TY  - BOOK
AU  - Freire, Mila	
AU  - Petersen, John.
TI  - Subnational capital markets in devloping countries: : from theory to practice
SN  - 9780821354643
U1  - 332.041091724 
PY  - 2004///
CY  - Washington
PB  - The World Bank
KW  - Debts, Public -- Developing countries.
KW  - Subnational governments -- Developing countries.
KW  -  Capital market -- Developing countries.
N1  - Chapter 1  Introduction  .........................1

I  Political, Legal, and Financial Framework   9
    John Petersen and Mila Freire

Chapter 2  Fiscal Devolution  ....................11
Chapter 3 Market Setting and Legal Framework .....29


II  Borrowing Instruments and Restrictions on Their Use     47
    John Petersen and Miguel Valadez

Chapter 4 Subnational Governments as Borrowers . .49
Chapter 5 The Nature and Design of Debt .........63
Chapter 6 Debt Instruments and Methods of Sale .. .77
Chapter 7 Restrictions on the Issuance and Use of Subsovereign  Debt  ........................87


III  Characteristics of Financial Market Regulation and Disclosure      111
    John Petersen
Chapter 8 Financial Market Structure, Regulation, and  Operations  ..........................113
Chapter 9 Disclosure and Financial Reporting .....129




IV  'Evaluating, Monitoring, and Assisting Subnational Governments      139
    John Petersen and Marcela Huertas

Chapter 10 Credit Analysis and Credit Ratings .... .141
Chapter 11 Monitoring and Intervening in Subnational Government Finances ......155
Chapter 12 Designing and Implementing Credit Assistance to Subnational Governments ....173

V  Policy Guidelines                              203
    John Petersen and Mila Freire

Chapter 13 Concluding Observations and Policy Guides...............205


VI  Country Case Studies                           217
    Latin America and the Caribbean
Chapter 14 Argentina .............219
        Rodrigo Trelles Zabala
Chapter 15 Brazil ...............261
         Rodrigo Trelles Zabala and Giovanni Giovanelii
Chapter 16 Colombia.............279
         Rodrigo Trelles Zabala
Chapter 17 Mexico ..............299
         Steven Hochman and Miguel Valadez

    Sub-Saharan Africa
Chapter 18 South Africa ............313
         Matthew Glasser and Roland White
Chapter 19 Zimbabwe .............337
         Roland White and Matthew Glaser
       Middle East and North Africa
Chapter 20 Morocco..............3,55
         Samir El Daher




Chapter 21  Tunisia  ..........................365
    Samir El Daher

Asia
Chapter 22 People's Republic of China ...........375
    John Petersen
Chapter 23 Republic of Korea ..................399
    John Petersen
Chapter 24  India  ........... .................413
    Pryianka Sood
Chapter 25  Indonesia  ........................443
    Robert Kehew and John Petersen
Chapter 26  The Philippines  ....................461
    John Petersen

Eastern and Central Europe
Chapter 27  Bulgaria  .........................487
    Peter D. Ellis and Kremena lonkova
Chapter 28 Czech Republic ....................503
    Joao C. Oliveira and Jorge Martinez-Vazquez
Chapter 29  Hungary  .........................525
    Pryianka Sood
Chapter 30  Poland  ..........................545
    Miguel Valadez and John Petersen
Chapter 31 Russian Federation .................571
    Asad Alam, Stepan Titov, John Petersen

Bibliography  ................................593
Index  ............................... ... 607


ER  -