If local government get involved in negotiation between banks, the function of decentralized finance to harden budget constraint will be weakened and the bank will incline to take excessive risk.

 
  • 地方政府作為行為主體介入銀行再融資的談判,使分散信貸硬化預算約束的作用降低,銀行的行為更加傾向于承擔過(guò)度的風(fēng)險;
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