Credit access,macroprudential rules and policy interventions: Lessons for potential first time buyers

Given the increased popularity of macroprudential measures in the aftermath of the great financial crisis (GFC), a key policy question to arise in certain mortgage markets is whether a significant access to credit issue exists amongst prospective homeowners because of these new policies. In this paper we assess whether such a problem arises in the context of the Irish mortgage market – a market particularly adversely impacted by the GFC. We use a microsimulation model to estimate the level of latent credit demand that could be serviced by the market given prudent credit risk assessment and the current macroprudential regulations. We then compare this demand to current market provision to explore whether a credit gap exists. Finally, we simulate how a public mortgage credit scheme or equity “help-to-buy” type instrument may help credit access. We find both instruments to be effective but would lead to somewhat higher house prices.     

‘Colour-evasiveness’ and racism without race: the disablement of asylum-seeking children at the edge of fortress Europe

This article explores discriminatory discourses articulated by Italian professionals operating in educational, health and social services for refugees in Rome, in relation to the educational and social inclusion of unaccompanied asylum-seeking and refugee children. It locates such narratives within the historical ‘concealment and invisibilisation of race and racism’ that have characterised Italy particularly since the end of the Second World War, while showing how they legitimate contemporary processes of disablement and over-representation of forced migrant children in the category of Special Educational Needs. A theoretical framework influenced by Dis/ability Critical Race Studies, Italian postcolonial studies, and Judith Butler’s notions of subjectivation and performative politics is used to discuss how a ‘colour-evasive’ racial ideology has seeped into various institutions in Italian society, and importantly into education policies and practices.     

大数据驱动下的政府治理机制研究——基于2020年后精准扶贫领域的返贫阻断分析

大数据时代已经到来，大数据驱动下的政府治理发生何种改变，目前相关研究较少。当前政府治理的考验集中在2020年实现全面脱贫后精准扶贫领域的返贫阻断。文章以该领域为切入点，探索大数据驱动下政府治理的内在机制。研究发现：大数据背景下，政府治理能力催生出新的核心能力，即数据治理能力。数据治理能力驱动下，政府治理主体多元化有利于实现政府治理资源的宽范围、精准化动员；政府治理方式实现经验式决策向数据化决策转变，有利于实现政府资源的高效率和公平配置；政府治理客体的精准识别，有利于政府资源的精准化和最优化运用。但是客观上必须具备数据治理能力，主观上必须按照大数据驱动的要求重构政府治理体系（包括治理主体、治理方式和治理客体），才能真正实现以数据治理驱动政府治理，进而提高政府治理能力的目的。而数据治理能力客观上也加速了政府治理体系的重构，进而加快了政府治理能力的提升，并最终提高政府治理绩效。在对标大数据应用不同阶段分析常规式返贫阻断和大数据返贫阻断的不足和差距的基础上，笔者提出重构政府治理体系和提升数据治理能力等针对性建议。     

(Un)expected exception: validating acquiescent response style factor in the Czech Republic

ABSTRACT

This study explores the acquiescent response style (ARS) among respondents in the Czech Republic. To analyse ARS, confirmatory factor analysis (CFA) was employed and the response style (RS) was modelled as a latent variable. The RS factor in the CFA model must be validated by its relationship to education and age, i.e. proxies of cognitive ability. The two studies presented in this article use large amount of data as all available balanced batteries of items were analysed. In Study 1, the RS factor showed no correlation with age/education in most of the models. Study 2 employed additional measures of cognitive ability and education and confirmed the overall absence of the relationship. Author concludes that the modelled RS factor then cannot be considered the ARS and deduces that the most likely explanation of the identified systematic error variance is the respondents’ carelessness manifested by automatically choosing the extreme agreement, or choosing the first presented answer as a result of memory effect.     

Occupational mobility and cognitive ability: A commentary on Betthäuser,Bourne and Bukodi

This commentary critiques Betthäuser, Bourne and Bukodi's (2020) paper which finds that cognitive ability does not substantially mediate class of origin effects on educational and occupational outcomes. From these results, they conclude that cognitive ability is only of minor importance for social stratification, reasserting their view of the primacy of class origins for social stratification. The central issue surrounding cognitive ability in social stratification is its effects on socioeconomic attainments vis-à-vis socioeconomic origins, not the extent that cognitive ability mediates classorigin effects. Their analytical strategy of estimating the extent that cognitive ability mediates class origineffects is misleading because: it ignores the only moderate associations of socioeconomic origins with educational and occupational outcomes; the stronger direct effects of cognitive ability; the associations of parents’ ability with their own socioeconomic attainments; and the genetic transmission of cognitive ability and other traits relevant to social stratification from parents to their children.     

