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Developing a Philippine Local Government Bond Market

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  • Laya, Jaime C. Author_Email:

Abstract

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.

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  • Laya, Jaime C. Author_Email:, "undated". "Developing a Philippine Local Government Bond Market," Philippine Journal of Development jpd_1995_vol__xxii_no__1-, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:pjdevt:jpd_1995_vol__xxii_no__1-d
    DOI: https://doi.org/10.62986/pjd1995.22.1d
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