The theory of sovereign default and China under the Nanking Nationalist Government, 1928-1937
Peng, Handa. ; "August 2011." ; Thesis (M.Phil.)--Chinese University of Hong Kong, 2011. ; Includes bibliographical references (p. 81-83). ; Abstracts in English and Chinese. ; Abstract --- p.1 ; 摘要 --- p.2 ; Acknowledgements --- p.3 ; Introduction --- p.6 ; Chapter Section I --- Literature Review --- p.11 ; Theories on Sovereign Default --- p.11 ; Historical Case Studies on Sovereign Default --- p.15 ; Brief Summary on the Existing Theories and Empirical Cases --- p.16 ; Chapter Section II --- Historical Backgrounds --- p.21 ; Political Instability and Military Expenditures --- p.21 ; Fiscal Status during the rule of the Nanking Government --- p.22 ; Silver Standard and Currency Reform in 1935 --- p.26 ; Chapter Section III --- Sovereign Default and Restructuring Episodes of the Nanking Government --- p.29 ; Data --- p.29 ; Sovereign Debt as a Heritage --- p.30 ; Background Information of the Debts --- p.34 ; The Restructuring Episode --- p.37 ; Market Reactions --- p.42 ; Chapter Section IV --- Capital Market Access and Reputational Theories in the Restructuring Episode --- p.45 ; Access to the International Capital Market --- p.45 ; Relevance of the Traditional Reputational Model --- p.48 ; Signaling Model and Role of Reputation --- p.51 ; Chapter Section V --- Role of Sanctions in the Restructuring Episode --- p.57 ; Analytical Framework of the Sanctions Model --- p.57 ; Three Possible Channels of Direct Sanctions --- p.60 ; Chapter Section VI --- Informational Explanation of the Restructuring Episode --- p.64 ; A Practical Analytical Framework for the Informational Model --- p.64 ; Issue of Credibility and Currency Reform --- p.66 ; The Need for the Settlement of Old Debts --- p.68 ; Outcomes --- p.73 ; Summary --- p.77 ; Conclusion --- p.79 ; References --- p.81 ; Chapter Appendix I --- Basic information on Chinese sovereign bonds traded in the London Stock Exchange --- p.84 ; Chapter Appendix II --- Price of Chinese Sovereign Bonds traded in the London Stock Exchange --- p.86 ; Chapter Appendix III --- ...
