对供应链金融模式及风险管理的探究

随着我国经济创新、银行改革的不断深入,银行所面临的竞争压力也在不断加剧。尤其是目前我国各个商业银行早已加快对金融产品的研发,以抢占经济市场占有份额。而供应链金融模式的出现,正是银行突破传统信贷思路,借助客户供应链运行特点进推广,以满足市场竞争需求的重要金融手段。本文笔者从供应链金融的基本模式入手,对供应链金融的特风险及风险管理进行粗浅的探讨,以供参考。     

以银行为主导与以市场为主导的金融体系：跨国的比较

Ⅰ.引言 长期以来,经济学家们一直在论辩以银行为主导的金融体系和以市场为主导的金融体系相比的利弊。该辩论主要集中于四个国家。德国和日本的金融制度是以银行主导的。银行在发动储蓄、配置资本、监督企业管理者的投资计划和在提供风险管理工具上起主     

试论商业银行的全面风险管理

随着金融业市场开放,金融产品创新加速,增加了商业银行的经营风险。银行风险管理的内容由过去以信用风险管理为主向信用、市场、操作风险全面管理转变,加强对各种风险、各业务品种、流程各环节实施有效风险管理。     

我国资产证券化存在的问题与对策研究

资产证券化是20世纪70年代以来国际金融领域最重要的金融创新之一。资产证券化将信贷资产转换为可在资本市场上交易的证券,能够连接资本市场和银行体系。丰富资本市场产品,改善银行流动性,提高资产负债管理和风险管理能力,从而促进资本市场和银行体系的协调发展。因此,资产证券化在我国的引入具有相当的必要性。文章首先论述了我国资产证券化的意义;其次论述了我国资产证券化存在的问题;最后针对我国资产证券化存在的问题提出了相应的对策。     

论我国商业银行信贷风险控制方法研究

众所周知,银行信贷风险管理一直是我国金融工作中的薄弱环节,以前巨额不良资产以及低下的银行经营效率是我国银行信贷风险管理问题的集中反映.由此,我国商业银行信贷风险管理方面存在许多理论问题和实际问题急需金融理论工作者去研究与探索.     

从巴林银行倒闭看内部监管机制的重要性

从巴林银行倒闭看内部监管机制的重要性中国人民大学国际经济系郑文通１９９５年２月，英国老牌银行巴林银行的倒闭震撼了国际金融市场，使金融衍生工具的风险管理问题成为热点。笔者认为，在对金融衍生工具的风险管理中，金融机构的内部监管机制扮演着第一位的角色。缺乏...     

建立健全商业银行风险管理机制的思考

商业银行的经营风险存在于业务活动的始终,它是指来自金融系统内部或外部的、对银行资金安全的直接或间接威胁,其严重后果是扰乱金融秩序甚至社会经济秩序,造成银行资金损失,发生支付危机,导致金融机构倒闭,引发社会波动。商业银行风险管理机制的健全与否,直接关系到银行的风险程度和风险管理的能力。在我国国有商业银行现行风险管理制度中,存在着不少问题,加大了国有商业银行的经营风险和金融风险。为此,必须创新风险管理制度,改善商业银行的公司治理结构,再造风险管理组织体系,构建风险管理制度的基础设施,实现对所有风险准确和及时地度量、分析、防范和化解。     

浅谈我国商业银行风险管理文化

随着金融业的深入发展,银行的风险管理文化发挥着越来越巨大的作用。先进的银行风险管理文化不仅有助于促进银行风险管理体系的高效运行,也是我国商业银行适应市场经济发展和提高市场竞争力的需要。如何培育我国商业银行的风险管理文化已经成为摆在各家银行面前必须重视的一个大问题。     

我国商业银行业务创新的现状和发展对策

金融创新是指商业银行为适应经济发展的要求,通过引入新技术,采用新策略,构建新组织开拓新市场,在战略决策、制度安排、机构设置、人员准备、管理模式、业务流程和金融产品等方面开展的各项新活动,最终体现为银行风险管理能力的不断提高,以及创造和更新为客户提供的服务产品和服务方式。本文就我国商业银行业务创新现状及发展对策进行了探讨,以实现金融机构自身利益最大化。     

我国上市银行风险信息披露的现状研究

上市银行风险信息披露是上市银行提高风险管理和加强市场约束的重要内容。在信用风险、市场风险、操作风险、流动性风险等主要风险种类的信息披露方面,我国对上市银行的要求与巴塞尔新资本协议的要求存在差异,我国以A股模式上市的银行与以A＋H股上市的银行风险信息披露的现状存在差异,在我国上市银行国际化的进程中应进一步采取措施以完善风险信息的披露。     

Pleasure and belief in Hume's Decision Process

Abstract

The purpose of this paper is to introduce explicitly pleasure and belief in what aims at being a Humean theory of decision, like the one developed in Diaye and Lapidus (2005a). Although we support the idea that Hume was in some way a hedonist – evidently different from Bentham's or Jevons' way – we lay emphasis less on continuity than on the specific kind of hedonism encountered in Hume's writings (chiefly the Treatise, the second Enquiry, the Dissertation, or some of his Essays). Such hedonism clearly contrasts to its standard modern inheritance, expressed by the relation between preferences and utility.

The reason for such a difference with the usual approach lies in the mental process that Hume puts to the fore in order to explain the way pleasure determines desires and volition. Whereas pleasure is primarily, in Hume's words, an impression of sensation, it takes place in the birth of passions as reflecting an idea of pleasure, whose “force and vivacity” is precisely a “belief”, transferred to the direct passions of desire or volition that come immediately before action. As a result, from a Humean point of view, “belief” deals with decision under risk or uncertainty, as well as with intertemporal decision and indiscrimination problems.

