全球金融危机下我国经济稳定发展的对策分析

中国经济可持续发展的态势不会因为金融经济危机而改变。尽管金融经济危机在近期会对中国经济可持续发展带来一定的影响,但是可以从构建和谐社会、贯彻落实科学发展观、转变发展方式、加快经济国际化进程等方面采取措施以有效化解金融经济危机的冲击,并促进中国经济实现可持续发展。     

金融危机后的品牌营销

如果要说这一次金融危机下广告主最大的变化,那就是对广告的要求也变高了,分众传媒总裁江南春最近也表示：金融危机之后,广告主有3点新变化：一是广告主对精准化要求越来越高;第二,不仅要求品牌知名度上升,还要看有没有推动销售;三是对时空的独到性有要求。江南春的这席话,应该是对当前市场比较客观的看法。     

The Asian miracle and crisis

The high growth performance of a number of South-East Asian countries led to their being baptized ‘miracle growth economies’ by the World Bank. The following paper reviews the theories and stylised facts relating to the sudden reversal in this miraculous growth saga. The reasons for the failure of the first phase of the IMF rescue package are examined and the need for the establishment of a new global financing architecture outlined.     

浅谈金融危机的原因及影响

本文讲述了金融危机产生的原因与实在,并分析了其带来的影响.     

金融危机后的钢铁企业财务战略

鉴于钢铁行业的现存特点,消减过剩产能、进行大规模重组是钢铁行业发展的最佳出路.面对国际金融危机的挑战,企业应当重新审视自己的发展战略,并根据自身特点调整发展战略.     

金融危机下对金融工具的公允价值计量思考

金融风暴席卷全球,从美洲、欧洲到亚洲,无一不受到波及.事实证明,此次风暴来袭,首当其冲的就是金融资产,其市场价值应声而落,惨不忍睹.为此,各国政府积极应对,纷纷出台了一些应急办法,以减缓危机带来的金融资产账面大幅缩水的局面,其中就包括修改"公允价值"的计价规则.     

The effect of the financial crisis on systemic trust

Policymakers throughout Europe are faced with the challenge of re-establishing trust, and especially systemic or institutional trust, that has been lost in the wake of the financial crisis. This paper looks at recent empirical evidence concerning the reaction to the crisis in terms of citizens’ diminished levels of systemic trust. Special attention is paid to the confidence invested in political institutions at the European and the national level, on the one hand, and in the free market economy, on the other.     

金融危机下的新疆伊犁州与中亚国边贸的优劣势

新疆伊犁哈萨克自治州作为我国向西开放的桥头堡,与中亚国家贸易加强,边境贸易取得长足的进步,伊犁州外贸以其鲜明的特色,决定其在金融危机下边贸的优劣势和未来反展的前景.     

论企业财务危机的成因及其对策

本文探讨了企业财务危机的成因及其对策.     

The global financial crisis and Islamic finance

The conventional view holds that the current global financial crisis was caused by extraordinarily high liquidity, reckless lending practices, and the rapid pace of financial engineering, which created complex and opaque financial instruments used for risk transfer. There was a breakdown of the lender‐borrower relationship and informational problems caused by a lack of transparency in asset market prices, particularly in the market for structured credit instruments. There was outdated, lax, or absent regulatory‐supervisory oversight; faulty risk management and accounting models; and the emergence of an incentive structure that not only encouraged excessive risk taking but also created a complicit coalition of financial institutions, real estate developers and appraisers, insurance companies, and credit rating agencies whose actions led to a deliberate underpricing of risk. Such a crisis would not have occurred under an Islamic financial system—due to the fact that most, if not all, of the factors that have caused or contributed to the development and spread of the crisis are not allowed under the rules and guidance of Shariah. The current global financial crisis is largely seen as a real test of the resilience of the Islamic financial services industry and its ability to present itself as a more reliable alternative to the conventional financial system. © 2011 Wiley Periodicals, Inc.     

The role of trade credit in the recent subprime financial crisis

This study tests firms’ financing behavior, especially the causal relation between trade credit and bank credit around the time of the recent subprime financial crises. I find bank credit and accounts payable/receivable are simultaneously determined and there is a substitute/complementary effect between bank credit and accounts payable/receivable. Moreover, I test a cross-sectional response to crisis and find that firms with a more vulnerable financial position (i.e., financially constrained firms) are more likely to be negatively affected by crisis and, in turn, are more likely to cut their supply of credit to customers and increase their use of credit from suppliers.     

