美国次贷危机对我国商业银行的启示

美国次级抵押贷款的问题自2007年7月开始暴露,进而引发以其为基础资产的证券化产品—住房抵押次级贷款危机,之后如同多米诺骨牌一般迅速波及全球金融市场,也对处于经济金融高位运行的中国敲响了警钟,本文分析了次贷危机产生的原因及其对我国商业银行经营管理的启示。     

反思美国次贷危机对我国商业银行的影响

美国次贷危机爆发。这给我国的金融机构敲响了警钟，如何采取有效措施防止资产泡沫的产生和堆积，加强对商业银行和其他金融机构的监管，避免次贷危机对我国金融机构的实质损害，对于我国的金融机构生存发展至关重要。     

浅析次贷危机及其对我国的启示

2007年3月13日,美国新世纪金融公司因濒临破产被纽约证券交易所停牌,该公司是美国第二大次级抵押贷款企业。在同一天,美国纽约股市遭遇了今年第二个“黑色星期二”,道琼斯30种工业股票平均价格指数暴跌242.66点,全球股市也随之下挫。昭示着,美国次贷危机的爆发。次贷危机可以说是一场新型的金融危机,它的发生对美国及全球经济产生了重大影响,将导致美国及全球经济出现逆转陷入衰退。本文对次贷危机的发生对我国启示做了一定研究。     

美国次贷危机爆发的原因及对我国出口贸易的影响

美国次级抵押贷款市场危机在不同程度影响了世界各国经济的发展。作为美国的第一大进口来源地，我国经济不可避免的也遭受到美国经济波动的直接和间接影响。本文首先剖析了美国次贷危机爆发的原因，然后就次贷危机对我国出口贸易的影响作了较全面的探讨，并据此提出了相应的措施予以应对。     

美国次贷危机对我国房贷风险管理的启示

本文从美国经济背景入手,全面分析了美国次贷危机产生的深层次原因,进而根据我国目前商业银行房贷风险管理现状,结合美国的次贷危机,从政策、制度、经营等多方面提出了完善我国商业银行房贷风险管理的几点思考和建议,旨在为我国商业银行的经营发展提供参考。     

美国次贷危机对我国经济的影响

爆发于2007年初的美国次贷危机目前已经席卷了几乎全球的金融市场,我国在对外贸易、资本市场、金融机构等方面也受到了或多或少的冲击.该文叙述了美国次贷危机对我国诸方面的影响,并提出了对我国金融改革的警示作用.     

美国次贷危机对我国商业银行的影响与启示

本文剖析了美国次贷危机对我国商业银行的影响,并从风险管理和信用的角度对我国商业银行的经营管理提出了政策建议。     

论美国次贷危机对我国银行业的影响与启示

本文从次贷危机的基本内涵出发,对美国次贷危机的成因和本质做了深入的分析和探讨,基于此本文重点分析了美国次贷危机对我国商业银行的启示,最后是本文的结论部分。     

美国次贷危机的发生对我国金融监管改革的启示

本文从美国次级贷款危机发生原因入手，分析了次贷危机凸显的美国金融监管体制的缺陷；随后，分析了中国现存金融监管体制的缺陷和不足，并且根据我国具体情况提出了对于减少次贷危机的影响和金融监管体制改革的一些建议。以期待为我国金融监管法律体制的改革和发展抛砖引玉。     

次贷危机对中国出口贸易结构的影响分析

起源于美国的次贷危机目前已引发了世界性的经济动荡,也对我国经济造成了不小的影响。本文基于2005年—2008年10月的数据,通过对危机前后出口贸易商品结构及市场结构的对比分析,探讨了次贷危机对我国出口贸易结构的影响,分析了其影响机制,并对出口结构的变化趋势做出预测,认为次贷危机的蔓延将不利于我国出口商品结构优化,出口市场结构将呈现多元化。     

次贷危机对我国对外贸易的影响探析

目前,美国次贷危机业已转化为严峻的世界性经济危机,对全球实体经济产生了巨大的冲击,不可避免的这次全球性的经济危机已经对中国,一个出口占GDP 40%的经济体产生了严重的影响.本文从几个方面对次贷危机时贸易产生影响的传导机制,中国贸易的现状及国内制造业遭遇的困境及原因做了相应的分析,并提出了相关的政策建议.     

Governance Implications of the Global Financial Crisis: United States Experience

In the financial debacle, public and private organizations failed to protect owners and stakeholders from calamity. Given the immense financial bubble, could improved governance have made a difference? Many large complex financial institutions may not be sufficiently governable to avoid unpleasant major surprises. Ponderous processes of enacting laws and regulations, and the substantial influence of powerful stakeholders in those processes, mean that fluid markets are likely to mitigate or even avoid the impact of regulatory improvements that policymakers suggest. Better information must flow to decision makers, but the dynamics of a bubble may impede effective risk management by financial firms and government.     

