The Structure of the Chinese Banking System and Credit Access Problems for SMEs

This paper examines the structure and the main characteristics of the Chinese banking industry. In particular, the paper analyses the problematic aspects of credit relations of small and medium enterprises (SMEs). The SMEs are facing several problems in accessing the bank loans market, dominated by the political and contractual weight of state-owned enterprises. However, some recent reforms have improved the situation, a fundamental condition for additional positive results. Nevertheless, further and more pervasive modernization efforts are needed to consolidate these results and to develop the relationships between banks and SMEs.

The Banking Network as a Transmission Channel of Migrant Remittances: The Case of Greek and Italian Banks in Albania

The paper examines the role of the banking network of foreign banks, namely Greek and Italian banks, on the transfer of remittances of Albanian immigrants. Remittances through the official network that is formed mainly by the banking network, grew much higher in comparison to non-official network during the period 1994–2006. The paper finds that the growth of the amount of remittances conveyed through the official network as part of the total amount of remittances is related to the evolution of branches of Greek and Italian banks in Albania.

Bank Monitoring and Role of Diversification

I present a framework of banking in which banks’ main role is to monitor their borrowers. Within this framework I analyze the benefits of diversification and the threats of systemic risk and inter-bank competition. Diversification improves banks’ monitoring incentives. High systemic risk not only hampers banks’ monitoring incentives, but also makes diversification less effective. I also show that competition lowers monitoring incentives. I match the insights of the analysis with the abundant literature on the role of banks on the asset-side and provide some implications for recent developments in banking.

Antecedents of Total Factor Productivity Change: Empirical Evidence from the Chinese Banking Sector

By applying the non-parametric Malmquist Productivity Index (MPI) method, this paper attempts to investigate the sources of productivity changes of China’s State Owned Commercial Banks (SOCBs) and Joint Stock Commercial Banks (JSCBs) during the period 2000–2005. The empirical findings suggest that the China banking sector has exhibited productivity progress attributed to the increase in efficiency. The empirical findings suggest that the SOCBs and the JSCBs have exhibited productivity progress of 0.2 and 1.3%, respectively.

The scoring rules in an endogenous election

Plurality rule is mostly criticized from being capable of choosing an alternative considered as worst by a strict majority. This paper considers elections in which the agenda consists of potential candidates strategically choosing whether or not to enter the election. In this context, we examine the ability of scoring rules to fulfil the Condorcet criterion. We show for the case of three potential candidates that Plurality rule is the only scoring rule that satisfies a version of the Condorcet criterion in two cases: 1) when preferences are single-peaked and, 2) when preferences are single-dipped.

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The economics of gay and lesbian couples: Introduction to a special issue on gay and lesbian households

This article presents a simple conceptual framework integrating three couple-related outcomes analyzed in this volume: wage differentials in earnings related to couple formation, household formation (including cohabitation and registration as Registered Domestic Partnership), and intra-household allocation of income. It also discusses some of the articles’ main findings.

Does Nominal Devaluation Precede Real Devaluation? The Case of The Philippines

This paper attempts to examine the link between nominal devaluation and real devaluation with special reference to the Philippines. In doing so, we have used log linear relationship between the variables and have employed some sophisticated tests such as Ng–Perron unit root test, autoregressive distributive lag model, and dynamic ordinary least squares test for the long run correlation. The findings of the study with the Philippino quarterly data suggest that not only in the long run, but also in the short run, nominal devaluation leads to real devaluation.

Chinese Contract Law and the Economic Reform

China’s previous contract laws had many contradictions and failed to meet the needs of China’s developing market economy. Although some problems still need to be dealt with, the unified contract law is more advanced, systematic and plays an important role in fostering and encouraging transactions.

On the influence of extreme parties in electoral competition with policy-motivated candidates

We study and compare equilibrium platforms in models of unidimensional electoral competition with two and four policy motivated parties. We first analyze the plurality game, where the party getting the most votes is elected and implements its proposed platform. Restrictions on the set of credible announcements are needed to get existence of equilibria. Comparing equilibria with two and four parties, we obtain that moderate parties react to the introduction of extreme parties by proposing the same or more extreme equilibrium platforms. We then study the proportional system, where the policy implemented is a weighted sum of the proposals, with the voting shares as weights. Here, the existence of extreme parties leads moderate ones to choose more centrist platforms. We finally test the robustness of our results with respect to, first, the enlargement of the strategy space to entry decisions and, second, to asymmetric distributions of voters' blisspoints.

