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Implicit guarantee expectations and regional financial risks: a counterfactual estimation perspective based on municipal bonds

Published Online: 2025-03-28

Published Print: 2025-04

Authors

Zhang, Qingjun https://orcid.org/0000-0001-9555-5276
Zhao, Zhishang

Fan, Sijia
Funding

Funding for this research was provided by:

Humanities and Social Sciences Project of the Ministry of Education (24YJA790088)
License Information

Text and Data Mining valid from 2025-03-28

Version of Record valid from 2025-03-28
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Article History

Received: 31 August 2024

Accepted: 7 March 2025

First Online: 28 March 2025

Declarations

:

: We declare that we have no conflict of interest.

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