Characteristics of Companies Targeted by Social Proxies: An Empirical Analysis in the Context of the United States

We compare the traits of companies receiving social policy shareholder resolutions with those of a set of matching firms. We show that targeted firms tend to be much larger and riskier, less profitable and less socially performing than their counterparts. The five largest investors in firms receiving social proxies tend to hold a lower stake in those firms vis‐à‐vis the matching firms. Firms in both samples, however, are not statistically different in terms of percentages of shares held by institutional and insider investors. We provide possible explanations for our results.     

Mortgage Terminations,Heterogeneity and the Exercise of Mortgage Options

As applied to the behavior of homeowners with mortgages, option theory predicts that mortgage prepayment or default will be exercised if the call or put option is ‘in the money’ by some specific amount. Our analysis: tests the extent to which the option approach can explain default and prepayment behavior; evaluates the practical importance of modeling both options simultaneously; and models the unobserved heterogeneity of borrowers in the home mortgage market. The paper presents a unified model of the competing risks of mortgage termination by prepayment and default, considering the two hazards as dependent competing risks that are estimated jointly. It also accounts for the unobserved heterogeneity among borrowers, and estimates the unobserved heterogeneity simultaneously with the parameters and baseline hazards associated with prepayment and default functions. Our results show that the option model, in its most straightforward version, does a good job of explaining default and prepayment, but it is not enough by itself. The simultaneity of the options is very important empirically in explaining behavior. The results also show that there exists significant heterogeneity among mortgage borrowers. Ignoring this heterogeneity results in serious errors in estimating the prepayment behavior of homeowners.     

Nonsense on Stilts: United Kingdom Perspectives on the Global Financial Crisis and Governance

This article explores the governance implications for the UK of the financial crisis. It locates the UK’s system as a differentiated polity within a system of multi-level governance, noting the importance of EU institutions in reassessing the regulatory framework for the finance industry. It explores the historical, political and theoretical context and argues that the reforms so far advocated remain a part of the new public management (NPM) paradigm. There is something of a mix of dynamics involved, and although the debates taking place are wide-ranging, they are rooted in the structures of the past and the present. UK governance needs to invest in its values as well as its institutions.     

Physician payment in Canada, Germany, and the United States

As the debate about reforming the U.S. health care system intensifies, interest has focused on three alternative delivery systems: the predominantly private-sector model in the United States, the provincial-government health insurance model of Canada, and the social insurance model of Germany. The organization of physician payment is an important part of all these health care systems. To maintain an affordable system that delivers high-quality care, payment to physicians must be sufficient to attract and maintain an able group of doctors, while not exceeding an amount that the country can afford. In this article, these three systems will be examined, and an attempt will be made to apply the lessons learned from Germany and Canada to the direction of physician payment reform in the United States.     

Consumer trust in e-commerce in the United States,Singapore and China

This study examines the antecedents and consequences of consumer trust in the United States, Singapore and China. The results show that reputation and system assurance of an Internet vendor and consumers’ propensity to trust are positively related to consumer trust. Consumers’ trust has a positive relationship with attitude and a negative relationship with perceived risk. Implications of the results are discussed.     

Harassment at the Workplace: A Practical Review of the Laws in the United Kingdom and the United States of America

Harassment is a major deterrent for productivity, loyalty, and commitment to one’s job and organization. Unfortunately, many employees tend to experience various forms of harassment in the workplace. The focus in this article is to understand the extent to which the law protects a person from harassment, first based on the explication and application laws in the United Kingdom. The article then provides comparative discussion of laws and practices against workplace harassment in the United States. A major objective of this article is to help employers and managers become more expert in preventing and correcting harassment.     

Risk Management across the Globe: Insights from a Comparative Look at Sweden, Japan, and the United States

In light of the present day risk controversies such as global warming and hormones in beef, partially caused by a more globalized world, national differences and similarities in how to manage risks become increasingly important. In this brief "perspective" we focus on how risks are managed in three nations, namely Japan, Sweden, and the United States, specifically focusing on the roles of deliberation, risk analysis, and the importance of cultural factors.     

An Ecological Risk Assessment of Nonnative Boas and Pythons as Potentially Invasive Species in the United States

The growing international trade in live wildlife has the potential to result in continuing establishment of nonnative animal populations in the United States. Snakes may pose particularly high risks as potentially invasive species, as exemplified by the decimation of Guam's vertebrate fauna by the accidentally introduced brown tree snake. Herein, ecological and commercial predictors of the likelihood of establishment of invasive populations were used to model risk associated with legal commercial imports of 23 species of boas, pythons, and relatives into the United States during the period 1989-2000. Data on ecological variables were collected from multiple sources, while data on commercial variables were collated from import records maintained by the U.S. Fish and Wildlife Service. Results of the risk-assessment models indicate that species including boa constrictors (Boa constrictor), ball pythons (Python regius), and reticulated pythons (P. reticulatus) may pose particularly high risks as potentially invasive species. Recommendations for reducing risk of establishment of invasive populations of snakes and/or pathogens include temporary quarantine of imports to increase detection rates of nonnative pathogens, increasing research attention to reptile pathogens, reducing the risk that nonnative snakes will reach certain areas with high numbers of federally listed species (such as the Florida Keys), and attempting to better educate individuals purchasing reptiles.