金融全球化与发展中国家利益保护

在金融全球化进程中，发达国家的优势地位和对全球金融利益的过度追求，引起与发展中国家的利益冲突。作为金融全球化中处于弱势地位的发展中国家，应坚持适当的利益原则，最大限度地维护自己的全球经济金融利益，阻止发达国家的利益渗透。     

以全新的视角观察上海国际金融中心的建设

建设上海国际金融中心是我国应对金融全球化挑战的积极战略 中国是发展中的大国,必须从发展中国家和大国的双重角度来思考与处理经济与金融全球化这一问题,作为发展中国家,我们必须看到发达国家在金融全球化的优势和发展中国家将要面对的冲击和挑战;作为一个大国,必须有一个与大国地位相称的全球化战略.     

经济全球化的本质分析和治税策略选择(上)

经济全球化具有大资本的利益驱动性、国际分工的技术等级性、利益分配的不公平性、生产要素流动的非对称性等基本特征,从而给发达国家带来的利益要远远大于发展中国家从中得到的利益。为了在经济全球化进程中获得尽可能大的民族利益,必须实行国家主导型的市场经济模式,不断提高国家整体竞争力。而在治税策略选择上决不能是简单地被动地进行所谓国际接轨,应当以绝大多数人民的根本利益为出发点,根据我国国情,按照科学发展观的要求,为实现以人为本和“五个统筹”的发展战略目标服务。     

美国中小企业开展电子商务的政策措施及借鉴

电子商务是21世纪全球化竞争的焦点，它对经济的影响远远超出了其本身活动的价值。而中小企业无论是发达国家还是发展中国家，都在其各自的经济活动中起着极其重要的作用。作为在市场竞争中处于弱势地位的中小企业如何健康地开展电子商务，这是一个值得探讨的问题。近几年来，为了让中     

经济全球化与中国特色的社会主义道路--兼论邓小平对外开放理论的时代意义

随着我国加入WTO,我国经济不可避免地会卷入经济全球化的浪潮中.经济全球化既是全球生产力发展的一体化,也是发达国家生产关系向全球推进的过程.在经济全球化中,要实现既能积极主动地参入,发展自己的经济力量,又能维护本国的经济安全,保持社会主义建设的特色,必须以邓小平理论为指导,在政治经济领域全方位地实现"比较优势战略".     

试析南盟发展近况及中国与南盟关系

南亚区域合作联盟,是南亚国家合作与发展所依赖的最重要的组织之一。近些年来,伴随着经济全球化和区域经济一体化的不断发展,南盟的重要性日渐突出。这也必须引起我们的重视。中国在南亚有着自己重大的国家利益,因此,中国必须客观地审视南盟的地位和作用,并与之合理地发展关系,以便更好地维护我国的国家利益。     

亚洲金融:寻找区域性合作新空间

经济全球化的兴起导致了国际间的经济交往日益增加,由此直接影响到了各国在国际社会中的政治地位和作用.为了确保本国的经济利益以及在参与国际事务中的地位与权利,一些经济发展程度相同或相近的国家逐渐走到一起,为了共同的利益而组成贸易集团或者经济金融联盟,从而产生了区域性的经济金融合作.     

亚洲金融危机与我国的政策取向

90年代以来的金融危机,特别是亚洲金融危机留给人的许多教训和警示。经济全球化确实是当前推动世界各国经济合作和经济发展的大潮流,但全球化又是一个竞争激烈的长期过程。一方面世界各国经济发展水平差距甚大,利益各不相同甚至还有冲突,另一方面国际经济新秩序的建立还处于萌芽状态。国际清算银行指出,亚洲金融危机提醒人们,只有在规范市场机制的前提下,各国才能从全球金融市场的开放中获益。因此,对处于相对不利地位的发展中国家来说,既要顺应经济全球化的趋势和潮流,又要十分注意防范和化解全球化带来的种种风险。在如何参与、如何开放,参与到什么程     

