Public debt stability in the People Republic of China rethinking the domar condition and its bond market application.

The authors find that public debt sustainability depends on the sensitivity of interest rates to changes in government bond supply and demand. This is true in the case of the People Republic of China, Greece, and Japan. This modified fiscal sustainability condition suggests that the opening of capit...

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Bibliographic Details
Main Authors:	Yoshino, Naoyuki (Author), Terada-Hagiwara, Akiko (Author), Miyamoto, Hiroaki (Author)
Other Authors:	Pratap, Mayank (uathor.)
Format:	Electronic Resource
Language:	English
Published:	Manila,Philippines Asian Development Bank 2021
Series:	East Asia working papers.
Subjects:	Finance, Public. Finance > Government policy > China. Shipping > Economic aspects > India. Electronic book.
Online Access:	https://www.adb.org/publications/public-debt-stability-peoples-republic-china