The Determinants of Net Interest Margins of Commercial Banks in Mainland China

This paper studies empirically the determinants of Chinese commercial banks' net interest margins from 1996 to 2003. It applies an extension to the Ho and Saunders (1981) model to identify the elements affecting net interest margins. The results indicate that the determinants of net interest margins in the Chinese market include market competition structure, average operating costs, degree of risk aversion, transaction size, implicit interest payments, opportunity cost of reserve, and management efficiency.     

中国林业经济增长方式的转变——必要与可能

粗放型的林业经济增长方式已严重地阻碍了中国林业经济的进一步发展 ,林业经济增长方式的转变已势在必行。这种转变既是必要的 ,又是可行的 ,应努力促成这一转变     

融资融券和股指期货对中国股市的影响：国别经验和初步评估

通过比较部分国家和地区推出融资融券和股指期货对股票市场的影响，并就中国融资融券和股指期货相关政策法规设计对股票市场的影响以及股票市场可能出现的问题和风险进行初步评估，结果表明融资融券和股指期货能够在一定程度上提高市场流动性，且在推出初期可能会加大市场波动；但长期而言必将有利于市场的稳定；也会带来市场结构调整的进一步深化以及交易策略、产品等的创新；同时还将对风险监管、指数权重股的交易监管带来新的挑战，     

论高职高专大学英语词汇教学指导原则

着重从6个方面对英语词汇教学进行了探讨。     

国外美食与旅游研究述评——兼谈美食旅游概念泛化现象

饮食作为旅游体验中重要的组成部分,受到不少学者的关注,已积累了丰富的研究成果.21世纪初更是提出了以美食为核心的旅游,成为特殊兴趣旅游中的重要分支.文章对于国外美食与旅游的相关文献从“旅游中的饮食”和“美食旅游”两个方面进行了归纳和梳理.文献研究发现,作为旅游产品组成的饮食和美食旅游,这两个概念在研究过程中存在着相互替代、界限模糊的现象.而美食旅游概念泛化现象将导致研究过程中美食旅游者数量被人为放大,美食旅游对旅游目的地贡献被高估,真正的美食旅游者需求被忽视.文章提出要从美食在旅游过程中的中心性出发讨论美食旅游、美食旅游者和美食旅游者的体验.     

The relevance of supply shocks for inflation: the spanish case

A retrenchment in crossborder credit is under way, the product of both market forces and political pressure on international banks to lend at home (Economist, 2009). In addition, banks, particularly the largest, have also dramatically expanded their retail banking operations over the past few years (Hirtle and Stiroh, 2007). Our goal, in this article, is to study the effects of default risk on equity returns through bank interest margin management under a renewed focus on domestic retail banking, a trend often attributed to the stability of banking activities. Specifically, this article explores the determinants of optimal bank interest margins based on an option-based firm-theoretical model with multiple sources of structural breaks due to political pressure. The model demonstrates how capital regulation and political pressure on foreign lending return and risk conditions jointly determine the optimal bank interest margin decision. We show that a more stringent capital requirement is linked with lower equity return, but higher default risk of the bank in the return to domestic retail banking. An increased focus on the political pressure on foreign lending return is linked with higher equity return and default risk of the bank. It is also showed that an increased focus on the political pressure on foreign lending risk decreases the bank's equity return and default risk. We conclude that the return to domestic retail banking may be a relatively stable activity when the political pressure decision impacts only the expected risk of the bank's foreign lending and not the return.     

基于多指标可拓评价的企业管理变革与信息化建设融合效果评价方法研究

信息技术发展为企业管理变革提供难得的实施机遇，而管理变革如何有效与信息化建设融合则成为企业面临的一个重大难题。针对企业管理变革与信息化建设融合的现实需求提供了一种决策方法，科学客观地引入相应的评价指标体系，利用熵值法确定各个评价指标的权重，应用可拓学的物元模型建立多指标可拓评价方法，并以某企业为实例将该方法进行应用评价企业管理变革与信息化建设融合的效果。     

中国人力资本收益不足的症结分析

加大人力资本投资对发展中国家的市场化建设和经济增长将起到积极的促进作用。虽然中国人力资本投资不断加大，但人力资本收益却不高，其原因主要有分工演进不足导致人力资本投资浪费以及粗放型生产方式使人力资本成为弱势要素。所以，应加深分工水平的横向和纵向发展，加强集约型生产建设，提高中国人力资本收益。     

Political patronage in Ukrainian banking1

This paper empirically investigates the link between political patronage and bank performance for Ukraine during 2003Q3–2005Q2. We find significant differences between politically affiliated and non‐affiliated banks. The data suggest that affiliated banks have significantly lower interest rate margins and increase their capitalization. Furthermore, we show that the level of activity of affiliated deputies in parliament has a positive (negative) impact on banks’ capitalization ratio (interest rate margin). Our findings imply, in line with the related literature, that political affiliation has important effects on banks’ behaviour.