Stopień urynkowienia obligacji komunalnych w Polsce

Ekonomiczne Problemy Usług. 2016;125 DOI 10.18276/epu.2016.125-18


Journal Homepage

Journal Title: Ekonomiczne Problemy Usług

ISSN: 1896-382X (Print); 2353-2866 (Online)

Publisher: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego

LCC Subject Category: Social Sciences: Commerce: Business: Marketing. Distribution of products | Social Sciences: Finance

Country of publisher: Poland

Language of fulltext: English, Polish

Full-text formats available: PDF



Dominika Kordela (Uniwersytet Szczeciński WydziałZarządzania i Ekonomiki Usług)


Double blind peer review

Editorial Board

Instructions for authors

Time From Submission to Publication: 26 weeks


Abstract | Full Text

Financing with the use of municipal bonds is gaining in importance, especially regard­ing implementation investment projects financed from European Union funds. Local government units have the choice of emissions on the market organized and unorganized market. The aim of the article is to examine the degree of marketization of municipal bonds in Poland in the years 2009-2015 by comparing the emissions markets, liquidity analysis and evaluation of the structure of investors. The results indicate a low level of marketization of municipal bonds in Poland, low illiquidity and the dominance of banks among the bondholders.