View from the Crisis of Confidence in the Local Government Bonds

摘要：

Good trust of the government can effectively reduce transaction costs in the relationship between the government and public, and also increase the expected behavior of social subjects. As direct local organizations for the general public, local governments would directly affect the publics trust, affect the local stability and development. All these things depend on what extent they are trusted. In China, Loan in the local government is obligated to obey Budget Law in a fairy strict way, in fact, they crossed the line. Its very common that there exits numerous local government debt, and thats why the people have negative thoughts on confidence in the local government. This article will demonstrate the need to issue bonds in the local government from the perspective of crisis of confidence, and how to evade the trust crisis, also propose preventive measures.

关键词： Local government Crisis of confidence Public bond Preventive measures

作者: SHI Sheng-an

作者单位: The School of Humanities, North China Electric Power University, Baoding, P.R. China, 071003

会议类型: 国际会议

会议名称: 2010 International Conference on Public Administration(6th)(2010 第六届公共管理国际会议)

会议地点: 澳大利亚堪培拉

会议语种:英文

页码: 827-831

在线出版日期: 2010-10-22（万方平台首次上网日期，不代表论文的发表时间）