This paper work analyses the connection between local financial decentralization and the potential of local public administration to sustain the local economic and social development by its own forces by taking part to the capital market. Next to the ordinary financial sources, which are the...

This paperwork studies the municipal bond loan issue situation on the Romanianfinancial market and its relation with the local financial decentralization. We discussed also aboutthe opportunity of the municipal rating in selling local bonds and the advantages gave by this kindof financial...