The Audit Research of Local Government Debt Replacement
Author(s): Sheng Ge, Hua Liu and Xuejie HaSheng Ge, Hua Liu and Xuejie Ha
The successful implementation of local government debt replacement is of great significance and the solution to the problem of local government debt in China. However, local government debt replacement poses characteristics of fiscal risks financially. These risks will not only affect the implementation effect of local debt replacement, but will further influence the security and stability of our financial system. In this paper, based on the risk of local government debt replacement, evolutionary game theory is used as the analysis tool together with an evolutionary game model to build the local government debt management audit. The paper analyzes the evolution stability of the main strategies of both the local government and the commercial banks. Through a "scene-response" concept derived from the computational experiment method, the computational experiment method is used .. Read More»
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Jan 01, 1970
Accepted Date: Jan 01, 1970
Published Date: Jan 01, 1970