Browsing Institutt for samfunnsøkonomi by Author "Wu, Xiaohui"
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Local guarantees and SOE bond pricing in China
Wang, Yabin; Wu, Xiaohui (Peer reviewed; Journal article, 2023)We study the changing landscape of credit market guarantees by examining the risk-pricing of the Chinese state-owned enterprise (SOE) bonds, which have experienced rising defaults across provinces from a zero record. Using ...