商业银行理财产品对广义货币供应量统计的影响

商业银行理财产品规模的变化导致存款余额的相应变动,使得针对现金和存款进行统计的广义货币供应量受到影响,但并非是"理财增加=广义货币供应量减少"或者"理财减少=广义货币供应量增加"的简单关系。表内理财产品对现行广义货币供应量统计并不产生影响,而表外理财产品是否影响广义货币供应量,则取决于其资金运用方向,影响主要体现在理财资金可能滞留在金融体系内部(体现为同业存款),从而导致广义货币供应量统计失真。受商业银行理财产品的影响,现行广义货币供应量明显低估,通过资金运用方向的估算方法,可以较为准确地测算出货币供应量的实际变动趋势。     

Wealth and the demand for money: Empirical evidence for the Netherlands and Belgium

Summary This paper examines the impact of wealth on the demand for money in The Netherlands and Belgium. The empirical analysis reveals a substantial influence of wealth on the demand for money. For The Netherlands, incorporating wealth effects mitigates the volatility of the monetary picture. For Belgium this is not the case, indicating that interest and inflation rates are very important for understanding the monetary developments.We are indebted to Michel Dombrecht of De Nationale Bank van België for providing the data on wealth for Belgium. Helpful comments by Professors S.K. Kuipers and F.C. Palm are gratefully acknowledged.     

基于广义资本的财务报告研究

传统的财务报告建立在"经济人""利润最大化"的理念之上,虽然能在一定程度上反映企业的财务状况、经营成果和现金流量,但随着新经济时代的到来、"以人为本"理念的深化、可持续发展观的不断拓展,企业已不再仅致力于最大化的利润,而是谋求企业价值最大化。在这样的背景之下,资本的外延不断拓宽,从而产生了包含人力资本、组织资本、生态资本、科技资本、社会资本在内的广义资本。传统的财务报告也正在经历向基于广义资本的财务报告过渡的阶段。本文针对传统财务报告的缺陷,介绍了基于广义资本的财务报告,指出了资本概念泛化以及引入财务报告的必然性和可行性,得出了基于广义资本的财务报告是财务报告发展的必然趋势,但仍有许多问题需要解决的结论。     

兰州公交宽带智能小区解决方案

本文对宽带智能化小区建设中出现的问题进行了分析,并根据实际提出了解决方案。     

大安全观视角下的环境安全

针对近年来环境安全的研究现状,提出以大安全观的视角研究环境安全的问题,这一新的研究思路。环境安全作为广义安全的重要分支科学之一,其不再只是片面的"安全"问题或"环境"问题,而是一个突破传统安全思想的非传统安全问题。对于环境安全的理解需要人们理解非传统安全的思想,树立大安全观的理念。大安全观的实质是采用了一个安全的概念和视角,将只关注日益恶化的狭义环境问题上升到关注生态、资源、灾害等领域的广义环境问题,从而揭示了环境安全研究的核心科学问题,具有重要的研究意义和前景。     

The role of banks in the Czech monetary policy transmission mechanism

With this work, I aim to enrich the knowledge about the monetary policy transmission mechanism in the Czech Republic with empirical evidence on the impact of monetary policy on bank lending. Using a panel of quarterly time series for Czech commercial banks for the period 1996–2001, I study the overall effect of monetary policy changes on the growth rate of loans and the characteristics of the supply of loans. The characterization of the credit market's supply side allows us to make inferences on the operativeness of the credit channel (the bank lending channel and the broad credit channel) of the monetary transmission mechanism. I find that changes in monetary policy alter the growth rate of loans, with considerably stronger magnitude in the period 1999–2001 than in the period 1996–1998. From the analysis intended to capture the characteristics of the supply of loans, I conclude that the lending channel was operative in the period 1996–1998: I find cross‐sectional differences in the lending reactions to monetary policy shocks due to the degree of capitalization and to liquidity. For the subsequent period 1999–2001, the results also show distributional effects of monetary policy due to bank size and its bank's proportion of classified loans. In the context of steadily decreasing interest rates, this can bolster the supposition of financial frictions between borrowers and lenders and hence, that of an operative broad credit channel.     

人大制造看自然改造与科技共性

从广义制造业的角度探讨了人类在用科技探索自然的过程中所面临的创新、体制、跨学科、人文艺术、人才培养等一些共性问题。     

李逵与板斧

象征,是施耐庵常用的一种艺术表现手法。“板斧”作为一个反复出现的象征工具,在《水浒》中对李逵这一农民起义英雄的描述中起到了不可替代的作用。本文论述了小说中“板斧”的象征意义及其在描述人物性格中所发挥的意象整合使用。     

中国共产党利益整合的宽广视阈

充分发挥利益整合功能,是政党执政的一项根本性原则。“始终代表中国最广大人民的根本利益”,是中国共产党必须始终遵循的执政规律之一,也是我们党充分发挥利益整合功能的宽广视阈。