In the context of a larger economic liberalization, resulting in the withdrawal of a certain degree of state intervention, a reorientation of public funds took place, which, for local authorities, meant that they had to take over a larger share of responsibility regarding the economic policies....

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 paper aims to present the municipal bond market development in Romania in the context of financial decentralization and to emphasize its importance for local development but also for the safety of the portfolio investment.

The work paper highlights the evolution of the public financial decentralization in Romania, based on analysis of legislative changes that occurred after 1991.These changes have had an important impact on local budgets and on local government responsibilities. In the context of increasing local...

The paper objectifies the first part of a larger projects aiming at establishing a public decision-making map pertaining to the negative externalities in the framework of the economic approach of subsidiarity in the multilevel governance (the case of Romania). The first part of the larger...

Local authority financing is currently at the heart of the political debate. All the states are faced with the challenge of reconciling the need to control and reduce public spending with greater financial autonomy in local government; they are accordingly seeking ways of achieving an equitable...

The attentive diagnosis of the local economic basis, the deep understanding of the obstacles that confront the economic growth and the investments, the elaboration and the implementation of certain strategies to facilitate the investments are the means by which the local authorities can assure...

Today, the role of CIO in local government is becoming increasingly important. In the last 25 years there was among theorists and practitioners a significant increase in the volume of studies on the powers and role of the CIO in the public entities which are facing different challenges from...