scholarly journals Local Government Debt Credit risk and Safe Debt Scale Based on the KMV Model

2014 ◽  
Vol 8 (1) ◽  
pp. 1261-1265
Author(s):  
Daijun Zhang ◽  
Huiling He
Keyword(s):  
Local Government ◽  
Credit Risk ◽  
Government Debt ◽  
Kmv Model

scholarly journals Risk Assessment of Local Government Debt based on KMV Model: A Case Study of Hangzhou, Zhejiang Province

2021 ◽  
Vol 3 (6) ◽  
pp. 175-181
Author(s):  
Shenghua Zhu
Keyword(s):  
Risk Assessment ◽  
Local Government ◽  
Government Debt ◽  
Zhejiang Province ◽  
Default Probability ◽  
Kmv Model

The present government debt governance focuses on calculating, preventing, and controlling local government debt risk. The default probability of local government debt in Hangzhou, Zhejiang Province, is calculated using a modified “Kealhofer, McQuown, and Vasicek” (KMV) model. The findings reveal that Hangzhou’s debt risk in the next three years is usually manageable, but that debt risk will progressively emerge in the coming years when the debt payback cycle begins.  

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