第一部分,国债信用风险成因分析。
The first part is about analysis on formation causes of national debt credit risk.
对国债信用风险的研究是一个十分有意义的课题,它将唤醒人们对潜在的国家信用风险的重视。
It is a senseful study on the credit risk management of the national bond. It will catch the attention of people to the potential national credit risk.
但是大额的联合债券发行即使对信用风险很低的国家也有益,因为这种债券在流通性上足可匹敌美国国债市场。
But a large collective bond issue could have benefits even for countries with low credit risk, as it would rival America's Treasuries market for liquidity.
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