How do countries choose their monetary policy frameworks?

This paper investigates the determinants of countries’ choices of monetary policy framework. A brief narrative focused on groupings of countries motivates an econometric analysis which draws on previous work on the determinants of exchange rate regimes, bringing in standard factors as well as the trade networks of potential anchor currency blocs and the financial market depth that are emphasised in the narrative. The model turns out to be able to predict three quarters of countries’ choices, and there is no obvious systematic pattern in the errors. The results have important implications for how countries should choose their monetary policy frameworks.     

生态危机的思想文化根源——当代西方生态思潮的核心问题

生态思潮的主要诉求是重审人类文化,进行思想文化批判,揭示生态危机的思想文化根源。人类中心主义、唯发展主义和科技至上观是生态危机的主要思想根源。人文社会科学学者虽然不能直接参与具体的生态治理实践,却能够为挖掘乃至铲除生态危机的思想文化之根作出贡献,为构建环境友好型社会作出贡献。生态思潮的意义和价值就在于此。对于生态文化的重建来说,生态整体主义、生态的发展观和生态的科技观具有重要的作用,它们构成了生态文化的思想基础。     

QFR在我国资本市场的运用价值

高质量财务报告(QFR,Quality F inanc ialReporting)体系指出,在资本市场上通过粉饰财务报表,欺瞒广大的投资者和债权人,会增加公司股票的融资成本,降低股价。运用QFR能够促进我国资本市场的完善和发展,对企业和资本市场来说都有很高的运用价值。     

Household debt and financial assets: evidence from Germany, Great Britain and the USA

Summary.  We explore the determinants of debt, financial assets and net worth at the household level by using survey data for Germany, Great Britain and the USA. To identify which households are potentially vulnerable to adverse changes in the economic environment, we also explore the determinants of a range of measures of financial pressure: the probability that a household has negative net worth; the debt-to-income ratio; mortgage income gearing; the saving-to-income ratio. Our empirical findings suggest that the poorest and the youngest households are the most vulnerable to adverse changes in their financial circumstances.     

论国际资本流动与金融危机的关系--兼析加入WTO后不断加剧的国际资本流动给我国带来的风险

20世纪90年代以来,各种类型的金融危机频繁爆发,对危机国乃至世界经济产生了巨大的影响。这些危机不但使国际学术界和各国政府都高度重视,而且也掀起了探索、研究金融危机的热潮。从国际资本流动的机制和国际资本流动的规模这两个角度,探析了国际资本流动与金融市场动荡和金融危机的关系,并分析了国际资本的充分流动,可能给加入WTO后的我国带来的风险与影响。     

试论金融营销与商业银行自生能力的提高

顾客、竞争对手和市场环境等因素使金融营销具有维持商业银行生存发展、促进商业银行自身改革和深化金融市场等重要作用。可在商业银行金融营销机制建立、产品服务创新和质量提高以及改善公共关系方面提高商业银行的自生能力。     

我国农村金融市场效率研究——从金融促进农村经济发展的角度

本文认为判别与评价我国农村金融市场效率应该从下面两个方面进行研究：一是我国农村金融对农村经济的促进作用；二是我国农村金融市场的金融资源的均衡。从金融促进农村经济发展的角度。实证发现我国农村金融市场的效率低于全国金融市场的效率水平，主要由于农村正规金融机构的发展水平低下、农村金融市场的需求低下和农村金融市场的“高风险低效益”等因素所导致。因此，建议：发展中小金融机构，弥补正规金融的不足：创新金融工具，聚集农村金融需求；建立农村金融风险补偿制度，降低金融风险；改革金融定价和补贴政策，提高农村金融收益水平。     

建构适合我国国情的新型医疗救助体制

医疗救助是社会救助体制的重要组成部分,它是政府和社会对贫困人口中因病而无经济能力进行治疗的人实施专项帮助和支持的行为。文章对我国实施医疗救助的迫切性与重要性加以论述,并提出建构适合我国国情的新型医疗救助体制的构想。     

中小企业发展与融资体系的构建

中小企业在其不同的发展阶段面临着不同的融资需求。文章以金融支持为主线,先从宏观层面上考察了企业融资结构分别对宏观经济波动和企业融资体系的影响,再从微观角度出发,试图在对中小企业各发展过程中融资行为、融资约束、融资结构等的分析中探求其“融资难”之所在。最后再依据我国的现实国情,并结合发达国家先进经验,探讨我国中小企业融资体系的构建。     

Beggars can be choosers: Resource scarcity,dynamism, search activities,and their joint impact on performance

Research on firm search stresses the need for firms to adapt and align concurrently with their environment to optimize the ability to sense and seize opportunities for sustained performance. We postulate resource scarcity as an important contingency factor for the search-performance relationship, and assess its joint influence with high and low dynamism. Using a dataset spanning 23 years, we examine the performance implications of combinations of internal and external exploratory and exploitative search in resource-scarce environments, under conditions of high and low dynamism. We find that resource scarcity is an important condition for performance stemming from exploratory and exploitative search: even under conditions that involve low dynamism, but joined with resource scarcity, firms may benefit from pursuing exploratory and exploitative knowledge simultaneously.