Refinansowanie długu lokalnego w Polsce
Journal Title: Studia BAS - Year 2016, Vol 47, Issue 3
Abstract
The article explores the significance of local debt refinancing risk and ways to prevent its occurrence. For this purpose, the author introduces the concept of ratio of average debt maturity of a local government unit. The author presents the test results of the refinancing risk of the local debt in Poland in 2011–2015. Definition of local debt is also discussed, as well as a review of objectives and risks associated with the management of public debt.
Authors and Affiliations
Daniel Budzeń
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