{"id":"https://openalex.org/W2205834278","doi":"https://doi.org/10.1080/00036846.2015.1068924","title":"Loan price modelling for local governments using risk premium analysis","display_name":"Loan price modelling for local governments using risk premium analysis","publication_year":2015,"publication_date":"2015-07-25","ids":{"openalex":"https://openalex.org/W2205834278","doi":"https://doi.org/10.1080/00036846.2015.1068924","mag":"2205834278"},"language":"en","primary_location":{"id":"doi:10.1080/00036846.2015.1068924","doi":"https://doi.org/10.1080/00036846.2015.1068924","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036846.2015.1068924","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://digibug.ugr.es/bitstream/10481/89524/1/2015%20%2847-58%29%20-%20Applied%20Economics.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103112910","display_name":"Andr\u00e9s Navarro Galera","orcid":"https://orcid.org/0000-0001-8008-4934","observed_orcids":["https://orcid.org/0000-0001-8008-4934"]},"institutions":[{"id":"https://openalex.org/I173304897","display_name":"Universidad de Granada","ror":"https://ror.org/04njjy449","country_code":"ES","type":"education","lineage":["https://openalex.org/I173304897"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Andr\u00e9s Navarro-Galera","raw_affiliation_strings":["Department of Accounting and Finance, University of Granada, Granada, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, University of Granada, Granada, Spain","institution_ids":["https://openalex.org/I173304897"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5037620875","display_name":"Salvador Rayo Cant\u00f3n","orcid":"https://orcid.org/0000-0002-9656-0445","observed_orcids":["https://orcid.org/0000-0002-9656-0445"]},"institutions":[{"id":"https://openalex.org/I173304897","display_name":"Universidad de Granada","ror":"https://ror.org/04njjy449","country_code":"ES","type":"education","lineage":["https://openalex.org/I173304897"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Salvador Rayo-Cant\u00f3n","raw_affiliation_strings":["Department of Accounting and Finance, University of Granada, Granada, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, University of Granada, Granada, Spain","institution_ids":["https://openalex.org/I173304897"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5040809118","display_name":"Juan Lara\u2010Rubio","orcid":"https://orcid.org/0000-0001-7703-5920","observed_orcids":["https://orcid.org/0000-0001-7703-5920"]},"institutions":[{"id":"https://openalex.org/I173304897","display_name":"Universidad de Granada","ror":"https://ror.org/04njjy449","country_code":"ES","type":"education","lineage":["https://openalex.org/I173304897"]}],"countries":["ES"],"is_corresponding":true,"raw_author_name":"Juan Lara-Rubio","raw_affiliation_strings":["Department of Accounting and Finance, University of Granada, Granada, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, University of Granada, Granada, Spain","institution_ids":["https://openalex.org/I173304897"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5005394964","display_name":"Dionisio Buend\u00eda Carrillo","orcid":"https://orcid.org/0000-0002-8091-6443","observed_orcids":["https://orcid.org/0000-0002-8091-6443"]},"institutions":[{"id":"https://openalex.org/I173304897","display_name":"Universidad de Granada","ror":"https://ror.org/04njjy449","country_code":"ES","type":"education","lineage":["https://openalex.org/I173304897"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Dionisio Buend\u00eda-Carrillo","raw_affiliation_strings":["Department of Accounting and Finance, University of Granada, Granada, Spain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, University of Granada, Granada, Spain","institution_ids":["https://openalex.org/I173304897"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5040809118"],"corresponding_institution_ids":["https://openalex.org/I173304897"],"apc_list":null,"apc_paid":null,"fwci":4.4673,"has_fulltext":true,"cited_by_count":25,"citation_normalized_percentile":{"value":0.94434869,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"47","issue":"58","first_page":"6257","last_page":"6276"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9839000105857849,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9839000105857849,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11461","display_name":"Local Government Finance and Decentralization","score":0.013100000098347664,"subfield":{"id":"https://openalex.org/subfields/3320","display_name":"Political Science and International Relations"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11621","display_name":"Fiscal Policies and Political Economy","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/municipal-borrowing","display_name":"municipal borrowing","score":0.9020000100135803},{"id":"https://openalex.org/keywords/credit-risk-premium","display_name":"credit risk premium","score":0.9369999766349792},{"id":"https://openalex.org/keywords/basel-ii","display_name":"Basel II","score":0.7730000019073486},{"id":"https://openalex.org/keywords/bank-lending","display_name":"bank lending","score":0.6589999794960022},{"id":"https://openalex.org/keywords/fiscal-sustainability","display_name":"fiscal sustainability","score":0.8669999837875366},{"id":"https://openalex.org/keywords/financial-modeling","display_name":"financial modeling","score":0.6169999837875366}],"concepts":[{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.7431352138519287},{"id":"https://openalex.org/C162078301","wikidata":"https://www.wikidata.org/wiki/Q250058","display_name":"Accounts payable","level":3,"score":0.7070988416671753},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.702789843082428},{"id":"https://openalex.org/C2777764128","wikidata":"https://www.wikidata.org/wiki/Q189539","display_name":"Loan","level":2,"score":0.7022112607955933},{"id":"https://openalex.org/C198082294","wikidata":"https://www.wikidata.org/wiki/Q3399648","display_name":"Position (finance)","level":2,"score":0.5399207472801208},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.48673418164253235},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.4637008607387543},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.4115898013114929},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.34090185165405273},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.32189470529556274}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/00036846.2015.1068924","doi":"https://doi.org/10.1080/00036846.2015.1068924","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036846.2015.1068924","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},{"id":"pmh:oai:digibug.ugr.es:10481/89524","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10481/89524","pdf_url":"https://digibug.ugr.es/bitstream/10481/89524/1/2015%20%2847-58%29%20-%20Applied%20Economics.pdf","source":{"id":"https://openalex.org/S4306400567","display_name":"Institutional Repository of the University of Granada (University of Granada)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I173304897","host_organization_name":"Universidad de Granada","host_organization_lineage":["https://openalex.org/I173304897"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:RePEc:taf:applec:v:47:y:2015:i:58:p:6257-6276","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/00036846.2015.1068924","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:digibug.ugr.es:10481/89524","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10481/89524","pdf_url":"https://digibug.ugr.es/bitstream/10481/89524/1/2015%20%2847-58%29%20-%20Applied%20Economics.pdf","source":{"id":"https://openalex.org/S4306400567","display_name":"Institutional Repository of the University of Granada (University of Granada)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I173304897","host_organization_name":"Universidad de Granada","host_organization_lineage":["https://openalex.org/I173304897"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G4359859856","display_name":null,"funder_award_id":"ECO2010-20522-ECON","funder_id":"https://openalex.org/F4320322930","funder_display_name":"Ministerio de Ciencia e Innovaci\u00f3n"},{"id":"https://openalex.org/G5505043949","display_name":null,"funder_award_id":"ECO2010-20522","funder_id":"https://openalex.org/F4320322930","funder_display_name":"Ministerio de Ciencia e Innovaci\u00f3n"},{"id":"https://openalex.org/G8534323742","display_name":null,"funder_award_id":"ECO2010-17463","funder_id":"https://openalex.org/F4320322930","funder_display_name":"Ministerio de Ciencia e Innovaci\u00f3n"}],"funders":[{"id":"https://openalex.org/F4320322930","display_name":"Ministerio de Ciencia e Innovaci\u00f3n","ror":null}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2205834278.pdf","grobid_xml":"https://content.openalex.org/works/W2205834278.grobid-xml"},"referenced_works_count":52,"referenced_works":["https://openalex.org/W123430343","https://openalex.org/W1684019810","https://openalex.org/W1964373387","https://openalex.org/W1972487119","https://openalex.org/W1976906886","https://openalex.org/W1978145630","https://openalex.org/W1978797529","https://openalex.org/W1983798603","https://openalex.org/W1989172965","https://openalex.org/W1989617638","https://openalex.org/W1997325623","https://openalex.org/W1999107701","https://openalex.org/W2000573306","https://openalex.org/W2001188255","https://openalex.org/W2006996737","https://openalex.org/W2013601171","https://openalex.org/W2021003556","https://openalex.org/W2034279018","https://openalex.org/W2036617258","https://openalex.org/W2040491796","https://openalex.org/W2055439742","https://openalex.org/W2060205624","https://openalex.org/W2060728589","https://openalex.org/W2072764623","https://openalex.org/W2085524798","https://openalex.org/W2086219540","https://openalex.org/W2086841270","https://openalex.org/W2087432970","https://openalex.org/W2093829413","https://openalex.org/W2096999118","https://openalex.org/W2112352537","https://openalex.org/W2122321648","https://openalex.org/W2137344397","https://openalex.org/W2151051518","https://openalex.org/W2152081677","https://openalex.org/W2247473599","https://openalex.org/W2296967264","https://openalex.org/W2315571856","https://openalex.org/W2488155451","https://openalex.org/W2916539526","https://openalex.org/W3121666410","https://openalex.org/W3123200646","https://openalex.org/W3123468419","https://openalex.org/W3124057639","https://openalex.org/W3124417261","https://openalex.org/W3125666382","https://openalex.org/W3126027435","https://openalex.org/W4244594234","https://openalex.org/W4245038112","https://openalex.org/W4248735792","https://openalex.org/W4285719527","https://openalex.org/W4387967688"],"related_works":["https://openalex.org/W4415473980","https://openalex.org/W7111037065","https://openalex.org/W2897078976","https://openalex.org/W2383324926","https://openalex.org/W2559505695","https://openalex.org/W4240906538","https://openalex.org/W2890592809","https://openalex.org/W6961194884","https://openalex.org/W2382317835","https://openalex.org/W2945477887"],"abstract_inverted_index":{"Previous":[0],"studies":[1],"have":[2],"highlighted":[3],"the":[4,39,88,105,110],"question":[5],"of":[6,12,41,112,116],"government":[7,55],"loan":[8],"interest":[9,23,71,89],"as":[10],"one":[11],"great":[13],"current":[14],"importance.":[15],"Government":[16],"borrowing":[17],"levels":[18],"are":[19],"high,":[20],"and":[21,62,109],"reducing":[22],"payments":[24],"would":[25],"generate":[26],"savings":[27],"to":[28,34,56,68,86],"meet":[29],"other":[30],"spending":[31],"needs":[32],"and/or":[33],"lower":[35,70],"taxation,":[36],"thus":[37,63],"supporting":[38],"sustainability":[40],"public":[42],"finances.":[43],"However,":[44],"no":[45],"previous":[46],"study":[47,115],"has":[48],"presented":[49],"a":[50,53,66,79,93],"method":[51],"for":[52],"local":[54,84,118],"calculate":[57],"its":[58,74],"own":[59],"credit":[60,99],"risk":[61,100],"be":[64],"in":[65,102],"position":[67],"negotiate":[69],"rates":[72],"on":[73,92,97],"borrowing.":[75],"This":[76],"article":[77],"defines":[78],"financial":[80],"model":[81],"that":[82],"enables":[83],"governments":[85],"estimate":[87],"rate":[90],"payable":[91],"bank":[94],"loan,":[95],"based":[96],"their":[98],"premium,":[101],"accordance":[103],"with":[104],"Basel":[106],"II":[107],"rules":[108],"findings":[111],"our":[113],"empirical":[114],"large":[117],"governments.":[119]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":3}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}