Municipal Bond Issuance of Kunming Based on KMV Model
This paper mainly discusses the security issue size of the Kunming municipal bonds, the article first analyzes the background and reasons of the municipal bonds in China, and recalls Kunmings urban construction and municipal bonds issued. Then the author uses the KMV model to measure the credit risk of the Kunming municipal bonds and safety issue size. At the end, the paper gives some policy recommendations based on the empirical results.
Municipal bond issue size economy of Kunming
GAO Bing WANG Yanzhang
Faculty of Management and Economics, Dalian University of Technology, Dalian, China, 116024
国际会议
大连
英文
357-363
2012-07-07(万方平台首次上网日期,不代表论文的发表时间)