bet365 best casino games The current theory based on fiscal guarantee，Unable to explain the decline in local financial resources, which has not significantly increased the phenomenon of financing costs for local governments，It is also difficult to cope with the continuous Bet365 app download growth of local government debt under the strict supervision of the central government。Studies in theory and empirical indications，The financial resources controlled by the local government provide hidden guarantees for their debts; this financial guarantee is reduced while reducing financing costs，It will also lead to local financial risks transmitted to the financial department。So，Just one angle from finance or finance，Not enough to resolve bilateral risk problems of financial and finance brought by bet365 live casino games local government debt。The central government needs to coordinate financial and financial policies under the framework of financial and financial joint governance,Reasonable dispersion to resolve local government debt risks，Avoid that the single department bears too high risk。At the same time, pay close attention to the asset quality of local financial institutions and its reputation in the currency market，Avoid local financial risks to transmit to local fiscal。 

　　Keywords:Financial Finance Coordination  Local government debt risk  Financial Guarantee  Financial Guarantee  

　　AuthorWu Wenfeng，Professor of the School of Economics and Management, Shanghai Jiaotong University (Shanghai 200030); Hu Yue，Lecturer of the Business School of East China University of Technology (Shanghai 200237)。