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The dual effect of upper-level government implicit guarantees on subordinate municipal corporate bond credit risk: An empirical analysis. (2025). Zhang, Ruifeng ; Ji, Xiaoqing ; Cao, Xiao ; Li, Yuhang ; Gu, Runsheng.
In: Pacific-Basin Finance Journal.
RePEc:eee:pacfin:v:91:y:2025:i:c:s0927538x25000964.

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