Green Bonds as an Opportunity to Rationalise Local-Government Finances

Expenditures and Receipts in State and Local Government Finances: Reply

Chowdhury (1988) adopts an alternative technique to test for causality between expenditures and receipts of state and local governments and claims that he obtains results that are different from those reported in our 1987 paper (Marlow and Manage, 1987). We disagree with many of his criticisms. In this reply, we argue that he misinterprets our results and policy implications and that his result...

The Interconnection of the Local Democracy and the Finances of Local Self- Government

In this paper the author gives a legal vision of the link between the local democracy and finances of the local self-government by comparing the legislation and its impact in France and in Russia, as well as by introducing some comparative elements with Slovenia. The analysis, made essentially on the basis of the Russian federal law n° 131-FZ and the French General Code of Territorial Entities ...

Credit Risk and Local Government Bonds: A Case from China

Issuing local government bonds will become a main financing manner and channel of municipal infrastructure in China while its major problem is volumes and credit risk control. Based on the KMV model, the credit risk model for municipal bonds is constructed in this paper and further study the patterns its probability distribution to improve prediction accuracy. After determining the forecast sta...

Precautionary policies in local government: green chemistry and safer alternatives.

Local governments like the City and County of San Francisco have shouldered the burden of toxic chemicals released into the environment through the substantial costs of health care, environmental cleanup, and infrastructure to purify drinking water, manage wastewater, and manage solid waste. Cities can no longer afford to wait for federal regulation to prevent toxic chemicals from appearing in ...

Developing Opportunity: A Study of Local Government Tools to Encourage Affordable Housing