Jiahe Zheng
Biographic Data
| ID | 4416478 |
|---|---|
| NAME | Jiahe Zheng |
| GIVEN NAMES | Jiahe |
| FAMILY NAME | Zheng |
| SIGNATURE | ZHENG J |
| AFFILIATIONS | Fudan University |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2024 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 0 |
The price of implicit guarantee
In China, local government financing vehicles (LGFVs) have grown rapidly since the massive stimulus package in 2008. Due to the significant amount of funds allocated to public welfare infrastructure projects, an ‘implicit guarantee’ of debt repayment by local governments has emerged. This paper examines whether and how investors price this implicit guarantee, using a mixed cross-sectional fixed effects model, a generalized DID model, and placebo …
No prominent works on this page.
The price of implicit guarantee
In China, local government financing vehicles (LGFVs) have grown rapidly since the massive stimulus package in 2008. Due to the significant amount of funds allocated to public welfare infrastructure projects, an ‘implicit guarantee’ of debt repayment by local governments has emerged. This paper examines whether and how investors price this implicit guarantee, using a mixed cross-sectional fixed effects model, a generalized DID model, and placebo …
Banking stability, regulation, efficiency (1 work) · Bond (1 work) · Business (1 work) · China (1 work) · Credit Risk and Financial Regulations (1 work) · Economics (1 work) · Finance (1 work) · Geography (1 work) · Housing Market and Economics (1 work)