References

Aguiar, M. and M. Amador, 2014. Sovereign debt. Handbook Intl. Econ., 4: 647-687.
Direct Link  |  

Arcalean, C., G. Glomm, I. Schiopu and J. Suedekum, 2010. Public budget composition, fiscal (de) centralization and welfare. Can. J. Econ. Rev. Can. Deconomique, 43: 832-859.
CrossRef  |  Direct Link  |  

Feng, X., 2014. Local government debt and municipal bonds in China: Problems and a framework of rules. Copenhagen J. Asian Stud., 31: 23-53.
Direct Link  |  

Joffe, M.D., 2012. Rating government bonds: Can we raise our grade?. Econ. J. Watch, 9: 350-365.
Direct Link  |  

Marx, N.R. and J.D. Rauh, 2012. Fiscal imbalances and borrowing costs: Evidence from state investment losses. Am. Econ. J. Econ. Policy, 4: 182-213.
CrossRef  |  Direct Link  |  

Peng, J., K. Kriz and Q. Wang, 2014. The two worlds of municipal bonds: Are lower‐rated bonds punished more by financial crisis?. Public Budgeting Finance, 34: 18-38.
CrossRef  |  Direct Link  |  

Pinna, M., 2015. An empirical analysis of the municipal bond market in Italy: Sovereign risk and sub‐sovereign levels of government. Public Finance, 35: 68-94.
CrossRef  |  Direct Link  |  

Rosa, C., 2014. Municipal bonds and monetary policy: Evidence from the fed funds futures market. J. Futures Markets, 34: 434-450.
CrossRef  |  Direct Link  |  

Rutkauskas, A.V., V. Stasytytė and N. Maknickienė, 2014. Government debt as the integral portfolio of assets and liabilities generated by debt. J. Bus. Econ. Manage., 15: 22-40.
Direct Link  |  

Sabitova, N.M., C.M. Shavaleyeva and E.N. Nikonova, 2015. Horizontal imbalances of Russian federation budget system. Asian Soc. Sci., 11: 248-252.
Direct Link  |  

Schultz, P., 2012. The market for new issues of municipal bonds: The roles of transparency and limited access to retail investors. J. Financial Econ., 106: 492-512.
CrossRef  |  

Sharafutdinova, I.R., S.A. Kulakova and E.N. Nikonova, 2014. Issue activity of subjects of the Russian federation and municipalities: Tendencies of the beginning of the XXI century. Mediterr. J. Soc. Sci., 5: 204-208.
CrossRef  |  Direct Link  |  

Sidelnykova, L.P., 2011. Variants while searching for alternatives in budget resources. Actual Prob. Econ., 126: 238-248.

Velenteichyk, N., 2013. Congruence of interests of the center and regions in the course of intergovernmental relations regulation. Econ. 183 Anal., 6: 37-40.