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In this paper, returns and volatility spillovers between emerging capital markets of Central and Eastern Europe, Latin America, and South-East Asia are investigated. We distinguish between spillovers from countries located in one region (intra-regional) and in different regions (inter-regional) after controlling for shocks originating at home and on the global market. Both intra- and inter-regional spillovers are significant, with the former being more pronounced than the latter. Our findings indicate that linkages between emerging markets are not solely due to their common dependence on the global capital market and highlight the importance of common factors in intra-regional interdependencies. 相似文献
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长期以来,金融安全问题受到党和国家领导人的高度重视,在各种会议上反复强调我国要防范金融风险,切实保障金融安全。目前,我国金融安全问题更是受到理论和实际工作者的广泛关注。 相似文献
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Tetsuo Ono 《International Tax and Public Finance》2016,23(2):191-217
This study analyzes the political economy of public education and in-cash transfer with an overlapping-generations model that features a two-class society. In this model, the dynamics of inequality are driven by the accumulation of human capital. The two redistributive policies are determined by voting, while private education, which supplements public education, is purchased individually. The model, which includes two-dimensional voting, yields the following two types of stable, steady-state equilibria: a high-inequality equilibrium with government expenditures favoring lump-sum transfers or a low-inequality equilibrium with such expenditures favoring public education. 相似文献
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Julius O. Ihonvbere 《Futures》1992,24(10):987-1002
This article examines how well the developing countries fared at the end of the 1980s; identifies contemporary constraints on growth and development in developing formations; and makes projections on the future of Third World economies in view of the developments discussed. 相似文献
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2002年前的工行孝感分行,在全国400个二级分行中综合排名倒数第51名,绩效等级为E级,是违规经营的“重灾区”,两次受到省分行“黄牌警告”.自2003年扭亏为盈后快速发展,2006年实现利润7560万元,居全省首位;2007年实现拨备后利润13166万元,不良贷款占比仅为1.03%,远远低于全国平均水平, 相似文献
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Long-term thinking and the politics of reconceptualization 总被引:1,自引:0,他引:1
《Futures》1996,28(1):75-86
This essay is a response to the dominance of short-term thinking in Western culture. It begins with a critique of the minimal, or fleeting, present and then explores some possibilities for extending what might be meant by the ‘present’. It suggests that considerable utility may be derived from a more careful and considered use of particular timeframes. It is doubtful whether questions of sustainability, the rights of future generations and, indeed, the disciplined study of futures can be resolved without a number of innovations based on long-term thinking. The latter part of the essay considers two—the creation of institutions of foresight and an international programme of 21st century studies. 相似文献
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Christine Whitehead 《公共资金与管理》2013,33(2):43-46
If the Government can successfully privatise British Telecom, then the way is open to taking the other large State monopolies, such as British Gas, out of public ownership. But a careful analysis of the way regulated competition is likely to work suggests that the intended benefits ‐ in terms of greater efficiency ‐ are not likely to materialise. 相似文献
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经济薄弱环节的金融支持与服务 总被引:1,自引:0,他引:1
经济薄弱环节是相对于经济运行中强势作为的经济范畴,从具体的角度来考察,薄弱环节可以是某一群体、某一领域、某一区域等等。从全国范围来看,相对于沿海先行发展的和有政策扶持的西部、东北老工业基地等地区,江西是一个相对薄弱的地区。为了策应江西在“中部地区崛起”,探究经济薄弱环节的金融支持路径,服务于各级领导决策,江西金融学会组织开展了“经济薄弱环节的金融支持与服务”课题研究,并与《金融时报》社合作,于2004年12月6日,在南昌举办了“经济薄弱环节的金融支持与服务”论坛。江西省政府有关领导、知名专家学者和江西省部分金融机构的负责同志出席了论坛并作出重要讲话。本刊编辑部现将部分嘉宾的演讲整理刊发,以飨读者。 相似文献
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This article argues that utopian thought is a necessary condition for the politics of sustainable development. Since utopian thought has so far been constrained by some typically Western features from the era of modernity, this requires a shift that transcends the following three fundamental aspects: the notions of fixed truth, fixed territoriality and fixed final goals for politics. The article argues that the concept of global sustainable development can entail three new elements of utopian thought: the disintegration of fixed territoriality, a never-ending story, and prismatic blueprints. Using these elements, utopian thought can provide transformative power, so that politics and policymaking can meet contemporary global challenges to development and the environment. 相似文献
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在全球经济一体化的环境中,信息的重要性被广泛认可,网络与信息系统的基础性、全局性作用日益增强,信息技术在提高企业服务水平、促进业务创新、提升核心竞争力等方面发挥了重要作用。企业对信息系统不断增强的依赖性,以及业务应用系统带来的风险、收益和机会,使得信息安全成为经营管理的关键一环。 相似文献
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2009年7月28日,瑞星公司庆祝“云安全”系统成功运行一周年。自2008年7月瑞星推出“云安全”系统以来,该系统共截获2000多万个新病毒样本,为用户拦截20亿次以上的挂马网站攻击。实践证明,瑞星“云安全”计划充分实现了预期的构想——安全软件的互联网化,并推动了整个安全行业的变革。 相似文献
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Stephen Healy 《Futures》1999,31(7):469
This paper describes an approach to the operationalisation of extended peer communities that deploys uncertainty, ignorance and indeterminacy, and examines the crucial role of trust. Trust underwrites both the dialogue central to extended peer communities and the functional utility of the knowledge so created, because when “facts are uncertain, values in dispute, stakes high … and the framing of the problem involves politics and values as much as science” (Ravetz J. Knowledge in an uncertain world. New Scientist 1990;127:2) the taken-for-granted trust in ‘normal' science is no longer assured, necessitating the cultivation of trust by other means. It is argued that extended peer communities provide a focus for the ascendant politics of the post-normal realm, in resonance with recently articulated insights into broader social theory.“… we continue to believe in the sciences, but instead of taking in their objectivity, their truth, their coldness, their extraterritoriality … we retain what has always been most interesting about them: their daring, their experimentation, their uncertainty, their warmth, their incongruous blend of hybrids, their crazy ability to reconstitute the social bond. We take away from them only the mystery of their birth and the danger their clandestineness posed to democracy” (Latour B. We have never been modern. Hemel Hempstead (UK): Harvester Wheatsheaf, 1993:142). 相似文献
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世博会和亚运会的成功举办,证明了我国金融服务水平再上新台阶,同时也展示了我国金融业的信息科技实力。 相似文献
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In a quantitative model of Social Security with endogenous health, I argue that Social Security increases the aggregate health spending of the economy because it redistributes resources to the elderly whose marginal propensity to spend on health is high. I show by using computational experiments that the expansion of US Social Security can account for over a third of the dramatic rise in US health spending from 1950 to 2000. In addition, Social Security has a spill-over effect on Medicare. As Social Security increases health spending, it also increases the payments from Medicare, thus raising its financial burden. 相似文献
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Blackburn Douglas W. Cakici Nusret 《Review of Quantitative Finance and Accounting》2020,54(4):1509-1527
Review of Quantitative Finance and Accounting - High book-to-market stocks earn higher average returns than low book-to-market stocks. This result has been verified using stock returns from the US,... 相似文献
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In this study, we analyze liquidity costs for stocks and ADRs from the four main Latin American markets. The results indicate that international investors are exposed to different trading costs in Latin America, with market location and firm size as important determinants. In the local market, stocks that cross-list internationally do not always present a liquidity cost advantage relative to non-cross-listed stocks. When the ADR and the local stock markets are compared, large firms present lower trading costs in the home market. The opposite occurs for small firms. 相似文献