The Impact of Foreign Banks on Monetary Policy Transmission During the Global Financial Crisis of 2008–2009: Evidence from Korea

This article examines the impact of foreign banks on the monetary policy transmission mechanism in the Korean economy during the period from 2000 to 2012, with a specific focus on the lending behavior of banks with different types of ownership. Using bank-level panel data of the banking system in Korea, we present consistent evidence on the buffering impact that the foreign banks, especially foreign bank branches including US bank branches, on the effectiveness of the monetary policy transmission mechanism in Korea from the bank-lending channel perspective during the global financial crisis of 2008–2009.     

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.     

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.     

Does a factor Phillips curve help? An evaluation of the predictive power for U.S. inflation

This article evaluates various models’ predictive power for U.S. inflation rate using a simulated out-of-sample forecasting framework. The starting point is the traditional unemployment Phillips curve. We show that a factor Phillips curve model is superior to the traditional Phillips curve, and its performance is comparable to other factor models. We find that a factor AR model is superior to the factor Phillips curve model, and is the best bivariate or factor model at longer horizons. Finally, we investigate a New Keynesian Phillips curve model, and find that its forecasting performance dominates all other models at the longer horizons.     

关于"做大"和"做强"的几点看法

对于中国船舶究竟是该先做大再做强,还是先做强再做大,抑或是以大促强的问题,业内一直存在着不同的看法.有学者认为中国船舶工业过分重视扩大生产规模,而在做强上努力不够.同时也有学者认为,"以大促强"是现阶段我国船舶工业发展的必由之路.对此,笔者谈一点个人看法.