市政债券匹配城镇化建设资金需求的理论分析  

Analysis of Urban Infrastructure Construction Fund Demand Theory Matching the Municipal Bond

作　　者：陈峥嵘[1] 

机构地区：[1]海通证券研究所,上海200002

出　　处：《科学发展》2013年第7期43-51,共9页Scientific Development

摘　　要：城镇基础设施和公共服务等社会公共品理应由地方政府提供,地方政府需要为此筹措长期建设资金。市政债券与城镇化建设相关投资相契合,在城镇化建设融资中具有良好的适应能力,能够在融资安排和风险防范上有所作为,在城镇化发展过程中担当融资主体。并且市政债券能很好地匹配、适应和耦合城镇基础设施建设资金需求的特点,避免其他融资方式或融资工具可能存在的期限错配。市政债券是适合城镇化建设融资、有助于建立多元化的城镇化建设融资体系与可持续的城镇化建设融资机制,从而积极稳妥地推进城镇化的有效融资工具。urban infrastructure and public services, public goods theory should be provided by local government, local governments need to raise long-term funds for construction. The investment of construction of municipal bonds and urban phase to meet, have good adaptability in urban construction financing, to dosomethinpreviouslyunreleased in financing and risk prevention, in the urbanization process as financing body. And municipal bonds can very well matched, adaptation and coupling of urban infrastructure construction financing needs to avoid a maturity mismatch, other ways of financing or financing tools possible distribution. Municipal bond financing, is suitable for the urbanization helps to establish a diversified urban construction financing system and sustainable urbanization construction financing mechanism, and actively and steadily promote urbanization effective financing tool.

关 键 词：市政债券 城镇基础设施 城镇化 债务融资工具 

分 类 号：F812.5[经济管理—财政学]