建立国际税收组织的动议、发展趋势与我国的对策

建立国际税收协调与合作组织,有助于改变现行以发达国家为主导的国际税收合作格局,更加公平地分享全球化的经济利益。近些年来,联合国在发展筹资动议下,努力促进国际税收对话与合作。中国作为最大的发展中国家,应利用自身在联合国系统中的特殊地位和影响力,凝聚发展中国家和经济转轨国家的力量,沿着寻求共识、推动合作、循序渐进的路径,推动联合国框架内的国际税收协调与合作机制的建立。     

中国金融业对外开放进程回顾与评述

在履行加入世贸组织承诺方面。中国金融业不仅全部履行了当初的承诺，而且做出了许多超出承诺的金融市场开放。在金融某些领域。中国的开放程度远远大于一些新兴市场经济国家甚至欧美发达国家。在经济日益全球化的大背景下，我们仍应力图在与他国的经济往来和市场竞争中取得有利地位，尽最大的可能保护本国金融业。     

Almanac of anticipations: The age of affluence—of anticipation—of anxiety—of automation—of discontinuity—of longing—of overkill—of space exploration

With this survey of developments in the futures field since 1945, I.F. Clarke completes his present series for Futures. He makes two major points: that forecasting techniques have become essential tools in the management of change; and that nuclear weapons and ecological problems have added a moral dimension to the study of the future. In the next issue of Futures he will start a new series on the range of future-thinking in the USA, from the expectations of the first settlers to the Star Wars programme.     

基金公司经营融资融券业务的问题审视

融资融券业务正式运营已经开展,为证券市场带来了革命性的改革,作为证券市场的一大主体,基金公司面对融资融券也迎来了新的发展方向和挑战,本文从融资融券业务的运行机制入手,分析了基金公司融资融券的新契机,并对其即将面临的问题进行审视和剖析,进而提出策略建议.     

对基层人民银行科技工作的几点建议

银监会分设后,人民银行将专司货币政策、金融稳定、金融服务三大职能。作为人民银行的分支机构,基层人民银行的工作重心也将从金融监管调整到这三大职能上来。人民银行的科技部门,就要积极运用科技手段,为人民银行履行新的职能发挥“服务、支持、促进、发展”的作用。一、围绕三大职能搭建五大平台经过“六五打基础、七五作准备、八五大发展”几个阶段后,人民银行相继实现了核算电算化、清算网络化和办公信息化。特别是近一两年来,陆续开通了大额支付系统、信贷登记咨询系统、会计四集中系统、金融信息服务网站等系统,人民银行信息化水平又…     

The Usefulness of Measures of Consistency of Discretionary Components of Accruals in the Detection of Earnings Management

Abstract:  Prior research has shown the prevalence of measurement error in models used to estimate aggregate discretionary accruals. In these models, the incremental information content of the various components of accruals is ignored. Limited prior research and data gathered from firms under Securities and Exchange Commission (SEC) litigation indicate that managers use either one or more than one component of accruals simultaneously, in a consistent way to manipulate bottom-line earnings in a given direction. I propose two measures that capture the consistency between the discretionary components of accruals and test their significance in earnings management (EM) detection in firms that have artificially added accrual manipulation and firms that were targeted by the SEC for accrual manipulation. There is evidence that this information is incrementally useful in detecting EM. This finding paves the way for improvements in the discretionary accruals measure by including consistency information from the components of aggregate accruals.     

社会主义所有制形式的改革、完善与共产党执政能力的提高

在中国,所有制形式的调整、改革与完善,先进生产力的发展,党的执政能力建设,是社会主义建设过程中密切结合在一起的三个不同层面的发展关系.应在相互促进和共同提高中促进社会的和谐发展,保证社会主义现代化建设战略目标的顺利实现.     

Summary of Results of Survey of Seminar Attendees

Abstract

The Society of Actuaries undertook a three-phase research project on mortality improvement in the three NAFTA countries: Canada, Mexico, and the U.S. Phase 1 consisted of a literature review of papers on projecting mortality levels in the future and a study of the trend in mortality improvement during this century. Phase 2 consisted of a discussion of different facets of modeling mortality rates at a seminar attended by 79 experts (actuaries, demographers, economists, and medical researchers) representing different countries. The last session of the seminar consisted of the completion of a survey by the attendees to obtain input for Phase 3, which would analyze the impact of mortality improvement on the social security system of each country. This paper summarizes the results of the survey.

