聚焦“两会”：对策与献策——应对金融危机，有关对策的特别关注与特别说法

2009年的全国“两会”,是在全球金融危机的背景下召开的,如何应对这场危机自然成为媒体关注的焦点。危机之中的应对之策怎样具体体现？在受危机冲击影响最大的地区的地方政府有怎样的应对之策？本刊记者赶场地跑会,追求新闻的共享（参看本栏目文章《应对金融危机,有关对策的特别关注与特别说法》）,提供有关这方面的权威解读。应对金融危机不是短期内就可以有成效的,况且中国本身就有中国的问题,偏偏又遭遇这场危机,那么,未来如何发展？能否把解决中国的问题和应对这场危机协调起来？对此,被采访的政协委员从各自专业角度发表了看法（请参看本栏目文章《全国政协委员献策应对危机》）。     

欧债危机影响中国经济的途径与应对之策

欧债危机虽然对中国直接冲击不大．但间接影响明显,欧债危机主要通过贸易途径、金融途径、非接触性传导等种途径影响中国经济     

金融危机与我国商业银行应对策略

自2008年以来,由于国际金融危机不断蔓延,我国经济增长明显放缓,我国商业银行开始面临前所未有的挑战。如何有效应对经营环境的巨大变化,实现持续、健康、稳步发展,是摆在国内商业银行面前亟待解决的重大课题。     

在变革中摆脱困境——亚太国家与地区的国际金融危机应对之策

日本、韩国、中国香港和澳大利亚等部分亚太国家和地区应对金融危机采取了各种举措,但是,各个国家都强调共同应对危机,希望2009年是变革的一年,世界各国通过协作共同走出金融危机的泥潭     

中小企业贷款难的成因及对策

面对经济全球化和日趋激烈的市场竞争形势，中小企业相对于大企业．在发展中遇到了较多的经营困难，其中融资难尤其是向商业银行贷款难，是制约其迅速发展的一大瓶颈。据悉，某市2003年各类金融机构贷款余额中中小企业贷款仅占6．1％，极为有限的融资规模与中小企业经济的快速发展形成了强烈反差。     

应对金融危机的财政货币政策研究

2008年9月世界金融市场风云突变,把全球推向了上世纪30年代经济大萧条以来最严重的金融危机之中,这场危机冲击了各国经济发展和人民生活水平的提高。关注危机演变、防范经济增长下滑的风险已成为各国的当务之急。应对危机挑战,需要搞清楚危机产生的原因及影响问题。     

国际金融危机下的应对之策

如果以新世纪金融公司申请破产保护为开端,在短短不足两年时间里美国次贷危机不断升级。随着华尔街5大投行全部消失,美国、欧洲众多商业银行倒闭或被兼并收购,华尔街金融风暴已席卷全球主要金融市场。现     

疫情对农业经济的冲击与金融应对之策

新冠疫情的爆发,对我国农业生产、流通、消费带来全面的影响。论文对疫情下农业经济受到的冲击进行了梳理,对农业生产由此即将产生的变革作了判断。进而,在对农村金融部门支农抗疫实践进行调研分析的基础上,论文提出农村金融要解决当前服务短板、采取措施应对疫情后"三农"的发展变化等相关对策。     

金融危机对黑龙江省经济的影响与对策

由美国次贷危机引发的国际金融危机,已经对我国沿海地区经济产生冲击,随着金融危机进一步加深和向实体经济蔓延,对黑龙江省经济发展的影响正逐步显现,而且还呈继续加大的趋势。     

全球经济的不确定因素与中国的应对之策简

2013年的全球经济,尽管一度受到美国“财政悬崖”和QE退出的惊扰,新兴经济体也经历了一波小型的金融动荡,但总体上保持了平稳发展,并未出现类似于次贷危机或欧债危机的大型风险事件。岁末年初,对全球经济做一展望,可以看到未来仍面临着四大不确定因素,可能会对下一步的经济复苏造成冲击。中国需要对这些不确定性因素保持警惕,并及时应对。     

金融危机条件下美联储新货币政策工具的运用

次贷危机爆发后,美联储根据本国金融市场变化情况,在《联邦储备法令》的授权下,创设了包括定期标售工具、定期证券借贷工具、一级交易商信用工具、货币市场投资者融资工具在内的7种新型货币政策工具,旨在为各类金融机构提供流动性支持,鼓励金融机构的放贷积极性,及恢复金融市场功能。该文详细介绍这些新型货币政策工具的操作规则及市场功能。     

