摘要
在区域经济发展较差的情况下,政府隐性担保对债券利率的影响较小。在投资获得回报不理想的情况下,政府隐性担保对投资者不再具有吸引力。因此,投资者会在分析债券违约风险等级的过程中,督促债券企业减少融资资本。在区域经济发展良好的情况下,政府隐性担保将重新被信任,也具有降低债券利率的作用。
In the case of poor regional economic development,implicit government guarantees have less impact on bond interest rates.In the case of unsatisfactory returns on investment,implicit government guarantees are no longer attractive to investors.Therefore,investors will urge bond companies to reduce their financing capital in the process of analyzing bond default risk levels.In the case of good regional economic development,implicit government guarantees will be trusted again,which also has the effect of reducing bond interest rates.
作者
吴佳
WU Jia(Tianjin South Branch of Agricultural Bank of China,Tianjin 300100,China)
出处
《经济研究导刊》
2021年第12期47-49,共3页
Economic Research Guide
关键词
隐性担保
债务违约
债券利率
implicit guarantee
debt default
bond interest rate
