@article{Kozak:298458,
      recid = {298458},
      author = {Kozak, Sylwester},
      title = {THE USE OF MUNICIPAL BONDS IN FINANCING REGIONAL ECONOMIC  DEVELOPMENT IN POLAND},
      journal = {Economic and Regional Studies (Studia Ekonomiczne i  Regionalne)},
      address = {2019-09-30},
      number = {673-2020-003},
      month = {Sep},
      year = {2019},
      abstract = {Subject and purpose of work: The article presents an  analysis of the use of municipal bonds in financing the  development activities of local governments in Poland.  Materials and methods: The study uses data from the  Ministry of Finance, the European Central Bank, the Central  Statistical Office and the CATALYST platform. Results: The  results of the research show that the level of using bonds  by local governments in Poland is lower than the EU  average. Poland's accession to the EU and the inflow of  structural funds significantly increased local governments’  interest in the implementation of bonds to fund  investments, especially in 2008-2010. Conclusions: A  significant part of funds from the issues of municipal  bonds was allocated to regional development projects,  mainly infrastructure. In 2008-2012 the value of newly  issued municipal bonds increased, however, after that the  number and value of new issues significantly decreased.},
      url = {http://ageconsearch.umn.edu/record/298458},
      doi = {https://doi.org/10.22004/ag.econ.298458},
}