外资银行进入对转轨国家银行业效率的影响研究

本文以中东欧国家的经济转轨与银行业的对外开放为例,研究了外资银行进入与经济改革对转轨国家银行业效率的影响.研究发现不仅外资银行进入促进了转轨国家银行业效率的提高,经济改革措施也对银行业效率提高有正面效果.因此转轨国家在银行业的改革过程中不仅要重视战略投资者的引进还要重视改革完善市场经济体制.     

外资银行进入对我国银行稳定的影响研究

本文对有关外资银行进入对银行稳定的影响的研究文献进行了综述:接着对外资银行进入对我国银行贷款的影响进行了考察;最后,本文采用我国内资银行的信贷资产质量和资本充足状况两项指标来衡量我国银行稳定的指标,以我国14家商业银行1996-2006年的面板数据进行固定效应和随机效应的回归分析,检验结果表明,只有外资银行资产比率对内资银行信贷资产质量有显著影响,其他三个模型分析结果不显著.这说明外资银行进入对我国银行稳定的影响不显著,但总体还是有益的.     

基于引力模型的中国-中东欧贸易实证研究

通过系统分析中国与中东欧贸易的现状以及影响贸易的主要因素,构建了3个引力模型,运用面板数据验证了经济规模对中国与中东欧贸易具有显著促进作用,人口规模对中国与中东欧贸易促进作用不显著;而地理距离不利于中国与中东欧贸易的扩大,欧盟东扩则有利于中国与中东欧贸易的扩大.研究还表明,中国与中东欧贸易偏离了林德的“需求相似论”.最后,基于引力模型估计了中国与中东欧贸易的潜力和合作重点,即:一要进口更多中东欧产品;二要拓展合作领域.     

中国机电产品出口中东欧国家的潜力分析——基于引力模型的实证研究

在中国-中东欧国家领导人会晤以及"一带一路"的推动下,中国与中东欧国家的经贸合作机制日益成熟,双边贸易突飞猛进。本文基于扩展的贸易引力模型对1997~2014年中国机电产品出口中东欧国家的影响因素与潜力进行分析与测算。结果显示:双方经济规模、地理距离和汇率均对出口流量产生显著影响;技术性贸易壁垒和中东欧国家是否加入欧盟对出口流量有负影响,但并不显著;出口流量随着双方人均收入差距的扩大而增加。计算得出中国对中东欧16国的机电产品出口贸易还有巨大潜力,最后提出促进机电产品贸易的政策建议。     

中东欧经济危机前因后果透视

一、各国国际收支危机的发生 经常项目赤字和对外债务规模上升是所有中东欧国家经济危机特征的共性.进入21世纪前后,特别是2003年之后,在欧洲一体化进程不断深入和世界经济形势较好等因素促进下,东欧外资流入和产品出口都迅速增长;而来自西欧的资本流人和西欧提供的出口市场起到重要作用.如表1所示,2003-2007年间,中东欧国家出口和经济维持高速增长.     

中东欧转型国家的外资银行发展状况

1989年剧变后，中东欧各国纷纷从计划经济向市场经济转轨。随着转轨的深入，这些国家的银行体系也发生了重大变革。这主要体现在国有（商业）银行私有化和银行业向外资开放两方面。本文主要分析中东欧转型国家外资银行的发展状况，并对中国银行业的改革提出一些建议。     

外资银行进入对内资银行绩效影响的文献回顾及实证研究

外资银行进入对内资银行的绩效究竟将会产生怎样的影响?本文通过实证研究的分析方法,阐述了外资银行进入新兴市场经济国家,对东道国内资银行业的绩效影响。得出长期比短期更具有积极影响的结论,并进一步阐述了外资银行进入对我国银行业的影响及实证研究结论对我们的启示。     

外资银行进入对我国商业银行效率的影响

外资银行进入对东道国银行效率的影响备受关注.本文利用1999～2007年外资银行进入我国的资产与数量份额,以及我国14家商业银行的相关数据,通过面板数据模型分析了外资银行进入对我国商业银行收入效率和成本效率的影响,认为外资银行进入对我国商业银行收入效率与成本效率产生了正向影响,我国商业银行效率的提高缘于外资银行的进入、银行自身的因素及宏观经济形势的影响,应通过引进和借鉴外资银行的先进技术和管理经验,提升我国商业银行的整体竞争力.     

外资银行进入对东道国银行业影响的研究综述

我国已向外资银行完全开放银行业市场,因此研究外资银行进入对东道国银行业的影响有着重要的理论与现实意义.本文从外资银行进入对东道国银行业影响的不同方面,介绍了国内外最新的研究进展.     

商业银行中间业务国际比较分析

目前,在国家实施从紧货币政策、压缩信贷规模,美国次贷危机的爆发,外资银行的大举进入和政府提出扩大上市公司直接融资比例的背景条件下,研究商业银行中间业务的发展是很有意义的。通过比较分析中外商业银行中间业务的发展状况,找出两者之间的差异,分析其原因,为我国商业银行发展中间业务提出一些个人的建议。     

Sterilisation and Monetary Control by the GCC Member Countries

The prevailing dollar peg of the Gulf Cooperation Council (GCC) countries and the absence of any significant current and capital account restrictions led some to believe that these countries have lost monetary independence. However, the paper presents evidence that interest rates of the GCC countries did not converge to the interest rates of the US implying that the assets of the GCC countries are not perfect substitutes to the US assets. This imperfect asset substitutability has allowed the GCC countries to manoeuvre their monetary policies and the central banks of the GCC countries have had some control over their money growth rates by sterilising the changes in international reserves. Results indicate that the monetary authorities of these countries used domestic credit policy to attain some domestic policy objective while engaging in sterilised foreign exchange intervention. This result implies that the proposed GCC central bank should be able to maintain the monetary independence as a group and can reap the benefit of monetary efficiency of the proposed Gulf Monetary Union.     

