以企业债券为基础发展地方政府债券的对策的研究.pdf

ABSTRACT Local bondisthebond government whichiSissuedlocal by government basedonthecredi t ofthelocal Chi ofthe government．Inna。because restrictionof iS law，localgovernmentnot toissuebondor permitted provide fordebt．WiththiS guarantee restriction，localhas government nochoicebutto for get infrastructureconstruction money manners through that arei1 andinformal．These legal debtshave volumesand huge increase iS central rapidly．Whatmore，the hasnoclear about government picture thesedebtsbutithas whenthereare responsibility debtsunderdefault． Underthefiscal decentral solvethiS ization，to problem，central should local withthe toissue governmentempowergovernments bonds． right has However，thiS much to because right difficultyempower ofthe centralizationinChina．The political authorinthis that papersuggests can local centra?government bondmarketbasedonthe d