全球房价飙升(英文)

House prices in industrial countries have increased unusually and rapidly in recent years,with their momentum seemingly little affected by the bursting of the stock market bubble or the subsequent global economic downturn.In some cases,notably Australia,I…     

India Raises Interest Rate to Battle Inflation

Home prices rose in August from a year earlier at the fastest pace since February 2006. But the price gains slowed in many cities from July, a sign that rising prices over the last year may have peaked.     

视界·外媒

Wall Street Journal华尔街日报Euro-Zone Business Activity Accelerates Business activity in the euro zone accelerated at the start of the second quarter,but companies cut prices they charged customers,a sign that the European Central Bank＇s worries over low inflation are far from over.     

英语角

IPO Year in Review2005 was a bumper year for initial public offerings. Record commodity prices, a resurgent interest in the internet and the growing importance of China as an economic force made 2005 the most valuable year for IPOs since the dot-com boom. France, whose politicians are renowned for their anti-capitalist rhetoric, witnessed the largest IPO for 20 almost five years. A record number of French men and women rushed to buy shares in Electricité de France. Gaz de France added t…     

CFO说

Wells Fargo&Co.CFO Tim Sloan Wells Fargo&Co.Chief Financial Officer Tim Sloan said he doesn’t foresee a new housing bubbleeven as home prices rise at more than10percent annually."Whenever you see a double-digit risein the valuations of any asset,whether it is a house or stock or anything,it is cause for some level of     

英语角

IMF is urging members to set stimulus plans The International Monetary Fund urged members to make plans to increase spending to stimulate economic growth and to rescue troubled financial institutions if the global housing-and-credit crunch worsens further.Policy makers world-wide need to "think the unthinkable", said the IMF's deputy managing director John Lipsky, because of the possibility of what he called a "global financial decelerator." Under that scenario, "a downward credit spiral driven by rising     

Shared Standard Setting in the Public Interest:A Strong Model

正The last two decades have been a definitive era in the evolution of the accountancy profession.In the wake of major corporate scandals at the turn of the century,an international public debate arose on the need for more effective and well-considered regulation;this debate then reignited during the global financial and sovereign debt crises.     

CFO说

E.ON Dividend CFO,E.ON Dividend German utility E.ON will pay a dividend of 50 cents a share for 2015.But Chief Financial Officer Michael Sen warned there was no guarantee such a policy would continue,given all-time low wholesale electricity prices,the drop in the oil price and uncertainty about who will pay for Germany’s nuclear exit."We see clouds gathering on the economic front,"Sen said."We must draw our conclusions from     

Two Risks to World Market

eyond our expectations of happy slowdown＇in 2007, we offer our first guess at the global economic picture in 2008, We expect global growth in 2008 to be higher than in 2007, not least due to a possible improvement in the U.S.. Our forecasts also suggest that the trend growth rate is on the rise in many parts of Europe （especially Germany and the UK）, as well as in significant parts of Asia （particularly China and India）, We also see few signs that this strong growth is generating higher inflation.     

Analysis of the Leadership and Organizational Culture——The Fall of Arthur Andersen

Arthur Andersen LLP is formerly one of the Big Five accounting firms in the world. However, in 2002, it voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States, and was out of the 89 years career in the audit profession. Meanwhile the global branches of the firm is revoked and acquisition. This thesis analyses this event from a leadership and organizational culture perspective. It will elaborate from three aspects, including the organizational culture, internal integration, external environment and changing.     

