국내외 연구기관에서 발표된 중국 연구 자료를 수집하여 제공합니다.
Public Debt Stability in the People’s Republic of China: Rethinking the Domar Condition and Its Bond Market Application
Naoyuki Yoshino, Akiko Terada-Hagiwara, and Hiroaki Miyamoto 2021-09-14
The authors find that public debt sustainability depends on the sensitivity of interest rates to changes in government bond supply and demand. This is true in the case of the People’s Republic of China, Greece, and Japan. This modified fiscal sustainability condition suggests that the opening of capital markets to nonresident investors is important together with stability of the bond market.
|다음글||Early Childhood Development and Poverty Reduction in the People’s Republic of China||2021-09-14|