住房抵押贷款利率定价的实证研究--基于提前偿付隐含期权

文章在设定住房抵押贷款可提前偿付的前提下,分析了住房抵押贷款的提前偿付隐含期权特性,同时结合中国利率市场的利率变动轨迹,基于提前偿付隐含期权的蒙特卡罗模拟定价,给出了我国十年期住房抵押贷款利率的合理定价。     

不良贷款率对银行业影响的统计关系检验

在5%的显著性水平下,不良贷款率对资本利润率、净利差、资本充足率有单向格兰杰因果关系;而存贷比、流动性比率对不良贷款率有单向格兰杰因果关系;拨备覆盖率与不良贷款率在不同滞后期格兰杰因果关系不同。当不良贷款率上升时,商业银行不应通过承担更高的风险选择高贷款利率的贷款项目以实现其经营绩效;在系统性风险可控的前提下,监管部门和中央银行实施逆周期调整,可适当有选择性地提高容忍度,允许部分商业银行或业务条线调整对资本的计提标准,降低其顺周期性;商业银行应注重盈利性、流动性、安全性之间的平衡,理性对待不良贷款率上升。     

多元主体参与的农村养老贫困救助体系构建

农村人口老龄化现象和贫困问题的加剧使农村养老贫困问题亟需得到关注和解决。养老贫困问题的公共性决定了政府要负担主导作用,但是单独靠政府不能有效地解决农村养老贫困问题。以合作治理和福利多元主义理论为基础,寻求政府与非营利组织、市场、个人等社会力量合作,构建起多元主体参与的互动救助网络体系,可有助于这一问题的解决。     

对国有商业银行信贷资金效率问题的思考

目前信贷资金作为四大国有商业银行的主营业务,信贷资产质量偏低,信贷资金效率低下,使得国有商行效益较差,已成为四大国有商行股份制改造和上市的羁绊,更使其很难应对国外金融机构的挑战。本文对信贷资金效率问题产生的影响和原因以及解决的途径提出了一些个人的观点。     

社会救助“联动服务”模式研究——基于对广西G市救助管理站的调查与思考

基于G市救助管理站针对成年流浪乞讨人员实施的物质救助与心理救助联动服务模式的调查,分析该模式的制度效果、社会效用与不足之处,提出在服务项目联动之外,进一步建立公共部门间服务联动机制,救助管理站与外部社会间联动服务机制以推进社会救助的完善和发展。     

关于研究生收费的思考

随着高校收费的实施 ,研究生收费已成为必然。研究生收费制度的实施首先要建立公平的教育理念 ,同时要建立健全的社会资助制度。目前 ,我国研究生收费的社会环境尚不太理想 ,主要表现在社会资助系统的不完善和个人缺乏责任意识和投资意识。基于国情 ,我们可以借鉴日本育英会的社会资助运行体制 ,建立公正的社会资助制度     

A great leap towards liberalism? The Hungarian welfare state

The article analyses the changing role of the Hungarian state by examining the principles and boundaries of government commitment in income maintenance. I test the hypothesis that the welfare regime is liberal and is becoming increasingly more so. The empirical analysis addresses three major issues: the reliance on universal schemes in family support, the nature of poor relief assistance, and the institutional structure of the pension system. I find that these different programs do not add up to constitute any specific type of welfare regime. Rather, the emerging, and still transitory welfare system appears 'faceless'. I claim that a static welfare typology cannot be applied to the Hungarian welfare system and therefore reject the liberal hypothesis.     

《大公报》与“小骂大帮忙”

"小骂大帮忙"是对<大公报>立场的一个评价.在相当长的时间里,大陆对于<大公报>的这个评价一直持负面态度.本文主要从"小骂大帮忙"的历史渊源、大陆对这个评价的态度变化入手对相关资料进行整理,从另外一个角度正解"小骂大帮忙"评价的立场,并指出"小骂大帮忙"是当时新闻政策下为达到舆论监督的一种策略.     

Penalty and financial assistance in a supply chain with supply disruption

In a supply chain, when the supply is hit by an unexpected disruption, the supplier may face certain financial difficulty to resume normal production, causing a supply shortage as well as a loss to the manufacturer and the entire supply chain. Combining a penalty term in writing contracts with the provision of financial assistance is the “carrot and stick” approach used by a manufacturer to deal with supply disruption. This article investigates how the manufacturer, in a better financial situation, may use ex-ante penalty terms and ex-post financial assistance to compel the supplier to recover its production capability as much as possible. We find that, the MS (integration of financial assistance and the non-delivery penalty) is the best strategy for the manufacturer in most situations, but it is not a win–win strategy. An interesting result contrary to the conventional wisdom, is that the optimal delivery quantity for the supply chain under the centralized decision-making is less than that under the decentralized decision-making.