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.  

Sustainability of local government debt: a case study of Austrian municipalities

Empirica ◽  
2014 ◽  
Vol 42 (3) ◽  
pp. 521-546 ◽  
Author(s):  
Johann Bröthaler ◽  
Michael Getzner ◽  
Gottfried Haber
Keyword(s):  
Local Government ◽  
Government Debt

scholarly journals Risk Assessment of Government Debt Based on Machine Learning Algorithm

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Dan Chen
Keyword(s):  
Machine Learning ◽  
Risk Assessment ◽  
Local Government ◽  
Learning Algorithm ◽  
Government Debt ◽  
Entropy Method ◽  
Assessment System ◽  
Machine Learning Algorithm ◽  
Fiscal Revenue ◽  
The Government

Government debt risk is an important factor affecting macroeconomic stability and public expectation. The key to its prevention and control lies in early warning and early prevention. This paper builds an effective government debt risk assessment system based on machine learning algorithm. According to forming the performance of local government debt risk and its internal and external influencing factors, this study applies the analytic hierarchy process, entropy method, and BP neural network method to construct the local government risk assessment index system, which includes the primary and secondary indexes including the explicit debt risk, the contingent implicit debt risk, and the financial and economic operation risk. Using this system, this study carries on the government debt risk comprehensive weight assignment, the fiscal revenue forecast, the default probability calculation, the safety scale forecast, and finally the government debt risk assessment of the validity analysis. The system can provide signal guidance and policy reference for finance to cope with risks in advance, arrange the priority order of debt repayment, optimize the structure of fiscal revenue and expenditure, etc.

Analysis of geodetic and legal documentation in the process of expropriation for roads. Krakow case study

2013 ◽  
Vol 62 (1) ◽  
pp. 67-84
Author(s):  
Anna Trembecka
Keyword(s):  
Local Government ◽  
Legal Status ◽  
The State ◽  
Property Value ◽  
Real Property ◽  
Construction Design ◽  
Special Rules ◽  
The City

Abstract Amendment to the Act on special rules of preparation and implementation of investment in public roads resulted in an accelerated mode of acquisition of land for the development of roads. The decision to authorize the execution of road investment issued on its basis has several effects, i.e. determines the location of a road, approves surveying division, approves construction design and also results in acquisition of a real property by virtue of law by the State Treasury or local government unit, among others. The conducted study revealed that over 3 years, in this mode, the city of Krakow has acquired 31 hectares of land intended for the implementation of road investments. Compensation is determined in separate proceedings based on an appraisal study estimating property value, often at a distant time after the loss of land by the owner. One reason for the lengthy compensation proceedings is challenging the proposed amount of compensation, unregulated legal status of the property as well as imprecise legislation. It is important to properly develop geodetic and legal documentation which accompanies the application for issuance of the decision and is also used in compensation proceedings.

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