The impact of the financial crisis on the real economy

The cost of the financial crisis to the real economy has so far remained underexamined, probably because of the difficulty in making such an assessment. The crisis was precipitated by an unsustainable bubble that artificially inflated economic figures, so what should be used as a benchmark for measuring the effects of the crisis on the real economy? How reliable are current estimates of the output gap? Could overestimating this indicator lead to underestimating the current risk of inflation? Finally, what effect will the crisis have on the declining long-term productivity gains in Europe and the USA, and what does this mean for potential output?     

Dealing with the Asian crisis

Analysts broadly agree on the causes of recent crises in East Asia. Nevertheless, deep controversy exists on appropriate therapy. Especially the International Monetary Fund is under attack. The way of dealing with financial turbulence may have important repercussions on countries within and outside Asia. Risks for the world economy as a whole tend to be underrated so far.     

Pricing dynamics of index options and index futures in Hong Kong before and during the Asian financial crisis

This article studies the impact of the Asian financial crisis on index options and index futures markets in Hong Kong. We employed a time‐stamped transaction data set of the Hang Seng Index options and futures contracts that were traded on the Hong Kong Futures Exchange. The results show that during the crisis period, the arbitrage profits, and the standard deviations of these profits increased in both ex‐post and ex‐ante analyses. In a market turbulent time, market volatility brings a higher arbitrage profit level. However, despite the increased market volatility, the profitability of the arbitrage trades declined substantially with longer execution time lags in the ex‐ante analysis. This suggests that the HSI futures and options markets are mature and resilient. A multiple regression analysis on the ex‐post arbitrage profit also suggests that there were structural changes during the Asian financial crisis and the Hong Kong government intervention periods. © 2000 John Wiley & Sons, Inc. Jrl Fut Mark 20: 145–166, 2000     

金融危机对我国汽车出口的影响

本文根据汽车出口贸易的现状,对汽车出口形势进行了分析,分析了金融危机对我国汽车出口的影响,并提出了对策建议,以减少金融危机对我国汽车出口的不利影响,实现汽车出口行业的健康可持续发展.     

Lessons from the global financial crisis

Our system of banking is fragile. Banks that appear to be well-capitalised one day are not the next. Banks that borrow short and lend long are subject to runs that threaten the payments system. The current regulation of financial services is damaging and unsustainable. Regulators must decide on the appropriate amount of equity capital, but it is almost impossible to define an “optimal” capital ratio. A resolution mechanism for banks is unlikely to be a solution to a system-wide loss of confidence. We need to design a credible ex ante framework for liquidity provision. My proposal would require banks to pre-position collateral, making the central bank a pawnbroker for all seasons. On regulation, we need simple robust principles to guide us, not tens of thousands of pages of detailed rules.     

全球金融危机来袭?

作为2020年的第一只“黑天鹅”,新冠肺炎疫情的突袭给原本疲软的全球经济增长蒙上了更多阴影。3月,全球股市接连大跌,美股两周内触发4次熔断,美国10年期国债收益率跌破0.5%,国际原油价格跌得比矿泉水还便宜……在各类财经事件的报道中,“2008年以来最高”“2008年以来最低”“2008年以来首次”等描述随处可见,类似于2008年的全球金融危机真要来了吗?     

浅析经济危机下的企业财务管理变革

本文就金融危机背景下中小企业财务管理存在的问题进行了分析,从加强现金预算管理、严格控制成本费用、优化筹资渠道、加强财务控制、降低投资风险等方面提出了建议.     

浅析经济危机下的企业财务管理变革

本文就金融危机背景下中小企业财务管理存在的问题进行了分析,从加强现金预算管理、严格控制成本费用、优化筹资渠道、加强财务控制、降低投资风险等方面提出了建议.     

International reserves and the global financial crisis

This study examines whether pre-crisis international reserve accumulations, as well as exchange rate and reserve policy decisions made during the global financial crisis, can help to explain cross-country differences in post-crisis economic performance. Our approach focuses not only on the total stock of official reserves held by countries, but also on the decisions by governments to purchase or sell reserve assets during the crisis period. We introduce new data made available through the IMF Special Data Dissemination Standard (SDDS) Reserve Template, which allow us to distinguish interest income and valuation changes in the stock of official reserves from the actively managed component of reserves. We use this novel data to gage how (and whether) reserve accumulation policies influenced the economic and financial performance of countries during and after the global crisis. Our findings support the view that higher reserve accumulations prior to the crisis are associated with higher post-crisis GDP growth.