金融包容的逻辑起点及体系构建——兼论新背景下金融包容的推进与应用

鉴于国内对金融排斥、普惠金融、金融包容的研究还存在诸多分歧,地理学者和金融学者对其可达性及使用性维度仍有不同理解,从学术溯源的角度,通过梳理金融包容的历史沿革和内涵演化,界定不同理念之间的区别与联系,并结合最新的数字金融、虚拟集聚背景,提出“三度”“三维”“三协调”为一体的金融包容体系。从复杂系统论的角度,创新性地将其分为金融包容的协调体系、风险管理体系、创新体系、组织体系及传导体系,并探索了主流金融范畴的扩展、格莱珉模式的思考以及传递渠道的创新等,剖析了新的研究范式的不足,为未来理论研究和实践推进提供路径及展望。     

Africa in the 1990s and beyond: Alternative prescriptions and projections

This article examines the origins, dimensions and implications of Africa's crisis. It draws attention to the impact of historical experiences, the distortions and disarticulations of that experience, and to the coalitions, contradictions, crises and conflicts inherited at independence. It looks at postcolonial alignment and realignment of social and political forces, the crisis of accumulation and power, and the implications of the region's marginal location and role in the global division of labour and power. Calling for a need to transcend the manifestations of the African predicament, the article looks at regional and international responses to the crisis. It concludes by prescribing the need for a fundamental political restructuring, the empowerment of the people and their communities and organizations, a socially sensitive structural adjustment programme, and the recomposition of the content and context of politics and social relations.     

中国上市公司财务指数编制:意义、思路与实现路径

本文在简要介绍中国上市公司财务指数研究的基本背景和研究过程的基础上,系统分析了上市公司财务指数编制的理论与现实意义、指数性质界定及其构成,以及指数编制的基本思路和关键问题。我们认为,编制中国上市公司财务指数是对会计信息和财务分析的拓展,与传统会计和财务信息相比,财务指数的信息更具综合性、动态性、系统性,是对传统会计与财务分析理论的拓展与升华;科学合理的指标选取、指标赋权和指数生成方法是编制财务指数的关键;公开、可重复收集的数据基础和恰当合适的编制与发布主体也是财务指数研究和编制中的两个重要问题。     

审计人员思想方法影响因素研究

思想方法是人们认识事物和研究问题最为根本的思维方式,对于人们的实践过程具有深远的影响。本研究基于已有研究文献,应用心理学、社会学、哲学等学科相关理论分析分别找出影响审计人员思想方法的主观因素和客观因素,其中主观因素包括认知维度、情感维度、价值维度和意志维度,客观因素包括个体先天因素、生理心理特征、认知水平和知识结构、个体经历经验、文化环境、经济环境和制度环境、个体岗位和职级。实证研究结果发现,主观因素中的认知维度、情感维度、价值维度、意志维度对审计人员的思想方法具有显著性影响,而客观因素中仅有认知水平和知识结构、个体经历经验、个体岗位和职级对审计人员的思想方法具有显著性影响。     

Spillovers and connectedness between major precious metals and major currency markets: The role of frequency factor

We examine the volatility spillovers and hedging characteristics between four major precious metals futures (gold, palladium, platinum, and silver) and seven major currencies (Australian dollar, British pound, Canadian dollar, Chinese yuan, Euro, Japanese yen, and Swiss franc) at three time horizons (short term, intermediate term, and long term). We draw our empirical results using the index methods of Diebold and Yilmaz, 2012, Diebold and Yilmaz, 2014 and Baruník and Křehlík (2018). The results show that the precious metals, except for gold, have the largest spillovers on the Australian dollar and Canadian dollar and receive the largest spillovers from these currencies for all the time horizons. In addition, with the exception of gold, the smallest spillovers from the precious metals are exerted on the Japanese yen and Chinese yuan and these currencies have the smallest spillovers to the precious metals. The Japanese yen and Chinese yuan act primarily as spillover receivers, whereas the other currencies act as both spillover transmitters and receivers in different time periods. The spillovers for most of the pairs are asymmetric for all the time horizons, are more pronounced in the short term, and noticeably increase during times of financial and economic uncertainty. Finally, adding precious metal futures contracts to currency portfolios provides diversification and hedging advantages, with hedging effectiveness higher in the short term than in the intermediate and long terms.     