Does central bank independence matter for the location choices of Chinese firms’ foreign investments?

Based on the eclectic paradigm and institutional theory, we hypothesize that Chinese firms prefer to invest in host countries having a central bank with a level of independence that is comparable to that of the Chinese central bank. Using data of Chinese listed firms from 1999 to 2013, our logit models suggests that all components of central bank independence, namely personnel, policy and financial independence, and priority for price stability, have a significant negative impact on the foreign investment location choices of Chinese firms. The impact of central bank independence on location choices is bigger for non-state-owned enterprises than for state-owned enterprises. The investment location choices of non-state-owned enterprises are negatively associated with the distance between central bank independence in China and that in host countries, while for state-owned enterprises this distance has no effect.     

财政支配假说、铸币税与中央银行独立性

鉴于发展中国家发展比较落后,经济总量不强,政府的财政行为影响了社会生活的各个方面,它支配并决定了中央银行独立性的程度,铸币税问题相应也显得尤为突出.本文据此以财政支配假说为理论基础,结合铸币税问题,在介绍发展中国家中央银行独立性概况后就中国中央银行独立性问题做一分析.     

整合国际物流加强我国与中亚各国的国际合作

随着中国和中亚各国经济形势逐步进入平稳发展的历史阶段,中国与中亚各国间的贸易往来有较大增长,经贸合作的广度和深度都有所提高,中亚各国都注重区域整合,建立以关税同盟为目标的区域经济合作,在此情况下,整合国际物流,加强我国与中亚各国的经济合作势在必行.本文在论述我国与中亚各国物流合作的基础之上主要谈谈如何整合国际物流,加强与中亚的合作.     

An analysis of the evolution of global financial network of the coordinated portfolio investment survey

In this study, we construct a directional global financial network using portfolio investment data from more than 200 countries during the first two decades of the 21st century and analyze the properties of the network. Through macroscopic analysis, we show that the network became denser and could be divided into central and peripheral groups. Microscopic analysis shows that, in addition to well-known financial-central countries, relatively less well-known countries played important roles in the global financial network. Further, each country's per capita GDP is positively correlated with its centrality in the network, and the correlation is stronger when measured with inbound investments than when measured with outbound investments.     

中亚国家能源政策及对策分析

中亚国家利用其优越的地缘优势和油气资源优势,实施了一系列资源立国政策,极大地推动了该地区国家经济的恢复和发展,引起了世界各国高度关注,同时,也为中国与中亚地区国家的油气资源合作带来了机遇和挑战。对中亚国家能源政策和未来能源发展趋势的分析表明,我国在中亚地区能源（油气资源）战略中应采取相应的应对策略。     

Implications of the introduction of the Euro for the Mediterranean countries

The Mediterranean peripheral countries cannot afford to be passive viewers of the fundamental changes that are taking place in Europe after the introduction of the Euro. The new developments pose formidable challenges and opportunities. It will be argued that no single group of developing countries will be more affected by these changes than the Mediterranean countries given their geographical proximity to the region and their long historical record of extensive and large economic interactions (trade, finance, and migration). This article examines the implications of the introduction of the single currency in Europe on Mediterranean central bank reserves and foreign external liabilities, trade and capital flow, and exchange rate policies. It is shown that since most Mediterranean trade is with the EU, Mediterranean central banks will be necessitated to hold major portions of their foreign exchange reserves in Euros. Also, a Mediterranean currency peg to the Euro, or to a basket of currencies where the Euro is allocated, will be important in reducing financial and trade transaction costs. It will also be hypothesized that Mediterranean foreign debts will eventually have to be converted to Euros. Finally, parallels between this region and the U.S–Caribbean region will be drawn to reinforce the argument that trade and capital dependence will eventually lead to a pegging of the Mediterranean currencies to the Euro. © 2003 Wiley Periodicals, Inc.     

Cultural Differences and Similarities in Television Commercials in the Arab World and the United States

Understanding the nature and influences of cultural differences is central to international marketing. This article investigates cultural differences in television advertising between the United States and a select group of countries in the Arab world on the cultural dimensions of contextualization, individualism/collectivism, time orientation, and human perception of nature. The results indicate that while there are many differences between the United States and the Arab world, there are also similarities. The results indicate that there are also differences between the Arab countries, and the Arab countries should not be viewed as the same in certain situations.     

Capital Cities in the New EU States—Economic Status Quo and Current Trends

In the course of the economic catching-up process of the new EU states, the capital cities of the countries in central and eastern Europe were the economically most successful regions in their countries. How distinct are economic disparities between the capitals and the rest of the countries today? What were the determinants of the related economic developments? And do current economic trends support the leading position of the capital cities in the new member states?      

Globalisation and the Spatial Concentration of Production

(1240) Friederike Niepmann and Gabriel J. Felbermayr In new trade theory (NTT) models, freer trade tends to increase the spatial concentration of industrial production across countries. While nations with large home markets and central geographical location become increasingly attractive business locations, small peripheral countries gradually deindustrialise. Using data for 26 industries, 20 OECD countries and 20 years, we investigate the empirical validity of this claim. Separating out the role of home market size from geographical factors, and using various panel methods, we find robust evidence in line with theory. Freer trade has indeed magnified the importance of domestic demand and geographical location for the pattern of industrial production across the globe and has therefore exacerbated spatial disparities.