我国商业银行应对金融危机的思考与对策

本文在简要分析当前国际金融危机成因及教训之后,着重对我国商业银行如何应对金融危机问题作了初步探讨。     

The regulatory response to the financial crisis

There are numerous aspects concerning financial regulation which the current financial turmoil has high-lighted. These include: (1) the form of deposit insurance; (2) bank solvency regimes, ‘prompt corrective action’; (3) Central Banks’ money market operations; (4) commercial bank liquidity risk management; (5) procyclicality of CARs (and mark-to-market); lack of counter-cyclical instruments; (5) boundaries of regulation, conduits, SIVs and reputational risk; (6) crisis management: (a) within countries, e.g. UK Tripartite Committee; or (b) cross-border, how to allocate the burden of cross-border defaults? This paper describes how the crisis exposed regulatory failings, drawing largely on UK experience, and suggests remedies.     

Resilience to the financial crisis in customer-supplier networks

Inspired by the Capital Asset Pricing Model (CAPM) beta, we construct customer and supplier betas to separately investigate potentially different properties of downstream and upstream linkages. With the adjacency matrix acting as a ‘filter’ to extract each company's return covariances with its trading partners, the cross-sectional dependence contained in the customer-supplier network is summarized by our betas. We explore how these two betas are related to a company's resilience to the financial crisis of 2008–2009. We observe that a higher customer beta is generally associated with more resilience during the crisis. Therefore, investors could construct the customer beta to gain insights into the relative negative impact of a potential crisis on a stock's performance.     

试析金融企业上市问题

民生银行上市预示着中国金融企业上市大幕正在徐徐展开,中国证券市场将真正出现名副其实的金融板块. 一、中国金融类上市公司现状 到目前为止,我国金融类上市公司共有7家,如果考虑间接控股证券公司的上市公司,那么共8家金融类上市企业:银行三家,即深发展、浦发银行和民生银行;证券公司两家,即宏源证券和数码网络,宏源证券2000年3月才改组成证券公司,数码网络之所以可以归为证券类上市公司,主要因为数码网络公司拥有青海证券93%的股权,因此数码网络可以视为青海证券借以上市的壳资源.     

财富效应抗御金融危机

政府应该怎样控制财富 记者:中国资本输出的形态目前正在发生变化,从中海油、京东方、联想、TCL等产业层面的并购,到现在出现了外汇投资公司投资黑石集团、国家开发银行投资入股巴克莱银行,您觉得这种变化有什么意义?     

Credit distortion and financial crisis

A simple and consistent theory based on credit distortion is developed to understand the origin of financial crises in the emerging markets. We prove that without the guarantee of various government agencies on the credit risk of foreign loans, the interest rate on foreign loans would be the same as the domestic loans, which would eliminate the incentive to borrow foreign loans on a great scale. We demonstrate that the common phenomena preluding the crisis, such as heavy foreign borrowing and overinvestment in real estate, are rational choices when a particular currency is overvalued and cheap credit is available.     

Global financial crisis: The challenge to accounting research

Accounting practices are deeply implicated in the current financial crisis and in proposals for recapitalizing financial institutions and restoring stability to the global financial system. This essay discusses the methodological and theoretical gaps in accounting research that explain our failure to anticipate the crisis and limit our ability to analyze and respond to it.     

美国金融危机发生机理

每一次金融危机都有一次的表现,每次的运转、演变过程都不一样,都有一个演变机制。那么这次美国金融危机是在什么地方启动的？如何演变的？又怎样推演到全球？问题出在哪里？采取怎样的措施拯救危机？这里涉及到一个机理     

Responses by Australian auditors to the global financial crisis

We examine the impact of the global financial crisis (GFC) on auditor behaviour in Australia. Using a sample of listed companies, we examine whether the GFC impacted the propensity of auditors to issue going concern modifications and increased audit effort as reflected in audit fees and audit reporting lag. Controlling for client characteristics, we find an increase in the propensity to issue going concern opinions during the period 2008–2009 compared with the period 2005–2007 and that Big N auditors responded to the GFC earlier than non‐Big N auditors. In relation to audit effort, we find evidence of increased audit fees during the period 2008–2009 compared with the period 2005–2007. There is, however, no evidence of increased audit reporting lags during the GFC.