中国民间金融的法律监管问题

民间金融作为一种非正规的金融形式对中国经济的发展贡献突出,但由于对民间金融一直缺乏专门的法律法规监管,民间金融极易产生巨大风险,影响金融市场的安全与稳定.2011年温州民间金融危机的爆发,使民间金融的监管问题再一次引起了社会各方的关注.民间金融法律监管的完善应遵循适度干预原则、经济安全原则、平衡协调原则;采取赋予民间金融合法地位,建立健全市场准入机制与市场退出机制,对民间金融实行分类监管等措施.     

中国商业银行发展碳金融的风险及防范措施

[摘 要]商业银行应该发展碳金融,但其发展过程中存在较多风险,针对这些风险,可以采取以下几条措施防范: 建立并完善法律体系,规避法律风险;制定稳定的政策制度,降低政策风险;构建完善的内控体系,管理和控制经营风险;多渠道培养专业人才,解决人才风险;建立并健全的碳金融市场,减少市场环境风险。     

我国县域金融竞争力指标的设计与提升路径的研究——以连云港四县为样本的分析

县域金融作为推动县域经济发展的核心力量之一,其金融竞争力已成为县域金融发展的主要标志与目标。准确的界定金融竞争力内涵,科学的设计评价指标,对于明确一个县级地方的金融发展目标和措施至关重要。本文以区域金融竞争为理论基础,进一步探讨县域金融竞争力的基本内涵与外延,构建评价县域金融竞争力的指标体系,并以连云港四个典型县为分析样本,比较县金融竞争力的差距,并提出发展的导向建议,为全国县域经济与金融的耦合协同发展提供参考性蓝本。     

我国农村金融服务体系的困境及纾解

我国农村金融服务长期落后并且难以改善,其症结在于现行农村正规金融服务体系的制度安排与农村金融市场需求特征严重不匹配,是一种制度性困境.近年来国家虽然加大了对农村金融的存量及增量改革并采取优惠政策扶持农村金融机构,但并未从根本上纾解农村金融服务体系的矛盾与困境.解决农村金融问题,需要把短期性的农村金融支持政策和长期性的农村金融发展政策有机结合起来.当务之急则要解决农村金融市场上的体制缺陷、农村金融供求关系不匹配等问题.     

伊斯兰金融思想初探

伊斯兰金融思想作为伊斯兰经济思想的重要内容,系伊斯兰教崇商理念的重要表征,具有独特而丰富的伦理内涵。伊斯兰银行是伊斯兰金融思想的实践,20世纪50年代于巴基斯坦等地兴起。伊斯兰金融既有其自身优势,又有一定的局限性。     

The diffusion of public private partnerships: a world systems analysis

ABSTRACT

This paper analyzes the diffusion of neoliberal policies from the UK to Australia and New Zealand, and then to the Asia-Pacific region. The analytical framework employed is the world systems model developed by Immanuel Wallerstein. The primary focus of attention is the spread of public-private partnerships (PPPs) modelled on the UK Private Finance Initiative (PFI). Despite the demise of the PFI in its country of origin, and repeated failures in Australia and New Zealand, there is still considerable enthusiasm for the model in Australasia reflected in eagerness to export national expertise through aid and financial links.     

Centring labour in financialization

ABSTRACT

This article draws on an engagement with Marx’s notes on money and finance to reconsider the relationships between labour, working classes, and financial accumulation. In recent years, these dynamics have often been understood through the lens of ‘financialization’ – referring to a trend towards the growing prominence of financial sector profits, logics, and power at the expense of productive activity. This lens has tended to produce analyses of labour and finance that are (1) unidirectional and (2) that often lump a wide range of developments under a single heading without considering how these trends might intersect in potentially contradictory ways. Marx offers a useful alternative insofar as his approach to money and finance centres on a continual and fraught dynamic between the ‘abstract’ social labour embodied in money and the ‘concrete’ labour performed in particular places at particular times. This argument is illustrated through brief vignettes from South Africa.     

A Simulation-Based Specification Test for Diffusion Processes

This article makes two contributions. First, we outline a simple simulation-based framework for constructing conditional distributions for multifactor and multidimensional diffusion processes, for the case where the functional form of the conditional density is unknown. The distributions can be used, for example, to form predictive confidence intervals for time period t + τ, given information up to period t. Second, we use the simulation-based approach to construct a test for the correct specification of a diffusion process. The suggested test is in the spirit of the conditional Kolmogorov test of Andrews. However, in the present context the null conditional distribution is unknown and is replaced by its simulated counterpart. The limiting distribution of the test statistic is not nuisance parameter-free. In light of this, asymptotically valid critical values are obtained via appropriate use of the block bootstrap. The suggested test has power against a larger class of alternatives than tests that are constructed using marginal distributions/densities. The findings of a small Monte Carlo experiment underscore the good finite sample properties of the proposed test, and an empirical illustration underscores the ease with which the proposed simulation and testing methodology can be applied.     

试论企业财务风险的成因与对策

财务风险客观存在于企业财务活动的全过程。企业财务风险的产生,既有企业外部原因,也有企业内部原因,不同种类的财务风险形成的具体原因也不相同。要完全消除财务风险及其影响是不现实的,只能通过适当的风险规避与控制措施,将企业损失降至最低。