Academic Journal
Interest rate liberalization and debt risk in China
| Τίτλος: | Interest rate liberalization and debt risk in China |
|---|---|
| Συγγραφείς: | Song, Yuxuan, Gao, Yan |
| Πηγή: | Вестник Томского государственного университета. Экономика. 2023. № 61. С. 136-151 |
| Στοιχεία εκδότη: | Tomsk State University, 2023. |
| Έτος έκδοσης: | 2023 |
| Θεματικοί όροι: | долговые риски, Китай, управление рисками, 8. Economic growth, 1. No poverty, либерализация, финансовые системы, финансовые реформы, процентные ставки, маркетизация |
| Περιγραφή: | Interest rate liberalization, which will have a multi-impact on the economy in the process of marketization, especially on the macro-debt market, is a requirement to develop the market economy. It is a current important economic topic that the risk control of the macro-debt market is related to the healthy degree of the economic de-velopment after the debt financing leverage turns to assets investment, and the study around these contents should be a cause for concern. As an important component of deepening financial reforms, the effect of interest rate liberalization on owners’ opera-tions and management behavior of a micro-enterprise is prominent; on the other hand, the continuous climbing debt risk of local government will affect the financial deci-sions and implementation effect of enterprises by spillover effect. We made an empir-ical research on the extent of interest rate liberalization in China integrating relevant modes with the statistical data of PBC and our nation. Research on the reform in the Chinese financial market showed that prompting the reform of interest rate liberaliza-tion can obviously increase enterprises’ financing capabilities which will be restrained by the aggravation of the local government’s debt risk, and the significant enhance-ment of it enhances the impetus to enterprises’ financing capabilities from interest rate liberalization. |
| Τύπος εγγράφου: | Article |
| Περιγραφή αρχείου: | application/pdf |
| ISSN: | 2311-3227 1998-8648 |
| DOI: | 10.17223/19988648/61/9 |
| Σύνδεσμος πρόσβασης: | https://vital.lib.tsu.ru/vital/access/manager/Repository/koha:001000277 |
| Αριθμός Καταχώρησης: | edsair.doi.dedup.....97e9b94e5ca2a2cf6d23eaf5a69c3ad2 |
| Βάση Δεδομένων: | OpenAIRE |
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| Items | – Name: Title Label: Title Group: Ti Data: Interest rate liberalization and debt risk in China – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Song%2C+Yuxuan%22">Song, Yuxuan</searchLink><br /><searchLink fieldCode="AR" term="%22Gao%2C+Yan%22">Gao, Yan</searchLink> – Name: TitleSource Label: Source Group: Src Data: Вестник Томского государственного университета. Экономика. 2023. № 61. С. 136-151 – Name: Publisher Label: Publisher Information Group: PubInfo Data: Tomsk State University, 2023. – Name: DatePubCY Label: Publication Year Group: Date Data: 2023 – Name: Subject Label: Subject Terms Group: Su Data: <searchLink fieldCode="DE" term="%22долговые+риски%22">долговые риски</searchLink><br /><searchLink fieldCode="DE" term="%22Китай%22">Китай</searchLink><br /><searchLink fieldCode="DE" term="%22управление+рисками%22">управление рисками</searchLink><br /><searchLink fieldCode="DE" term="%228%2E+Economic+growth%22">8. Economic growth</searchLink><br /><searchLink fieldCode="DE" term="%221%2E+No+poverty%22">1. No poverty</searchLink><br /><searchLink fieldCode="DE" term="%22либерализация%22">либерализация</searchLink><br /><searchLink fieldCode="DE" term="%22финансовые+системы%22">финансовые системы</searchLink><br /><searchLink fieldCode="DE" term="%22финансовые+реформы%22">финансовые реформы</searchLink><br /><searchLink fieldCode="DE" term="%22процентные+ставки%22">процентные ставки</searchLink><br /><searchLink fieldCode="DE" term="%22маркетизация%22">маркетизация</searchLink> – Name: Abstract Label: Description Group: Ab Data: Interest rate liberalization, which will have a multi-impact on the economy in the process of marketization, especially on the macro-debt market, is a requirement to develop the market economy. It is a current important economic topic that the risk control of the macro-debt market is related to the healthy degree of the economic de-velopment after the debt financing leverage turns to assets investment, and the study around these contents should be a cause for concern. As an important component of deepening financial reforms, the effect of interest rate liberalization on owners’ opera-tions and management behavior of a micro-enterprise is prominent; on the other hand, the continuous climbing debt risk of local government will affect the financial deci-sions and implementation effect of enterprises by spillover effect. We made an empir-ical research on the extent of interest rate liberalization in China integrating relevant modes with the statistical data of PBC and our nation. Research on the reform in the Chinese financial market showed that prompting the reform of interest rate liberaliza-tion can obviously increase enterprises’ financing capabilities which will be restrained by the aggravation of the local government’s debt risk, and the significant enhance-ment of it enhances the impetus to enterprises’ financing capabilities from interest rate liberalization. – Name: TypeDocument Label: Document Type Group: TypDoc Data: Article – Name: Format Label: File Description Group: SrcInfo Data: application/pdf – Name: ISSN Label: ISSN Group: ISSN Data: 2311-3227<br />1998-8648 – Name: DOI Label: DOI Group: ID Data: 10.17223/19988648/61/9 – Name: URL Label: Access URL Group: URL Data: <link linkTarget="URL" linkTerm="https://vital.lib.tsu.ru/vital/access/manager/Repository/koha:001000277" linkWindow="_blank">https://vital.lib.tsu.ru/vital/access/manager/Repository/koha:001000277</link> – Name: AN Label: Accession Number Group: ID Data: edsair.doi.dedup.....97e9b94e5ca2a2cf6d23eaf5a69c3ad2 |
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| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.17223/19988648/61/9 Languages: – Text: Undetermined PhysicalDescription: Pagination: PageCount: 16 StartPage: 136 Subjects: – SubjectFull: долговые риски Type: general – SubjectFull: Китай Type: general – SubjectFull: управление рисками Type: general – SubjectFull: 8. Economic growth Type: general – SubjectFull: 1. No poverty Type: general – SubjectFull: либерализация Type: general – SubjectFull: финансовые системы Type: general – SubjectFull: финансовые реформы Type: general – SubjectFull: процентные ставки Type: general – SubjectFull: маркетизация Type: general Titles: – TitleFull: Interest rate liberalization and debt risk in China Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Song, Yuxuan – PersonEntity: Name: NameFull: Gao, Yan IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Type: published Y: 2023 Identifiers: – Type: issn-print Value: 23113227 – Type: issn-print Value: 19988648 – Type: issn-locals Value: edsair – Type: issn-locals Value: edsairFT Titles: – TitleFull: Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika Type: main |
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