用物联网构筑“智慧金融”

本文探讨物与物、人与人、人与物之间进行信息交换和通信的物联网概念,分析美国、欧盟、日韩和中国物联网的发展现状和未来,提出物联网从提高金融业务的效率和安全性以及金融业务管理和服务、检查交易真实性、质押物监管和定制服务、监控和管理受控人员和以及保险业的实时监测服务等方面构筑的＂智慧金融＂。     

民间借贷与非法集资交叉案件裁判研究

民间借贷发轫于民间,其建立在个体信用基础之上,这种基于血缘、亲缘、地缘、业缘关系的个体信用容易监督,具有稳定性但不具有成长性。非法集资是以非法占有为目的,以虚构事实、隐瞒真相、虚假宣传的欺骗方法向不特定社会公众集资的犯罪行为。在我国,非法吸收公众存款、集资诈骗、高利转贷等相关联罪名均被列入非法集资。民间借贷与非法吸收公众存款、集资诈骗等刑事纠纷交织在一起,使当事人之间法律关系的性质难以准确判断,因此,民间借贷和非法集资刑民交叉案件成为司法实践中的＂疑难杂症＂,回答这个现实问题,会受到如金融机构、市场、监管机构、公安机关、司法裁判机构等一系列因素的影响。本文从交叉案件现象、交叉案件实体法律关系研究、交叉案件程序处理方式研究、交叉案件裁判研究四方面展开,归纳民间借贷和非法集资刑民交叉案件的法律要点和裁判要旨,形成判断罪与非罪、罪轻与罪重的司法指引。     

行为视角下的疫情分析:成因、影响与对策综述

本文从流行性传染病特征和医学传染病模型出发,对影响疫情的非理性因素、疫情的直接与间接结果进行文献综述,分析极端事件中的反应不足与过度反应。在成因上,本文梳理了不完全信息贝叶斯学习和显著性理论等决策行为假说,来理解人们行为背后的信息处理机制和情感作用渠道。在结果上,疫情及有关政策对经济金融活动的直接影响尚缺准确评估,恐慌情绪与羊群行为、社会信任危机、风险态度转变及异质性信念等疫情间接结果也有待深入研究。最后,本文基于已有文献和疫情行为分析,对未来学术研究及政策管理提供思路和建议。     

货币政策和宏观审慎政策的关联及启示——基于英格兰银行的经验

时至今日,宏观审慎政策在内涵、工具和框架等方面快速发展,不仅政策目标更加清晰,工具类型更加丰富,相关理论基础也在不断完善。作为危机后形成的新政策框架,宏观审慎政策在工具有效性、作用机制、政策框架设计及与货币政策的关系方面都还有待深入研究。特别是在制度框架中,如何考虑宏观审慎政策与货币政策的关联,合理设计政策决策框架均已成为关键。对中国而言,系统风险识别、监测与分析更加复杂、困难,需要对宏观审慎政策开展更加精细、深入研究,尤其应吸收借鉴国际经验,建立、完善适合中国的宏观审慎政策框架。基于此,本文首先对宏观审慎政策的理论基础、政策目标及工具等进行系统综述,而后从两类政策关联中涉及的三个重要问题出发,着重分析宏观审慎政策与货币政策之间关系,并分别从组织架构设计、货币政策框架改革、金融政策框架设计等方面,系统介绍了英格兰银行在货币政策和宏观审慎政策框架改革的经验,重点阐述英格兰银行如何实现理论发展与制度设计的较好融合。最后,给出我国宏观审慎政策发展的若干启示和政策建议。     

企业持续竞争优势的决定及企业核心竞争力的源泉

本文分析企业持续竞争优势的决定和企业核心竞争力的源泉。首先对企业资源、关键资源、企业能力、核心能力、企业竞争力、核心竞争力进行了概念上的界定,并分析了企业资源、能力和行业结构在企业竞争优势的决定中所起的作用,从而提出基于静态分析的企业竞争优势决定模型;然后本文从动态分析的角度对企业持续竞争优势和企业竞争优势加以区别,并提出创新性知识资源和创造性核心能力的概念,进而提出了基于动态分析的企业持续竞争优势的决定模型和企业核心竞争力的源泉。