央行外汇市场干预与协调国内货币政策

我国央行的汇率政策目标已演变成稳定汇率的单一目标,央行频繁地对外汇市场进行冲销干预,使人民币对美元的名义汇率处于超稳定状态,这种汇率政策的施行与国内货币政策目标可能协调,也可能发生冲突。国家应采取综合治理的办法,提高人民币汇率波动的弹性,大力发展债券市场回购,以加强对基础货币的调控     

Urban expansion in contemporary China: What can we learn from a small town?

Rapid physical expansion of urban land use is widely observed in Chinese cities. Although there is a consensus that economic liberalization and decentralization of administrative responsibilities explain the urban changes, it is not clear whether or not actual economic and population growth is the only cause of urban expansion. By using a small town as a case study, this paper shows that urban expansion is a combined outcome of actual needs, planning preparations, profit-seeking, and more importantly, the approach used by local government to achieve economic ambitions. Findings show that local economic and demographic changes do contribute to land-use expansion, but a local development approach that uses urban expansion to improve the competitive edge of the locality plays a critical role. A pro-growth coalition consisting of top local government officials, state work-unit leaders, and developers, whose interests align for short-term gain in economic and political terms, guarantee the mobilization of resources for carrying out the rapid urban expansion, and a vision of the local economic success. These findings add in a new dimension that is not yet seen in the study of China's urban expansion.     

Consumer awareness and willingness to pay for safety of street foods in developing countries: a review

Street food vending is still popular in developing countries despite the giant stride recorded in the areas of food processing and global food supply in the last century. Its contribution to the socio‐economic development of the countries is evidenced by the volume of trade involved and provision of employment for significant portion of rural and urban populace. However, there has been persistent global concern on the risks of street food to the health of consumers because of the attitudes of practitioners throughout the chain. This review summarizes the findings of studies on awareness and perceptions of street food consumers to the hazards involved in street food, and their willingness to pay (WTP) premium for safety intervention. The major limitation to WTP is the extra cost that could result from the implementation of reports of WTP studies which could disenfranchise those consumers that may not be able to afford the premium. This review, therefore, recommends the formulation and enforcement of appropriate public policies that would cover the entire chain of street food vending for the safety of everybody along the chain and the protection of the health of the consumers.     

产业同构与产业选择:理论综述

从产业同构的价值判断、影响因素和测度方法以及产业选择的基准和方法5个方面,对产业同构和产业选择的相关理论研究进行了综述,旨在为分析当前中国区域经济突出的产业同构问题提供理论基础。指出:分析产业同构问题,应注意区分"合意性趋同"和"非合意性趋同",主要围绕政府行为寻找成因;为避免非合意性产业同构而进行产业选择时,应综合考量国际基准和国内基准,可从要素配置效率的角度出发进行主导产业选择。     

我国不良资产处置问题的法学分析——基于法律文本与经济法视角

不良资产的处置事关金融、经济乃至政治秩序的稳定。基于法律文本的考察,不良资产处置的规范性文件呈现出立法位阶低、效力不强等特征。政府对不良资产的处置体现了政府的干预,从经济法的视角看,它体现出一种激进的、强制的制度变迁特色,并带有路径选择的特征。从经济法的视角看,对不良资产处理问题的克服应从遵循市场规则、依法监管、完善责任制度。     

地震灾害、创伤记忆与媒体的“心理危机干预”

地震不仅造成生命与财产损失。还有生理与心理的创伤。大众传媒不仅要沟通危机信息、承载创伤记忆,还要对记者的职业创伤、受众“不在场的悲伤”与幸存者的创伤体验担当心理援助的功能。传媒参与心理危机干预的传播效果如何,与传者的心理学专业素养、媒介内容生产的心理诉求以及媒介组织行为息息相关。     

Asymmetric Exchange Rates and Unofficial Exchange Rate Interventions: The Case of South Korea

Applying Milton Friedman's ‘plucking’ model of output fluctuations, we investigate the behavior of the Korean won/dollar exchange rate using a state-space model with Markov switching, which incorporates both symmetric and asymmetric shocks. We find that the Korean won/US dollar exchange rate rarely falls below its trend, but is plucked upward from time to time by transitory shocks. This asymmetry suggests that the monetary authority unofficially intervenes in the foreign exchange market to support its own target level from below. Further evidence from changes in reserve assets indirectly supports our finding.     

Coming to Terms with Leisure and Globalization

Abstract

This article is concerned with the engagement of leisure studies as an academic field and as organized, professional intervention with the phenomenon of globalization, using the exemplificatory case of the World Leisure and Recreation Association’s (now World Leisure’s) Sao Paulo Declaration on Leisure and Globalization as a point of reference. Deploying a combination of globalization theory and ‘autoethnographic’ research in relation to instances of mediated leisure culture, it reflects on conceptual imprecision and potential contradictions in the Declaration as indicative of wider problems in the disciplinary field. Leisure studies researchers are enjoined to avoid complicity in promoting both dystopian and utopian versions of globalization theory, and sceptically to assess the complex interaction of globalizing and other macro/micro processes. The article concludes by arguing for a wide‐ranging, critically reflexive leisure studies research agenda supported by principled strategic interventions in leisure power relations.     

The Real Effects of Financial Sector Interventions during Crises

We assess the importance of supply‐side credit market frictions by studying the impact of bank recapitalization on firm growth in 50 countries during the recent crisis. Our identification strategy exploits the crisis as a shock to credit supply and combines an exogenous measure of firms’ dependence on external financing with policy interventions aimed at restoring bank capital. We find that the growth of financially dependent firms is disproportionately positively affected by bank recapitalization. This effect is quantitatively important and robust to controlling for other policies. These results provide new evidence of the influence of credit market frictions on economic activity.