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Financing Public Health System By Municipal Bonds – A Solution In The Current Pandemic

Author

Listed:
  • Laura PANOIU

    ("Constantin Brancoveanu" University of Pitesti, Romania)

  • Alina VOICULET

    ("Constantin Brancoveanu" University of Pitesti, Romania)

Abstract

The social reality of our times presents significant vulnerabilities in both the national and the international health systems. This pandemic reveals major shortages in hospital endowment with the essential equipment for emergency or ICU medical assistance. Because of the economic and social impact the pandemic has generated, our paper has the aim to bring up a less used funding method by the local Romanian authorities: municipal bonds. Knowing that the financial credit instruments may be an important resource for the large strategic investments in the medical field, we have started a scientific project based on the quantitative analysis by tracking how the Romanian public health is financed, how the municipal bonds are used at both worldwide and local economic levels, and what impact a bond loan could have. This paper aims at being a useful instrument for the local authorities by explaining in a more accurate way how the municipal bonds work.

Suggested Citation

  • Laura PANOIU & Alina VOICULET, 2020. "Financing Public Health System By Municipal Bonds – A Solution In The Current Pandemic," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 5(2), pages 99-107.
    • Handle: RePEc:brc:brccej:v:5:y:2020:i:2:p:99-107
    as

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    References listed on IDEAS

    as
    1. Dario Cestau & Burton Hollifield & Dan Li & Norman Schürhoff, 2019. "Municipal Bond Markets," Annual Review of Financial Economics, Annual Reviews, vol. 11(1), pages 65-84, December.
    2. repec:agr:journl:v:1(602):y:2015:i:1(602):p:163-194 is not listed on IDEAS
    3. Cornelia POP & Maria-Andrada GEORGESCU, 2015. "Romanian municipal bond market at Bucharest Stock Exchange: further investigations," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(602), S), pages 163-194, Spring.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    health system financing; local public authorities; capital market; municipal bonds;
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • H51 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Health
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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