“大而不倒”问题及其解决路径

"大而不倒"现象历史久远,现指金融机构因规模、可替代性与系统关联性等因素具有系统重要性而不能任其倒闭,否则会引发系统性风险。各国政府对系统重要性金融机构实施救助的根本目的在于防范或遏制系统性风险。然而,"大而不倒"容易引发金融机构的道德风险,破坏金融体系的市场约束机制。解决"大而不倒"问题的政策路径主要有:加强审慎监管,增强系统重要性金融机构的损失吸收能力和抵御危机的能力;建立有效处置的制度框架,对发生风险的系统重要性金融机构进行有序处置,以减轻其倒闭可能对金融体系造成的负面效应。     

“大而不倒”问题及其解决路径

"大而不倒"现象历史久远,现指金融机构因规模、可替代性与系统关联性等因素具有系统重要性而不能任其倒闭,否则会引发系统性风险。各国政府对系统重要性金融机构实施救助的根本目的在于防范或遏制系统性风险。然而,"大而不倒"容易引发金融机构的道德风险,破坏金融体系的市场约束机制。解决"大而不倒"问题的政策路径主要有:加强审慎监管,增强系统重要性金融机构的损失吸收能力和抵御危机的能力;建立有效处置的制度框架,对发生风险的系统重要性金融机构进行有序处置,以减轻其倒闭可能对金融体系造成的负面效应。     

自救债的法律问题述评

次贷危机之后,国际社会提出针对系统重要性金融机构的处置,传统的处置路径无法再进行下去,必须开拓自救债作为银行处置的第三条道路。为了确保自救债的措施有效实施,必须确保自救债具有明确的法律框架,确定自救债可适用的范围,确定自救债的启动时机。     

从金融危机救助看RTC模式的失效问题

在此次次贷危机掀起的金融危机救助中,应用于储贷危机的资产重组托管公司(RTC)模式明显失效.本文分析了一向被公认为世界上处置金融机构不良资产成功典范的RTC模式失效的根本原因,分别从损失主体、标的资产、处置空间三个方面进行阐述,并得出政府直接以股东的身份注入资本比资产清理更为有效的结论     

银行救助的历史审视及相机抉择

在金融史上,发生过多次银行危机和倒闭风潮.尽管救助措施很多.但目前看贷款人制度的作用似乎更大.中央银行最后贷款人职能正式履行至今已有100多年,这期间,最后贷款人的职能发生了一些变化,但是.相机抉择一直是最后贷款人实施银行救助过程中遵守的原则.本文通过对银行救助和最后贷款人职能的演变进行分析,以期对我国推出最后贷款人制度并化解金融风险有所裨益.     

浅析金融危机对中国银行业的启示

目前,美国正陷入百年一遇的金融危机,金融机构纷纷倒闭,人们对金融市场、经济前景的信心严重不足,美国政府陷入了救助的泥淖之中。这场罕见的危机由次贷危机演变而来,并引发了全球性的金融动荡,世界经济增长减缓、减弱,甚至面临长期衰退。国际金融环境趋于恶劣,我国不可避免地受到国际金融危机的影响,我国银行业能否抵抗这次“金融海啸”的冲击,需要更深层次的思考和积极应对。     

环球

<正>坚持冷对希腊债务危机在希腊债务危机爆发后,德国援助希腊的立场并不积极,默克尔本人也多次表示希望希腊自救。3月19日,默克尔还措辞强硬地反对本周召开的欧盟峰会讨论如何救助     

金融危机的政府救助及启示

历次金融危机表明,政府的救助举措及时机的选择在危机治理中至关重要,将直接影响着金融危机持续的时间和扩散程度.通过历史经验的论证,分析美国政府救助政策的效果及对美国金融危机未来发展的预测.     

网络时代下民营书店的生存路径

书店经营本质上是一种文化服务,针对目标读者群,提供更有价值和吸引力的服务是目前的唯一出路近日,北京知名的人文社科类书店"风入松"以"设备整修"为由无限期歇业引来唏嘘一片。尽管董事长王洪彬否认书店倒闭的传闻,表示仅仅是"另觅新址"。但近年来由于网络购书的低价冲击、民众阅读习惯改变等外部因素,致使书店收益下滑,最终导致因无法负担高额店租而被迫停业的民营书店远不止此一家。纵观近几年国内民营书店市场,仅北京地区,第三极书局、北京五四书店陆续销声匿迹,豆瓣书店直营店关张,三联书店规模收缩……有数据统计,仅2007年至2009年间,国内民营书店就减少了1万多家,民营书店在大环境改变之下面临着共同的危机,自救势在必行。     

金融危机下中国电子商务业发展述评

美国金融危机爆发,中国实体经济随着全球范围内的扩散受到了严重创伤,也波及了正蓬勃发展的电子商务业.入驻电子商务第三方平台上的以制造业、加工贸易业为主的中小企业因倒闭而大面积消失,而依靠企业电子商务生存的电子商务企业纷纷启动自救方案,及时调整经营策略、创新服务品种、提高服务水平、降低服务费用,在危机中经受了洗礼,并以较短...     

