Several explorations on how to construct an early warning system for local government debt risk in China
Author
Abstract
Suggested Citation
DOI: 10.1371/journal.pone.0263391
Download full text from publisher
References listed on IDEAS
- Chen, Zhuo & He, Zhiguo & Liu, Chun, 2020.
"The financing of local government in China: Stimulus loan wanes and shadow banking waxes,"
Journal of Financial Economics, Elsevier, vol. 137(1), pages 42-71.
- Zhuo Chen & Zhiguo He & Chun Liu, 2017. "The Financing of Local Government in China: Stimulus Loan Wanes and Shadow Banking Waxes," NBER Working Papers 23598, National Bureau of Economic Research, Inc.
- Jutasompakorn, Pearpilai & Brooks, Robert & Brown, Christine & Treepongkaruna, Sirimon, 2014. "Banking crises: Identifying dates and determinants," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 32(C), pages 150-166.
- Abel Cadenillas & Ricardo Huamán-Aguilar, 2016. "Explicit formula for the optimal government debt ceiling," Annals of Operations Research, Springer, vol. 247(2), pages 415-449, December.
- Katleho Daniel Makatjane & Edward Kagiso Molefe, 2020. "Predicting Regime Shifts in Johannesburg Stock Exchange All-Share Index (JSE-ALSI): A Markov-Switching Approach," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 8(2), pages 95-103.
- Polackova, Hana, 1998. "Contingent government liabilities : a hidden risk for fiscal stability," Policy Research Working Paper Series 1989, The World Bank.
- Rani Wijayanti & Sagita Rachmanira, 2020. "Early Warning System for Government Debt Crisis in Developing Countries," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 9(special i), pages 103-124.
- Fausto Hernández-Trillo & Ricardo Smith-Ramírez, 2009.
"Credit Ratings in the Presence of Bailout: The Case of Mexican Subnational Government Debt,"
Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2009), pages 45-79, August.
- Hernández-Trillo, Fausto & Smith-Ramírez, Ricardo, 2009. "Credit ratings in the presence of bailout: the case of Mexican subnational government debt," LSE Research Online Documents on Economics 123370, London School of Economics and Political Science, LSE Library.
- Xing Li & Xiangyu Ge & Wei Fan & Hao Zheng, 2021. "Research on Spatial Correlation Characteristics and Their Spatial Spillover Effect of Local Government Debt Risks in China," Sustainability, MDPI, vol. 13(5), pages 1-32, March.
- Changjun Zheng & Siwei Huang & Ningyu Qian, 2021. "Analysis Of The Co-Movement Between Local Government Debt Risk And Bank Risk In China," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 66(03), pages 807-835, June.
- Kunyu Tao, 2015. "Assessing Local Government Debt Risks in China: A Case Study of Local Government Financial Vehicles," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 23(5), pages 1-25, September.
- Easterly, William, 1999. "When is fiscal adjustment an illusion?," Policy Research Working Paper Series 2109, The World Bank.
- William Easterly, 1999. "When is fiscal adjustment an illusion?," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 14(28), pages 56-86.
- Krzysztof Kluza, 2017. "Risk assessment of the local government sector based on the ratio analysis and the DEA method. Evidence from Poland," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 7(3), pages 329-351, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zhang, Mengtao & Chen, Wenchuan & Kou, Aidi & Wu, Yanjun, 2023. "Promotion incentives, tenure uncertainty, and local government debt risk," Finance Research Letters, Elsevier, vol. 56(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ata Özkaya, 2014. "Hidden Overhang of Domestic Debt and Its Role in the This-Time-Is-Different Syndrome: An Empirical Contingent Liabilities Model," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 50(4), pages 73-94.
- Xing Li & Xiangyu Ge & Wei Fan & Hao Zheng, 2021. "Research on Spatial Correlation Characteristics and Their Spatial Spillover Effect of Local Government Debt Risks in China," Sustainability, MDPI, vol. 13(5), pages 1-32, March.
- 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).
- Reischmann, Markus, 2016.
"Creative accounting and electoral motives: Evidence from OECD countries,"
Journal of Comparative Economics, Elsevier, vol. 44(2), pages 243-257.
- Markus Reischmann, 2015. "Creative Accounting and Electoral Motives: Evidence from OECD Countries," ifo Working Paper Series 201, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Dias, Daniel A. & Richmond, Christine & Wright, Mark L.J., 2014.
"The stock of external sovereign debt: Can we take the data at ‘face value’?,"
Journal of International Economics, Elsevier, vol. 94(1), pages 1-17.
- Daniel A. Dias & Christine J. Richmond & Mark L.J. Wright, 2011. "The Stock of External Sovereign Debt: Can We Take the Data At 'Face Value'?," NBER Working Papers 17551, National Bureau of Economic Research, Inc.
- Daniel A. Dias & Christine Richmond & Mark L. J. Wright, 2014. "The Stock of External Sovereign Debt: Can We Take the Data at ‘Face Value’?," Working Paper Series WP-2014-5, Federal Reserve Bank of Chicago.
