Keywords
budget deficit
bank credit
bank loan
municipal bonds
bank credit
bank loan
municipal bonds
How to Cite
Żabka, A. and Hoza, B. (2019) “The Role of Commercial Banks in Financing Debt of Local Government Units”, Scientific Journal of Bielsko-Biala School of Finance and Law. Bielsko-Biała, PL, 23(2), pp. 56–60. doi: 10.5604/01.3001.0013.6518.
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.The papers published in the ASEJ Journal (alternate title: Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej) - published by the University of Applied Sciences in Bielsko-Biała, are online open access distributed (Creative Commons Attribution CC-BY-NC 4.0 license). The Publisher cannot be held liable for the graphic material supplied. The printed version is the original version of the issued Journal. Responsibility for the content rests with the authors and not upon the Scientific Journal or Bielsko-Biala School of Finance and Law.
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