Study On Bond Mobilization Under The Condition Of A Local War

Peace and development have become the themes of our era after the Cold War, accompanied by the continuous tortuous progress of world multipolarization. On the whole, the world remains peaceful and stable, but local wars and armed conflicts occur frequently caused by territory, resources, ethnic and religious disputes. Facing complicated political and military environment at home and abroad makes our country exist lots of security threats. In the future, to achieve reunification of the country, defend the sovereign independence, national security and national dignity, our country may settle the Taiwan issue, the South China Sea issue, the Diaoyu Island issue and the South Tibetan issue by the means of local wars. China’s military spending is at a low level, and if a local war erupts, financial mobilization will be needed. Bond mobilization, as one of the important means of financial mobilization, can mobilize big capital scale and spend less time, but the bonds need repay capital with interest and bond mobilization will have a certain influence to macro economy, so bond mobilization must consider the cost and economic bearing ability and the size of bond mobilization must control in a reasonable range.The paper putted forward the reason for researching bond mobilization under the condition of a local war, then analyzed the basic of bond mobilization from the present situation of our country’s political, economic and society to solve the problem of whether we can mobilize bonds or not. To solve the problem of mobilizing bonds or not and the choice of the right mobilization moment, the paper analyzed the effects on the macroeconomic caused by bond mobilization. The paper evaluated the risk of bonds under the condition of a local war and calculated bonds mobilization potential under the premise of the national debt risk can be controlled, and did the empirical analysis based on macroeconomic data in 2012 to calculate the size of the bond mobilization under the condition of a local war. In the end, the paper draws conclusions and gave recommendations.