The impact of the global financial crisis on the cross-currency linkage of LIBOR–OIS spreads

This article examines the impact of global financial crisis on cross-currency linkage of the LIBOR–OIS spread, a financial stress measure in interbank markets. The impulse response analysis is conducted in a multivariate setting, adopting the bias-corrected bootstrap as a means of statistical inference. The overall evidence suggests that the crisis has substantially changed the nature of the cross-currency interactions in liquidity stress. Also global money markets have failed to contain stress in US dollar funding and the role of the Japanese yen as a liquidity source appears to be significant, while these two currencies drive the cross-currency system of liquidity stress.     

高校教师亚健康状态及主观因素分析

目前,健康已成为公众普遍关注的热点和焦点,健康的重要性正被越来越多的人所认识。高校教师是社会人才培养者,是国家最宝贵的人力资本,他们的健康问题已成为制约教师自身和高校协调发展的重要因素之一。引发亚健康状态的原因是复杂的,但教师自身的心理调节能力、行为生活方式、人际关系、缺乏体育锻炼等因素是造成亚健康状态的重要因素。正确认识亚健康状态以及形成的因素,方可进行有效预防和治疗。     

区域性金融服务产业集群的价值实现研究

区域性金融服务产业集群已经成为现代金融产业组织的基本形式之一,是区域经济发展的重要推动力量,实现其社会经济价值是其发展的应有之义。在界定金融服务产业集群概念的基础上,运用价值链理论,分析了金融服务产业集群的价值系统,构建了其价值链模型,并提出了区域性金融服务产业集群的价值实现途径。     

浅谈外墙保温体系面层裂缝产生原因及其控制措施

本文对外墙保温体系面层裂缝产生原因进行了系统的分析;提出了外墙外保温的抗裂机理以及控制措施;并对外墙外保温提出了相应的建议。     

论和谐高校图书馆建设的路径

和谐高校图书馆建设意义重大。要准确全面把握和谐高校图书馆的内涵和特征,采取有效的措施把高校图书馆建成和谐的图书馆,为建设我国的社会主义和谐社会做出应有的贡献。     

Regional differences in a national culture and their effects on leadership effectiveness: A tale of two neighboring Chinese cities

We argue that regional differences in a large culture influence leadership effectiveness. Studying the differences and their consequences on leader–member exchange (LMX) and the employee performances in two neighboring Chinese cities, our empirical results show significant differences between group supervisors in Hong Kong and those in Shenzhen. Hong Kong supervisors apply the LMX technique more aggressively, and also more successfully than their Shenzhen counterparts in terms of improving employee performance and reducing turnover.     

谈电力营销对策

文章针对广西百色市乐业县电力市场供电量多年来一直在低线徘徊,供电量上不去的现象,分析了影响电力销售市场的主要原因,并在此基础上提出了电力营销对策.     

事业单位会计如何做好基建财务工作

随着社会主义市场经济的不断发展,我国经济实力不断增强,相关事业单位的基建项目也日渐增多,使基建会计所处的客观经济环境发生了很大变化,对基建会计工作的要求也越来越高。由于对相关制度的学习检查不够以及会计人员自身素质等原因,一些基本建设单位存在会计核算不规范、财务管理不到位、监督职能未发挥等问题。     

Herding and bank runs

Traditional models of bank runs do not allow for herding effects, because in these models withdrawal decisions are assumed to be made simultaneously. I extend the banking model to allow a depositor to choose his withdrawal time. When he withdraws depends on his consumption type (patient or impatient), his private, noisy signal about the quality of the bank's portfolio, and the withdrawal histories of the other depositors. Some of these runs are efficient in that the bank is liquidated before the portfolio worsens. Others are not efficient; these are cases in which the herd is misled.     

高铁开通与城市创新研究综述

高铁网络的建设大大提高了中国铁路运输的效率,缩短了不同城市之间的时空距离,使居民在不同城市工作和消费成为可能。同时高铁服务通过加速人口和要素在区域间的流动,对城市之间的空间联系和城市社会经济的发展产生了重要的影响。高铁在影响经济格局的同时也深刻影响了区域的创新格局,现通过梳理相关文献,整理归纳了高铁开通对城市创新的影响及其作用机制,并对现有的实证研究方法进行总结。在此基础上提出目前存在的问题,为后续的研究指明方向。