Credit Rating in China’s Bond Market: Evidence from Short-Term Financing Bonds
نویسندگان
چکیده
منابع مشابه
Credit Rating in China’s Bond Market: Evidence from Short-Term Financing Bonds
In recent years, the Chinese government has highly emphasized the development of bond market, which plays an important role during the development of macro-economy and finance sector in China, especially on some crucial steps concerning national economy and the people’s livelihood, as well as reforms in banking industry and the financial innovations. However, the bond market is smaller compared...
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This article shows that, contrary to the suggestion of some investment advisers, for an individual Canadian investor subject to personal income taxation, the after-tax yield on a discount bond is always higher than (or, at worst, equal to) the yield on a premium bond. * Of the Department of Economics, University of Alberta, Edmonton. We thank the editors of this journal and two anonymous review...
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ژورنال
عنوان ژورنال: Modern Economy
سال: 2013
ISSN: 2152-7245,2152-7261
DOI: 10.4236/me.2013.42015