地方政府债券

传统的做法是将地方政府债券收益率当作无风险回报率，其beta值为零。

The convention is to use the yield on local government debt as the risk-free rate , which has a beta of zero .

城市建设中地方政府债券融资模式研究

Research on Bond Financing Pattern of Local Government in Urban Construction

建立和发展西部地方政府债券市场问题研究

Study on Establishing and Developing Local Government Bond Market in Western China

从美日经验看地方政府债券制度

Local Government Bonds In View of American and Japanese Experiences

我国地方政府债券融资的理论思考

Theoretical Reflections on Local Government Bond Financing in China

并确定2009年地方政府债券发行规模为2000亿元。

And local government bonds issued by 2009 scale for 2000 billion yuan .

由此可见，地方政府债券在我国目前仍没有得到基本的法律支持。

So local government bond in our country has not got law support .

吉林省应对地方政府债券发行及管理体制转变的对策

Countermeasures of Jilin Province on Local Treasury Bonds Issuance and Management System Transformation

对发行地方政府债券的思考

Speculations on Issuing Municipal Government 's Bonds

此外，不超过30%的资金还可以投资于地方政府债券和公司债券。

Up to30 percent of assets could also be invested in sub-sovereign and corporate bonds .

外国购买的以欧元计价地方政府债券的任何净增长，其影响力必然远远超出短期融资的范畴。

Any net increase in foreign purchases of euro-denominated local government bonds has an impact far beyond short-term funding .

地方政府债券指地方政府发行的以地方政府信用为基础的债券。

Local government bond is the bond which is issued by local government based on the credit of the local government .

首先，通过实证分析并验证，准地方政府债券在进行担保后，其违约概率下降了。

First , through empirical analysis and verification , the quasi-local government bonds during the guarantee , the probability of default dropped .

第五章，介绍了不同政体的两个发达国家，美国和日本的地方政府债券市场。

Chapter 5 . it also introduces the Local Treasury bond of two developed countries with different polity : USA and Japan .

对于能进入大陆债券市场交易的投资者而言，地方政府债券的回报率可高达15%。

For investors with access to the mainland bond market , returns on local government bonds are as high as 15 per cent .

本文基于对地方政府债券发行的现实需要和可行性方面进行分析，提出地方政府债券的设计模式。

Based on the actual needs and feasibility of issuing local government bond , this article proposes modes to design local government bond .

我国债券市场严重落后西方发达资本市场，在发达的资本主义市场制度下，地方政府债券和公司债券是债券市场的重要组成部分，债券市场又是金融市场的重要组成部分。

Ours bond market is seriously lagging behind the developed capital market . Municipal bond is an important part of the financial market .

但是地方政府债券的发行刚刚起步，与其相适应的配套制度和规则还不健全。

But the issuing of the local government bonds is in its infancy at the present , its supporting system and regulation is not perfect .

不同政体国家在地方政府债券发行和管理上的经验对我国有很大的启示，非常值得我们借鉴和学习。

It is great worth to learn different countries in the form of government bond issuance and management of local government experience on the inspiration .

发行地方政府债券可以解决日益严重的地方政府财政困境，促进地区经济的可持续发展。

Issue of local government bonds can solve the increasingly serious financially difficult position of local governments and promote the sustainable development of regional economy .

本文还从偿债基金机制和保险机制以及制度保障来提出进一步提升地方政府债券的偿付能力的建议。

This article further enhances the solvency of local treasury bonds from the sinking fund mechanism and insurance mechanisms , as well as an institutional guarantee .

中央代发地方政府债券的理论分析与实践探讨&以2009年地方政府债券为例

The Theoretical Analysis and Practical Discussion on the Local Government Bond Issuing by the Central Authority & An Example of the Local Authority Bond in 2009

随着我国准地方政府债券的蓬勃发展，越来越多的信用增级方式被应用到准地方政府债券发行上。

With the quasi-local government bonds in China is booming , more and more the way of credit enhancement is applied to the quasi-local government bonds issued .

他预计，地方政府债券将受到投资者的欢迎，并将填补资金缺口，使中央政府能够实现其建设目标。

He predicted that the local government bonds will be well received by investors and will plug the funding gap , allowing Beijing to meet its construction target .

本文通过对发行地方政府债券的分析，积极探索我国发行地方政府债券的可行对策。

On the basis of the analysis of issuing municipal government 's bonds , the article is trying to explore the feasible solutions to the issue in China .

在我国，通过发行地方政府债券，不仅能够有效地规范地方政府融资渠道，而且能够降低地方政府的财政风险。

By the issuance of the Local Treasury bond , it not only can undertake urban infrastructure construction financing effectively , but also solve the local government debt problem .

建立地方政府债券制度是一项系统和复杂的工程，还要完善相关配套措施，例如完善相关法律法规体系、加强硬预算约束、推进分税制改革等。

Establishing such a system is complicated and systematic , some supporting measures are also needed . Such as perfecting laws , enhancing hard budget constraints , improving fiscal system .

在西方经济发达国家地方政府债券已经有着几十年的历史，地方政府发行公债是分级财政体制下，政府融资的常用手段。

In developed western countries , government bonds has a history of several decades . Government issuing bonds is a common means for government financing under the classified fiscal system .

第四章，以河北省为例，对发行地方政府债券进行了必要性和可行性分析。

Chapter 4 . the dissertation take Hebei province as an example , it carries out the analysis on the issue of the necessity and feasibility of the Local Treasury bonds .

本文以实证分析和规范分析相结合的方法为主，同时采用比较分析法、统计分析法，对当前我国地方政府债券的发行进行了研究。

This thesis mainly adopts the methods of empirical analysis and normative analysis with the combination of a comparative analysis as well as statistical analysis to study the issuing of current local government bonds in China .