隐性负债

政府隐性负债分析

Analysis on Government Implicit Liabilities

尽管农村合作基金会作为一种非正规金融组织从形式上已经消失，但随着时间的推移，由此而引发的地方政府或有隐性负债及财政风险问题却愈加突出。

Although the Rural Cooperative Fund Associations have disappeared as an abnormal kind of financial organizations , problems of contingent implicit liabilities and finance risks in China 's local governments have become more serious .

市政债券为隐性负债的显性化提供了重要保障。

Municipal bonds provides important guarantee to recessive debts dominance .

县域政府负债不仅包括显性负债，还包括了隐性负债。

The government debt includes explicit and tacit debt .

地方政府或有隐性负债问题研究&以农村合作基金会为例

Implicit Contingent Liabilities in China 's Local Governments & A Case Study on the Rural Cooperative Fund Associations

专用性投资是偿还隐性负债的基础，在公司具备相当盈利能力的前提下，专用性投资与股利支付水平应具有负相关关系。

Specific investments are the foundation of paying for implicit liability and it should be negative to dividend payout if corporate has strong profitability .

这些隐性负债来源广、领域宽，只有积累到一定程度，发生财政危机、政府信任危机时，人们才能直接感觉它的危害性。

The harm of the tacit debt can be directly felt only when it accumulates to some extent and fiscal and government trust crisis occurs .

三是基金积累不足，隐性负债巨大，面临支付危机。

At last it is shortage to accumulate the fund , but the latent debt amount is immense large and results in the crisis of payment .

当前，中国应继续完善试点，积级探索做实个人帐户的有效方式，着力解决个人帐户的隐性负债问题。

At present , China should keep on making the pilot project perfect , actively search for the efficient way of refilling the individual account and solve the problem of implicated debt of individual account .

论文首先介绍了中国及河北省目前的养老保险制度及运行状况，接着建立了测算2005年河北省基本养老保险隐性负债的数学模型。

First of all , this paper introduces the working state of the present Basic old-age pension system and models the actuarial models , which could estimate the implicit debt in 2005 about Hebei province .

分析了我国公共隐性负债的内容构成，借鉴国外经验，提出了对我国社会保障义务进行会计核算和报告的具体建议。

This dissertation analyzes the content of Chinese public implicit liability , refers to the experience abroad , and advances the concrete suggestions about the accounting and reporting methods to Chinese social security obligations . 5 .

MBO后上市公司一般具有显性或隐性的高负债率。

The MBO listed corporations often have a high rate of liability , apparently or recessively .

更为聪明的做法是，欧洲央行（或者任何其他机构）去尝试量化这些隐性的资产负债匹配变化带来的冲击。

Better still , it would be canny for the ECB or anyone else to try to quantify the impact of these hidden ALM shifts .

时间赎买策略的本质是一种财政机会主义的行为，政府在转型初期财政能力弱化的约束下，以大最积累隐性、或有负债的形式来尽量推延财政支付的时限。

The nature of time buying strategy is a kind of fiscal opportunism behavior . Under the constraint of fiscal strength weakening , the government inclined to accumulate excessive implicit and contingent liabilities in order to put off the timing of fiscal payment .