- Troeger, Vera & Schneider, Christina J., 2012. "Strategic Budgeteering and Debt Allocation," CAGE Online Working Paper Series 85, Competitive Advantage in the Global Economy (CAGE).
- Marco Buti & João Nogueira Martins & Alessandro Turrini, 2007.
"From Deficits to Debt and Back: Political Incentives under Numerical Fiscal Rules,"
CESifo Economic Studies, CESifo Group, vol. 53(1), pages 115-152, March.
- Turrini, Alessandro & Buti, Marco & ,, 2006. "From Deficits to Debt and Back: Political Incentives under Numerical Fiscal Rules," CEPR Discussion Papers 5809, C.E.P.R. Discussion Papers.
- Carsten Hefeker, 2010.
"Fiscal reform and monetary union in West Africa,"
Journal of International Development, John Wiley & Sons, Ltd., vol. 22(1), pages 86-102.
- Hefeker, Carsten, 2003. "Fiscal Reform and Monetary Union in West Africa," Discussion Paper Series 26257, Hamburg Institute of International Economics.
- Hefeker, Carsten, 2003. "Fiscal Reform and Monetary Union in West Africa," HWWA Discussion Papers 224, Hamburg Institute of International Economics (HWWA).
- Iwona Franczak, 2021. "Creative Accounting in Poland’s Sub-Sector of Local Governments," European Research Studies Journal, European Research Studies Journal, vol. 0(4 - Part ), pages 997-1017.
- Paul Masson & Catherine Pattillo, 2002.
"Monetary Union in West Africa: An Agency of Restraint for Fiscal Policies?,"
Journal of African Economies, Centre for the Study of African Economies, vol. 11(3), pages 387-412, September.
- Ms. Catherine A Pattillo & Mr. Paul R Masson, 2001. "Monetary Union in West Africa: An Agency of Restraint for Fiscal Policies?," IMF Working Papers 2001/034, International Monetary Fund.
- Mourão, Paulo, 2007. "Towards a Fiscal Illusion Index," MPRA Paper 9760, University Library of Munich, Germany, revised 28 Jul 2008.
- Silva, Alexandre Manoel Angelo & Cândido Júnior, José Oswaldo, 2010. "É o mercado míope em relação á política fiscal brasileira?," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 64(4), December.
- Buso, Marco & Marty, Frederic & Tran, Phuong Tra, 2017.
"Public-private partnerships from budget constraints: Looking for debt hiding?,"
International Journal of Industrial Organization, Elsevier, vol. 51(C), pages 56-84.
- Marco Buso & Frederic Marty & Tra Tran Phuong, 2014. "Public Private Partnership from Budget Constraints: Looking for Debt Hiding?," "Marco Fanno" Working Papers 0189, Dipartimento di Scienze Economiche "Marco Fanno".
- Marco Buso & Frédéric Marty & Tran-Phuong Tra, 2017. "Public-private partnerships from budget constraints: Looking for debt hiding?," Post-Print halshs-01461826, HAL.
- Marco Buso & Frédéric Marty & Tran-Phuong Tra, 2016. "Public Private Partnerships from Budget Constraints: Looking for Debt Hiding?," Working Papers halshs-01275217, HAL.
- Marco Buso & Frédéric Marty & Tran-Phuong Tra, 2014. "Public Private Partnership from Budget Constraints: Looking for Debt Hiding?," Working Papers halshs-01091725, HAL.
- Daniele Franco (editor), 2012. "Rules and institutions for sound fiscal policy after the crisis," Workshop and Conferences 11, Bank of Italy, Economic Research and International Relations Area.
- Frank Buckley & Eric Rasmusen, 2000.
"The Uneasy Case for the Flat Tax,"
Constitutional Political Economy, Springer, vol. 11(4), pages 295-318, December.
- Francis Buckley & Eric Rasmusen, 1999. "The Uneasy Case for the Flat Tax," Public Economics 9907003, University Library of Munich, Germany.
- Goto, Tsuyoshi & Yamamoto, Genki, 2023. "Debt issuance incentives and creative accounting: Evidence from municipal mergers in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 68(C).
- Rafal Benecki & Jens Hölscher & Mariusz Jarmuzek, 2006.
"Fiscal transparency and policy rules in Poland,"
UCL SSEES Economics and Business working paper series
65, UCL School of Slavonic and East European Studies (SSEES).
- Rafal Benecki & Jens Hölscher & Mariusz Jarmuzek, 2006. "Fiscal Transparency and Policy Rules in Poland," CASE Network Studies and Analyses 0327, CASE-Center for Social and Economic Research.
- Bao, Helen X.H. & Wang, Ziyou & Wu, Robert Liangqi, 2024. "Understanding local government debt financing of infrastructure projects in China: Evidence based on accounting data from local government financing vehicles," Land Use Policy, Elsevier, vol. 136(C).
- Richard Hule & Matthias Sutter, 2003. "Can the Stability and Growth Pact in EMU Cause Budget Deficit Cycles?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 30(1), pages 25-38, March.
- Maren Brede & Christian Henn, 2018. "Finland’s Public Sector Balance Sheet: A Novel Approach to Analysis of Public Finance," IMF Working Papers 2018/078, International Monetary Fund.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0263391. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.