Assessing Default Risks for Chinese Firms : A Lost Cause? /

Assessing default risks for Chinese firms is hard. Standard measures of risk using market indicators may be unreliable because of implicit guarantees, the large role played by less-informed investors, and other market imperfections. We test this assertion by estimating stand-alone 1-year default pro...

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Detalles Bibliográficos
Autor Principal: Law, Daniel
Outros autores: Roache, Shaun
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2015.
Series:IMF Working Papers; Working Paper ; No. 2015/140
Acceso en liña:Full text available on IMF