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Nonprofit Isomorphism: An Australia–United States Comparison

This paper examines the organizational structures of nonprofit organizations in Australia and the United States. Using random samples of nonprofits drawn from the two organizational populations, the analysis compares the extent of structural resemblance or isomorphism in each. It detects similar levels of isomorphism for several structural characteristics. The paper interprets this finding as reflecting expectations for nonprofit organizations that stretch worldwide.

The Decline of the US and the Flatenization of International Order

Based on the current global financial crisis, the article introduces two recent typical perspectives on international order from the angle of discussion on the decline of the US, pointing out that the real trend of the development of international political economic order is flatenization. International power will be distributed in a flat model. In this kind of order big powers, main regional nation groups and important international organizations and institutions will share power in an increasingly equal way. The demands for reform of the international financial system against this financial crisis also reflect the trend of flatenization of the international political economic order.

Victims of the Genocidal Mind: Societal Indicators and Individual Case Treatment Considerations

This paper uses the theoretical lens of object relations and takes the position that the paranoid-schizoid position and the related mechanism of projective identification—cornerstone pathology found in the phenomenon of fascism and totalitarianism—are not atypical, but rather live within the seemingly normal individual. Using Rwanda as a case example, the author illustrates the continuum of beliefs and actions that can result in genocide, and then describes some of the treatment considerations facing the clinician dealing with victims of genocide.

Shame,the Affective Side of Secrets: Commentary on Barth’s Hidden Eating Disorders

This paper expands on the ideas presented by Barth’s article on hidden eating disorders. The topic of eating disorders continues to be an important focus of clinical work. Applying constructs related to the experience of shame, I explore the way that feelings of shame may impact an exploration of eating disorders by the patient and clinician.

What is child care? Lessons from time-use surveys of major English-speaking countries

This paper examines the definition and measurement of time devoted to child care in the diary-based surveys administered by the United States, Canada, Australia, and Great Britain. Detailed analysis of the relationship between measures of care activity and supervisory care in the American Time Use Survey (ATUS) illustrate the larger conceptual issues at stake.

The Monster Within: Countertransference Reflections on a Gay Adolescent’s Struggle with Sexual Identity

This paper concerns the author’s countertransference reflections on her work with a gay adolescent who identifies with powerfully destructive internal objects, including Hitler and the Monster. The author describes her countertransference inquiry through which she experiences her own potential destructiveness in order to help accommodate her adolescent patient’s rejected and disowned self states.

Reduced prizes and increased effort in contests

We study the general class of two-player public-policy contests and specify the asymmetry condition under which a more restrained government intervention that reduces the contestants’ prizes has the “perverse” effect of increasing their aggregate lobbying efforts.

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Majority rip-off in referendum voting

Many democracies complement a parliamentarian system with elements of direct democracy, where the electorate decides on single issues by majority voting. A well-known paradox states that in a sequence of referenda one can get from an arbitrary original income distribution to one in which one player gets almost all the cake. In this paper we design a three-player game modelling the sequential modification mechanism. The strategic analysis reveals that the paradox survives even with rational strategic voters and though the right to propose is allocated to each player once: the last player receives almost the entire cake. The result can be extended to the three-party n-voter case and is for some cases similar when we consider a random rather than fixed sequence of proposers.

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Business Ethics of Innovation

Business ethics of innovation strives to give orientation in settings where new products, new markets, new environments are predominant. The provision of new products and solutions is inseparably intertwined with the consequences of their use. These can be manifold and in some cases an (unwanted) consequence might even preclude them from being used. A case in point is illustrated by an example from the pharmaceutical industry.An earlier version of this paper appeared in the Newsletter No. 49, September 2004 of the Europäische Akademie GmbH, ISSN 1432–0150.

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The distribution of financial well-being and income within the household

In this paper we consider the issue of the intra-household distribution of welfare directly using a survey measure of self-perceived economic well-being. We develop a theoretical model of satisfaction within the household for couples. In the empirical analysis we find that husbands and wives often report different levels of financial satisfaction. The most important correlate of relative satisfaction within the household is found to be relative income. This is a direct confirmation of the previously implicit findings and is predicted by our theoretical model.