Policy signals, credibility and market expectations: Evidence from the Chinese bond market
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DOI: 10.1016/j.frl.2023.104387
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Cited by:
- Wan, Rui & Fan, Wencheng & Wang, Xiaoping, 2024. "Local government financing vehicle restructuring, implicit government guarantees and debt financing costs: Evidence from the Chinese municipal corporate bond market," Economic Systems, Elsevier, vol. 48(2).
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More about this item
Keywords
Policy signals; Credibility; Market guarantee expectations; Asymmetric effects;All these keywords.
JEL classification:
- G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
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