The survey results illustrate the difficulty in forecasting mortality levels, because the effects of many factors that could have significant impact on mortality rates are unknown. This suggests the need for dynamic forecasting, which allows for the possibility of random shocks. A majority of the survey respondents believe that stochastic forecasting models, despite their complexity, have significant potential to add value. Respondents also believe that both historical data and cause-specific mortality forecasts are useful as input and also in validating forecasts of the aggregate levels of mortality. The challenge is to develop more sophisticated forecasting models to produce results that are relatively easy to interpret and to communicate these results to the desired audiences, including the public and policymakers.

The survey results suggest that the aggregate effect of lifestyle changes, medical advances, diseases, catastrophe, and physical environmental changes is an increase in life span. However, there is much uncertainty about the future. Respondents expect that beyond the year 2020 the mean annual rate of reduction in mortality for males age 65 and over will average about 0.58% for Canada, 0.76% for Mexico, and 0.67% for the U.S. The results for the female age 65 and over population are 0.64%, 0.83%, and 0.70%, respectively. The age 65 and over population is expected to see larger percentage reductions in mortality than the 0–14 and 15–64 populations. The reductions in male and female mortality will be ultimately the same, and the mortality levels in the three countries will ultimately converge, although differences may persist for decades.     

Separation of Unit of Account from Medium of Exchange

The separation of a unit of account (UoA) from a medium of exchange (MoE) in the commodity–money system is investigated by considering explicitly a seller's choice of UoA in terms of either an MoE or a unit of metal weight. If the likelihood of debasement of an MoE and its rate are high enough, the price is posted in terms of a unit of metal weight rather than an MoE. Interestingly, this MoE–UoA separated equilibrium yields the flexible nominal price, whereas an MoE–UoA integrated equilibrium yields the sticky one. This implies the nominal price rigidity in the fiat‐money system where MoE and UoA are integrated.     

银行软件项目外包管理分析

一、引言随着国民经济的不断发展,银行业务与外部企业的联系越来越密切。银行正逐步成为现代经济活动的中心,作为数据处理核心的银行业务应用也越来越大型化、越来越复杂化,因此许多银行也把软件项目逐步由原来的自主开发转变为与公司合作的方式,或直接外包开发的方式,银行本身的技术人员也逐步由开发转向项目管理。二、项目外包的分类银行项目的外包有以下几种情况:①部分子系统外包,有时由于银行的软件项目太大,单靠银行自身的开发力量基本无法在预定的时间内完成项目,只好把相对独立的部分外包;②直接购买软件公司的成熟产品,有些金融软…     

银行管理信息平台建设发展的思考

一、目前国内银行IT发展现状及面临的问题 银行数据集中工作的完成,标志着银行的业务由电子化建设阶段转入信息化建设阶段.一方面银行数据的集中提供了丰富全面的基础数据,面对日益庞大的数据源,如何将数字转化为对银行有用的信息,并从中发现知识,为银行的经营决策提供支持,是摆在银行IT人员面前的一个亟待解决的问题.另一方面用户对银行信息的需求日益增长,如果银行没有一套完整、实用的信息管理系统,将对业务发展非常不利.南京爱立信公司倒戈花旗银行事件曾经轰动一时,其中一个重要原因就是中国本地银行不能满足爱立信全球总部对南京爱立信公司的要求:每周财务上报和每天贷款限额管理.这一事件为中国商业银行的未来发展敲响了警钟,如果不加快管理信息系统的开发,迅速提升业务管理水平,类似的事件还会接连不断地发生,并最终导致国内商业银行在同国外商业银行的竞争中全面溃败.     

Properties of time-series estimates of degree of leverage measures

Empirical studies suggest that time-series regression estimates of the degrees of operating and financial leverage have a tendency to produce measures less than one. According to ex ante theory, these measures should be greater than one for firms operating above the breakeven point. There have also been suggestions that the biases in these estimates may be attributable to an underlying increase in unit sales. This work presents evidence that these counter-intuitive measures are produced by changes in the firm's operating parameters (unit price, variable cost, fixed cost and interest payments). It further suggests that attempts to control for the underlying change in unit sales substantially increase the volatility of predicted estimates.