Research on the Changes of China’s Local Government Bond Institution Based on SSP

DOI

10.2991/aebmr.k.200306.023How to use a DOI?

Keywords

local government bonds, institution, SSP paradigm

Abstract

In 2009, China began to implement an administrative control on the institution of the local government bonds. The institution is centered on the central government’s control. From then on, academic communities began to criticize and to study this new institution. Based on Situation-Structure-Performance (SSP) paradigm, the paper tries to analyze the interdependence among local government bond market participantsand the changing direction of local government bonds institution. It believes that different interest groups have different expectations and evaluation on the performance of the local government bonds, which, furthermore, influences institution choices and arrangements. Finally, the paper concludes that the main direction of local government bonds reform is the relaxation of the central government constraint and improvement of related institution.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xie Ping
AU  - Zhang Chunyan
PY  - 2020
DA  - 2020/03/11
TI  - Research on the Changes of China’s Local Government Bond Institution Based on SSP
BT  - Proceedings of the 5th International Conference on Financial Innovation and Economic Development (ICFIED 2020)
PB  - Atlantis Press
SP  - 131
EP  - 135
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200306.023
DO  - 10.2991/aebmr.k.200306.023
ID  - Ping2020
ER  -