w88 casino News Network (International Economics and w88Contributed by the Academy）2023April 25,International Economics and w88The college is in the Honesty Building三Floor International Conference Hall held the first25 lecture series on subject development. The invited guest this time is Professor Fan Ziying, Dean of the w88 casino of Public Economics and Management at Shanghai University of Finance and Economics. This lecture is given byInternational Economics and w88CollegeVice Dean Professor Mao Jie hosted the lecture. Nearly two hundred teachers and students from the w88 casino attended this lecture.
Fan ZiyingThe professor is nowProfessor, Dean, Doctoral Supervisor, w88 casino of Public Economics and Management, Shanghai University of Finance and Economics, Ministry of EducationDistinguished Professor of the “National Talent Project”, his research fields are public finance and development economics. His main research field is fiscal and taxation theory and policy. He has published more than 70 academic papers in authoritative domestic and foreign journals such as American Economic Review, Chinese Social Sciences, Economic Research, Management World, and Economics (Quarterly). His research results have won many scientific research awards from the Ministry of Education and Shanghai. He has presided over more than 30 major national social science bidding projects, National Natural Science Foundation projects, national key research and development plans, and more than 30 scientific research projects by the Ministry of Education, the Ministry of Finance and Shanghai.In this lecture, titled "Credit Distortion and Risk Deviation of Local Debt: Research Based on Special Bonds", Professor Fan Ziying introduced the potential risks and improvement ideas of the local government special bond issuance system.
Professor Fan Ziying’s researchDiscovered, special debtProvincial GovernmentAlthough the "issue and repay on behalf of others" model is conducive to controlling average risks, it requires the credit endorsement of the provincial governmentEasyCauseCredit Distortion，CauseMarket investment entitiesNot easyRisk of borrowing from municipal and county local governmentsProceedScreening.Professor Fan ZiyingBy Teardown76939 project data corresponding to 4193 new special bonds from 2017 to 2021, based on the same prefecture-level cityIssue9370_9486Professor Fan ZiyingAlso found，In order to reduce financing costs, provincial governments strategically combine projects in different regions,This will increaseSpecial bond market pricing mechanism's twist。Professor Fan Ziying’s researchFor the first time, the systemic risks of the special bond issuance system are revealed. In order to improve the allocation efficiency of special bond funds,PreventionSpecial bond debt risk providedIdeas。
At the end of the lecture, Professor Fan Ziying had an in-depth exchange with the participating teachers and students on issues such as the repayment capacity of local government special debts. Vice Dean Mao Jie hopes that students attending the lecture can gain a deeper understanding of the research process of modern economics through Professor Fan Ziying's introduction, and strengthen their reading to enhance their academic interests.
