Financial issues of regional development and interregional cooperation of Ukrainian regions

Abstract

The paper considers the problems of financial support for regional development and interregional cooperation, among which there are low level of municipal securities emission and insufficient number of financial infrastructure institutions that would implement financial resources support for interregional projects. Advantages of municipal bonds issue are defined and international experience of municipal securities issue is considered. The performance of municipal bonds market in Ukraine is analyzed. Types of financial institutions of regional infrastructure, operating in developed countries and their role in regional needs financing are characterized. Forms of existence and activities of municipal banks are defined. Obstacles to the development of the municipal bonds market and the establishment of municipal banks and other financial institutions of regional infrastructure in Ukraine are determined