The SOE Premium and Government Support in China's Credit Market
收藏NBER2019-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w26575
下载链接
链接失效反馈官方服务：
资源简介：
Studying Chinas credit market using a structural default model that integrates credit risk, liquidity, and bailout, we document improved price discovery and deepening divide between state-owned enterprises (SOEs) and non-SOEs. Amidst liquidity deterioration, the presence of government bailout helps
提供机构：
美国国家经济研究局
创建时间：
2019-12-01
