Securing future flows as financing of decentralized autonomous governments
The present research shows us that the securitization of future flows is a suitable financial tool, which is directly link to thesecurities market, regulated by the second book of the Código Orgáni-co Monetario y Financiero, Ley de Mercado de Valores. This financial tool can be used by the Decentral...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2018 |
| País: | Ecuador |
| Institución: | Pontificia Universidad Católica del Ecuador |
| Repositorio: | Revista Facultad de Jurisprudencia |
| Idioma: | español |
| OAI Identifier: | oai:ojs.pkp.sfu.ca:article/118 |
| Acceso en línea: | http://www.revistarfjpuce.edu.ec/index.php/rfj/article/view/118 |
| Access Level: | acceso abierto |
| Palabra clave: | securitization of future flow receivable decentralized autonomous governments public administration financial autonomy decentralization titularización de flujos futuros gobiernos autónomos descentralizados administración pública autonomía financiera descentralización |
| Sumario: | The present research shows us that the securitization of future flows is a suitable financial tool, which is directly link to thesecurities market, regulated by the second book of the Código Orgáni-co Monetario y Financiero, Ley de Mercado de Valores. This financial tool can be used by the Decentralized Autonomous Governments as a source of finance to obtain resources at present time, and achieve the realization of their exclusives competences, which are determined by the Constitution of the Republic of Ecuador and the Código Orgánico de Organización Territorial. However, the securitization, although it is a tool that offers advantages to the originator and the investor, it is evident the scarce application from of the Decentralized Autonomous Governments witch implies that there is a lack of knowledge about the benefits offered by this tool; for which it is propose for there be more promotion and study by the Decentralized Autonomous Gover-nments on this alternative of finance. KEYWORDS: securitization of future flow receivable, decentralized autonomous governments, public administration, financial autonomy, decentralization. JEL CODE: E44, G32 |
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