543
Views
9
CrossRef citations to date
0
Altmetric
Regular Articles

Will Political Connections Be Accounted for in the Interest Rates of Chinese Urban Development Investment Bonds?

&

References

  • Afonso, A.; M.G. Arghyrou; G. Bagdatoglou; and A. Kontonikas. 2015. “On the Time-Varying Relationship Between EMU Sovereign Spreads and Their Determinants.” Economic Modelling 44: 363–371.
  • Arellano, C. 2008. “Default Risk and Income Fluctuations in Emerging Economies.” American Economic Review 98, no. 3: 690–712.
  • Arellano, C., and A. Ramanarayanan. 2012. “Default and the Maturity Structure in Sovereign Bonds.” Journal of Political Economics 120, no. 2: 187–232.
  • Asonuma, T. 2012. “Serial Default and Debt Renegotiation.” MPRA Paper no.55139, Munich University Library, Munich.
  • Bonilla, C.A.; H. Contreras; and J.P. Sepúlveda. 2014. “Financial Markets and Politics: The Piñera Effect on the Chilean Capital Market.” Emerging Markets Finance & Trade 50, supp. 1: 121–133.
  • Butler, A.W., and L. Fauver. 2006. “Institutional Environment and Sovereign Credit Ratings.” Financial Management 35, no. 3: 53–79.
  • Butler, A.W.; L. Fauver; and S. Mortal. 2009. “Corruption, Political Connections, and Municipal Finance.” Review of Financial Studies 22, no. 7: 2873–2905.
  • Campbell, J., and G. Taksler. 2003. “Equity Volatility and Corporate Bond Yields.” Journal of Finance 58, no. 6: 2321–2350.
  • Chen, L.; D.A. Lesmond; and J. Wei. 2007. “Corporate Yield Spreads and Bond Liquidity.” Journal of Finance 62, no. 1: 119–149.
  • Chun, O.M.; G. Dionne; and P. Francois. 2014. “Credit Spread Changes Within Switching Regimes.” Journal of Banking and Finance 49, no. 41: 41–55.
  • Clare, G., and I.N. Gang. 2010. “Exchange Rate and Political Risks Again.” Emerging Markets Finance & Trade 46, no. 3: 46–58.
  • Collin-Dufresne, P.; R.S. Goldstein; and J.S. Martin. 2001. “The Determinants of Credit Spread Changes.” Journal of Finance 56, no. 6: 2177–2207.
  • Costantini, M.; M. Fragetta; and G. Melina. 2014. “Determinants of Sovereign Bond Yield Spreads in the EMU: An Optimal Currency Area Perspective.” European Economic Review 70: 337–349.
  • Eichler, S. 2014. “The Political Determinants of Sovereign Bond Yield Spreads.” Journal of International Money and Finance 46: 82–103.
  • Helwege, J., and C. Turner. 1999. “The Slope of the Credit Yield Curve for Speculative-Grade Issuers.” Journal of Finance 54, no. 5: 1869–1884.
  • Jankowitsch, R.; F. Nagler; and M.G. Subrahmanyam. 2014. “The Determinants of Recovery Rates in the U.S. Corporate Bond Market.” Journal of Financial Economics 114, no. 1: 155–177.
  • Khwaja, A.I., and A. Mian. 2005. “Do Lenders Favor Politically Connected Firms? Rent Provision in an Emerging Financial Market.” Quarterly Journal of Economics 1204, no. 4: 1371–1411.
  • Li, Z.P. 2013. “Research of Credit Risk on the City Investment Bonds: Based on the Credit Rating Model.” Dissertation, Shandong University, Shandong, China.
  • Maltritz, D. 2012. “Determinants of Sovereign Yield Spreads in the Eurozone: A Bayesian Approach.” Journal of International Money and Finance 31: 657–672.
  • Maltritz, D., and A. Molchanov. 2013. “Analyzing Determinants of Bond Yield Spreads with Bayesian Model Averaging.” Journal of Banking and Finance 37: 5275–5284.
  • National Bureau of Statistics of the People’s Republic of China. 2014. China Statistical Yearbook. Beijing, China: China Statistics Press. http://www.stats.gov.cn/tjsj/ndsj/2014/indexch.htm
  • Peyton, K., and A.R. Belasen. 2012. “Corruption in Emerging and Developing Economies: Evidence from a Pooled Cross-Section.” Emerging Markets Finance & Trade 48, no. 2: 29–43.
  • Shao, Y.J. 2014. “Research on Historical Reasons and Formal Development of Chinese Urban Development Investment Bonds.” New Finance (China) 1: 20–25.
  • Siklos, P.L. 2011. “Emerging Market Yield Spreads: Domestic, External Determinants, and Volatility Spillovers.” Global Finance Journal 22: 83–100.
  • World Bank. 2009. “The Urban Development Investment Corporations (UDICs) in Chongqing, China.” Technical Assistance Report, Word Bank, Washington, DC.
  • Yue, V. Z. 2010. “Sovereign Default and Debt Renegotiation.” Journal of International Economics 80, no. 2: 176–187.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.