The latter are explored within a formal framework, and it is shown that the relation of pleasure is transformed by belief into a non-empty class of relations of desire, among which at least one is a preorder.     

Globalization,Neoliberalism and the attack on social security

Neoliberal political movements advocate privatization of public pension systems. Globalization imposes pressure on nations to conform to neoliberal policy views with respect to the design and structure of social insurance, including public pension systems. The paper begins with an investigation of the economic, ethical and ideological dimensions of the privatization debates in the U.S.; it argues that privatization advocates may be largely moved by ideology, since the other reasons advanced appear weak or unfounded. The second part discusses the history of Social Security, the purposes for its creation, and some of its economic effects. Differences between public and private pension systems are considered. A brief international comparison of some aspects of public pension system finance and benefit structures is presented. The final section considers the ethical, macroeconomic and distributional implications of privatization, prefunding and payroll tax funding, and argues for a pay as you go system financed with income taxes. In order to promote equity, economic security, community, and social cohesion, public pension systems should be universal in coverage. In order to reduce the inequality, income insecurity, and aged poverty generated by market economies, public pension systems ought to be progressive: benefit/contribution ratios should be inversely proportional to income, and progressive income taxes should finance the system. To promote economic growth, the systems should be financed on a pay-as-you-go basis, and should not be prefunded except for an emergency reserve. The fiscal policy recommendations partially depend upon the theory developed by Abba Lerner in the 1940s, and recently advanced by Wynne Godley and Randy Wray: Lerner's “principle of functional finance.”     

John Stuart Mill's Theory Of Justice

John Stuart Mill has traditionally been portrayed as self-contradictory and failing to construct a unified social theory. Recent scholarship, however, has challenged this view, finding Mill's work to be creatively synthetic in bridging the antinomies inherent in liberal democratic thought. This revisionist interpretation of Mill is advanced by an understanding of his theory of justice and its role in shaping his policy positions on issues such as welfare, education, voting rights, property rights, taxation, government intervention, and the future of capitalism.     

A Rich Vein for “Reality Mining”北大核心CSSCISSCI

Arik Hesseldahl In the aftermath of the September 11 attacks, U.S. officials quickly turned their attention to other potential targets, including California's Golden Gate Bridge. What would happen if terrorists took down the bridge between San Francisco and Marin County? How much of the region would be affected and for how long?     

Perspective on the Economic Evolution of the European Union States Under the Impact of the Pandemic and Financial-Economic Crisis

The European Union,which is at the beginning of its term of office for all Member States in the European Parliament,the European Commission,its governing body a...     

中国养活自己能力的长期预测:技术和政策分析

中国拥有世界五分之一强的人口 ,收入又在迅速增长。因此 ,国际上很自然地会考虑或推测她在今后的几十年是否有能力养活自己。中国的人口预计将从 2 0 0 0年的 1 2 8亿增长到 2 0 2 0年的 1 4 6亿 ,和 2 0 3 0年的 1 4 9亿。与此同时 ,人均收入的增长将导致对家畜和鱼类产品更大的需求 ,因而对饲料的需求也将有很大的增长     

Interest on reserves and inflation

The payment of interest on reserves has been a common practice in inflationary economies. This policy may seem paradoxical since it involves returning part of the seigniorage, generated by the inflation process, with the intention to finance the fiscal deficit. This paper argues that the motivation for this policy can be captured by the discretionary regime, where the policymaker pays interest on reserves because he is concerned with the erosion of real liquidity by inflation, which is in part beyond his control. However, this policy is an unlikely outcome in the commitment regime, where the policymaker is in full control of inflation.     

John Stuart Mill's Theories of Wealth and Income Distribution

Although he was much influenced by David Ricardo when he wrote the classical part of his Principles , John Stuart Mill was not a Ricardian when he penned his theories of wealth and distribution. They are based on a triple foundation. First, a belief that economics is a moral discipline. Second a theory of custom-driven human behavior. Third, an empirically formed conviction that the institutions of state, education and business cooperate to structure the distribution of income. On the basis of these presuppositions, Mill formulated 1) an institutional theory of the formation of human and non-human wealth and 2) an even more institutional theory of distribution demonstrating how the aforementioned institutions malignantly skew the distribution of income to the advantage of the propertied classes and to the extreme disadvantage of the working class. As a social economist, Mill recommended institutional reforms designed to eradicate the poverty of the working class.     

Forecasting the price of gold

This article seeks to evaluate the appropriateness of a variety of existing forecasting techniques (17 methods) at providing accurate and statistically significant forecasts for gold price. We report the results from the nine most competitive techniques. Special consideration is given to the ability of these techniques to provide forecasts which outperforms the random walk (RW) as we noticed that certain multivariate models (which included prices of silver, platinum, palladium and rhodium, besides gold) were also unable to outperform the RW in this case. Interestingly, the results show that none of the forecasting techniques are able to outperform the RW at horizons of 1 and 9 steps ahead, and on average, the exponential smoothing model is seen providing the best forecasts in terms of the lowest root mean squared error over the 24-month forecasting horizons. Moreover, we find that the univariate models used in this article are able to outperform the Bayesian autoregression and Bayesian vector autoregressive models, with exponential smoothing reporting statistically significant results in comparison with the former models, and classical autoregressive and the vector autoregressive models in most cases.