Local government implicit debt poses a significant financial risk, and its contagion potential can have far-reaching implications. This paper employs a complex network analysis framework to examine how implicit debt risk propagates through local governments. Moreover, it explores the importance of multi-subject coordination in managing and mitigating these risks. Through empirical data and network modeling, this study unveils the interconnectedness of local governments' implicit debt and suggests strategies for effective risk management.
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Journal of Global Economics received 1931 citations as per Google Scholar report
