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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| 格式: | 雜誌 |
| 語言: | English |
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Washington, D.C. :
International Monetary Fund,
2015.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 2015/140 |
| 在線閱讀: | Full text available on IMF |