current framework for the
development of municipal bond market in Bulgaria and to suggest
solutions for some of the impediments, constrains or lack of
regulation that presently exist. Introducing municipal bonds as a
means for financing municipal budgets and supporting municipal
investment projects implies setting up a new institution in
Bulgaria, namely the municipal bond market. Despite all challenges
and concerns, issuers and investors are preparing to meet at the
market. Solving the problems that they face in their entirety and
interaction, and facing the challenges will help promote the
successful development of the municipal bonds market in
Bulgaria.
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References |
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