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Optimal bond issuance with cost and liquidity constraints for Chinese local governments: a multi-period stochastic programming approach
In recent years, China’s local governments have issued numerous bonds to support the country’s economic development. However, as total debt accumulates, the pressure on debt repayments is gradually increasing. To increase the sustainability of local government debt, we propose a multi-period stochas...
| Autores principales: | , , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Berlin Heidelberg
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9606205/ https://www.ncbi.nlm.nih.gov/pubmed/36320209 http://dx.doi.org/10.1007/s00181-022-02210-y |