【摘要】 我国地方政府债务主要集中于市县两级政府,长期以来,针对市级政府债务问题的研究相对较少。本文利用改进后的KMV模型对珠江三角洲9个市级政府在不同违约概率下的债务承受能力进行了测算,得出市级政府在短期及中期内可承受的到期债务规模。最后结合市级政府债务现状提出了相关的政策建议。更多还原

【Abstract】 Chinese local government debt is mainly concentrated in the city and county two levels of government, for a long time, there are few researchon municipal government debt.In this paper, the improved KMV model of Pearl River delta 9 municipal government under different default probability of debt capacity estimates that municipal government in the short and medium term can withstand the maturity of the debt scale. Finally, the relevant policy recommendations are put forward based on the current situation of municipal government debt.更多还原