“银边债券”：关于城市公债的理性思考与现实选择

长期以来，我国一直禁止地方政府发行公债，而国外地方政府发债融资弥补城市基础建设资金不足，是一种极为普遍的现象。本文对从我国建立城市公债制度的必要性和可能性的分析出发，提出了建立我国城市公债制度的基本思路。

Rational Thoughts on Municipal Bond and Its Practical Selection

In China, local governments have long been forbidden to issue bonds, although it is a very common practice for foreign local governm ents to issue bonds to finance city infrastructure construction. Based on the pr obe into the necessity and feasibility of establishing the local government bond s-issuing mechanism, the article has proposed the fundamental thinking of establ ishing city bonds system.