Brown＇s Blossom in Britain-China

The overall strategic relationship between U.K. and China is ＂better than ever＂, China- Britain relations have maintained good momentum, with increased high-level exchanges and the reinforcement of strategic mutual trust, with more room for growth in the future.     

Challenge and Opportunity Go Hand in Hand——What Global Economic Agitation Brings to the China's Economy?

Domino effects of the global finance agitation As the origin of the subprime crisis,US financial institutions lost USS45 billion last year,accounted for over half of the total US,EU & Japan loss.Since January 15th,Chtigroup released its financial statement of the 4th quarter,showing a net deficit of USS9.83 billion,which marked the hisoric high of its quarterly deficit.     

Universal Coverage, Pinpoint Illustration and Profound Impact HTC 2008 Intermedia Recommendation and Introduction Meeting

Holding 88 percent of train media resources across China, based on "Time Cube", on the 2008 Intermedia Recommendation and Introduction Meeting on December 19, 2007, HTC announced its high-profile strategy of tour marketing and tapping the immeasurable potentials on the train. Meanwhile, HTC officially launched its brand new product Olympic Train on the meeting, providing a fabulous platform for all the brands that are prepared to do a smart marketing on the occasion of 2008 Olympic Games.     

Market presence in China strengthened Network growth and Dual-Chinese-Hub Strategy More frequet Flyer Benefit——Air China and shanhai Airlines Join Star Alliance

In the end of 2007, Air China Limited (hereinafter "Air China") and Shanghai Airlines, formally joined Star Alliance at a ceremony held in the new Terminal Three at Beijing Capital International Airport. With the addition of the two Chinese airlines, Star Alliance now has 19 member carriers operating 17,000 daily flights to 897 destinations in 160 countries.     

China''''s Stock Market Wave

The annual meeting of the World Economy Forum was held in Davos,a little town in Switzerland,on January 23rd to the 27th this year,with the theme"the Power fo Collaborative Innovation",over 2500 celebrates from ture political and cconomic circles of more than 80 countries and challengred logether to talk about the future of the global economy in 2008,A Forum for the problems and challenges that face whole world,some of the keywords which drew attention during the event were:the U.S.subprime mortgage crisis,soaring energy prices,the economic slowdown in the U.S.ermerging economic bodies,authority funds and the general unpredictable nature of the global economy.     

Trade Promotion from Neighborhood

If you are considering to trade with companies in Japan or expanding your .business to Japan, we are ready to help from the very beginning.＂ You will find this greeting at the first sight on the Chinese website of Japan External Trade Organization （JETRO）. JETRO has committed itself in delivering highly efficient and quality services to meet the demand of internal and external customs including Japanese companies, hence winning a good reputation in the international trade arena. In recent years, with its priority in advancing business cooperation in South and East Asia, JETRO has made great achievement in promoting trade between China and Japan. Therefore, China＇s Foreign Trade interviewed Mr. Yoichi Maine, Deputy Director General of JETRO BEIJING.     

Auto Parts Market Potential Coming into Surface

Looking at the increasingly fierce competition in the world auto market. global automobile manufacturing industry, taking Europe, the U.S. and Japan as representatives, is gradually forming a new type of relationship, mutual cooperation between whole vehicle and parts manufacturers. We can clearly see that auto parts manufacturers have become independent from the whole vehicle manufacturing companies, which means that the former structure of auto industry has greatly changed, and a new relationship,     

Jean-Pierre Duprieu： Willing to Be A Legate of Sino-French Business

Estaing, former French president, Valery Giscard d＇Estaing attended Sino-French Economic Seminar held in Shanghai in early April and said that the world center has shifted from the west to the east with many European and US companies entering into Asia, and China has the ability to play an important role in the world stage. Estaing, naming himself＂French Confucian＂, then said in Chinese that a cook-group includes 10 people in ancient Chinese soldier system and the cook is in charge of cooking for them. And people who belong to the same cook are actually ＂Partners＂.     

Domino Effect on Electricity and Coal Prices

In the middle of last December, the key purchase contracts for coal used in power generation in 2008 were signed, reflecting a demand for more than 1.085 billion tons. It is important to note that the country＇s five biggest power producers, China Huaneng Group, China Guodian Corporation, China Power Investment Corporation, China Huadian Corporation and China Datang Corporation, had settled on the prices on their purchase contracts, and they are expected to consume 290 million tons of coal for generating electricity,     

A World of Love 2008 Music Grand Ceremony

Under the guidance of the theme slogan of the 29th Olympic Games - One World One Dream, with dream, love and dedication as its theme, the 2008 Music Grand Ceremony ＆ 1000 People Charity Concert on 100 days cotmtdown to Paralympic Gamesis officiaily launched on December 22, 2007. The 2008 Music Grand Ceremony is sponsored by China Disabled Persons＇ Federation, and co-hosted by National Paralympic Committee of China,