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논문

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지방자치 관련분야의 지식교류를 위하여 자치행정, 지방재정ㆍ세제, 지역개발분야의 수준 있는 연구 논문들을 기고 받아 발간합니다.

분류
지방행정연구 제15권 제1호 통권 50호 2001.12
구분
기고논문

지방채시장의 재구축:신용평가의 유용성과 한계

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저자
조기현
발행일
2001.12
제15권 제1호
통권
50호
다운로드
지방채시장의 재구축:신용평가의 유용성과 한계 download
The advantage of using municipal borrowing to finance infrastructure is
increasing to policy makers in Korea. Some of policy makers have been making
efforts to accelerate the development of municipal borrowing markets. These
efforts use the strenghts of the credit rating system in U.S. municipal borrowing
markets. The purpose of this paper is to review municipal borrowing markets in
Korea and to investigate the characteristics of U.S. credit rating system. In
conclusion, it suggests that the usefulness of credit rating system in Korean
municipal borrowing markets is not high. Korean municipal borrowing markets are
not competitiveness, credit rating's signal effect, and institutional system of
prevention against moral hazard.