Part IV

Simona GHERGHINA, Ph.D. in LAW, Assistant Professor, Considerations on the concept of public guarantee
As part of its activity, the state adapted the guarantees created by the private law to the mechanisms of the public law, thus subordinating them to the protection of public interest. In the absence of a legal qualification that is confirmed by practice as well as due to incomplete and even contradictory regulations, guarantees issued by governments, local authorities and their permitted intermediaries are subject to various interpretations. Starting from both applicable regulations and current practice, the paper aims at identifying  criteria and specific elements that may be used for a uniform qualification of public guarantees,  for their delimitation from other types of guarantees and a description of their typology.

Keywords: public guarantees, public funds, sovereign debt, sovereign guarantees, municipal guarantees, guarantee schemes
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