The red and the black: China’s social credit experiment as a total test environment

China's social credit system is an unusually explicit case where technology is used by multiple actors to turn human behavior into a test object on behalf of the state's goal of modifying the larger social environment, making it an intriguing setting for thinking about the new sociology of testing. This article considers how China's search for a usable “credit” score to both allocate financial resources and explicitly measure a citizen's trustworthiness creates an emergent experimental system of governance similar to, yet not quite captured by, the kinds of experimental processes observed in literature on the platform as a form of market-based governance. As a site where “seeing like a state” and “seeing like a market” converge, the social credit system is a vantage point for observing the changing relationship between moral and economic domains in an era of digital platforms. The article highlights the experimental quality of the system and its emerging system of governance structured around reward and punishment and argues that strategic ambiguity, institutionalized through the affordances of digital platforms, is an important part of the design of this large-scale social experiment.     

探析我国出口信用证结算地位弱化的成因及影响

鉴于信用证具有比较强的收汇保障的性能和贸易融资功能，因此也一直是我国出口企业贸易结算的首选，使用率高居90％。但是近年来，其结算的“霸主”地位不断弱化，并由此对我国外贸出口产生了较大的不利影响。本文探讨了其中具体的原因及影响，并辅以对策。     

基于OBE教育理念的土木工程专业英语教学改革实践

为提高土木工程专业学生的英语应用能力和《土木工程专业英语》课程的教学效果，本次教改实践以OBE（成果导向教育）教育理念为教改指导思想，以土木工程专业英语教学为教改对象，设计了土木工程专业英语教学的教学内容、教学组织和教学评价等教学环节，在河北工程大学土木工程专业学生中进行了教改实践。教改实践结果表明，基于OBE的土木工程专业英语教学模式在提升土木工程专业学生英语应用能力方面具有很好的效果。本次教改实践的成果值得本校其他工科专业和其他兄弟院校借鉴。     

基于ACC支付模式的供应链金融模型研究

在零售商存在资金不足和顾客需求随机情况下，以报童模型为基础，针对变质品构建了供应链金融问题和ACC支付模式（提前支付Advance、现金支付Cash和信用支付Credit）相结合的零售商订货模型，即零售商与供应商、融资机构合作条件下的模型。研究表明，零售商会随着最优订货批量和最低期望成本的增加和降低趋势，进而调整订货量，从而规避供大于求的风险，最终降低总的期望成本。同时供应商可以适当调整支付比例，让零售商来分担坏账和商品变质风险。     

基于违约鉴别能力组合赋权的小企业信用评级——基于小型工业企业样本数据的实证分析

信用评级是衡量债务违约的可能性,因此评级体系要有违约风险识别能力,能够将违约客户和非违约客户显著地区分开.通过逼近理想点的思路,构建多目标规划模型求解最优的组合权重,并对中国某区域性商业银行1 814笔小型工业企业贷款进行实证分析.本文的创新与特色一是以非违约企业的数据到正理想点的距离代数和最小为第一个目标函数,以违约企业的数据到负理想点的距离代数和最小为第二个目标函数,构建多目标非线性规划模型进行组合赋权,在满足了“非违约企业的评价得分越高、违约企业的评价得分越低”要求的目标下得到最优的组合赋权的权重系数,使赋权结果保证了评级模型能够将违约企业与非违约企业最大地区分开.改变了现有研究的组合赋权脱离评价目的的弊端,改变了现有研究中违约与非违约企业的评价得分存在大量重叠、对两类企业的区分能力低的弊端.二是通过检验“违约企业的信用得分是否显著小于非违约企业的信用得分”的J-T非参数检验,验证信用评价模型的合理性.改变现有研究忽略对信用评价模型的合理性进行验证的弊端.三是经过实证,发现本研究建立的组合赋权模型的违约鉴别能力(Z=5.546)要高于现有研究的两种常用组合赋权模型、即基于方差最大的组合赋权(Z=4.298)和基于偏差最小的组合赋权(Z=5.182)