我国新时期房地产调控的主要做法和具体对策

在日前结束的十届全国人大第五次全体会议发表的政府工作报告中,国务院总理温家宝充分肯定了房地产业在我国国民经济中的重要作用.并且明确指出了今后我国房地产行业调控和发展的方向,从而使我国此轮房地产宏观调控真正进入了战略转型和理性发展的新时期.本文将从新时期房地产业发展面临的主要挑战,调控的相关举措和发展的相关动力三个方面进行研究和阐述,供政府研究、企业等相关人士参考.     

新时期我国房地产面临的主要挑战和调整的相关举措

在日前结束的十届全国人大第五次全体会议发表的政府工作报告中,国务院总理温家宝充分肯定了房地产业在我国国民经济中的重要作用,并且明确指出了今后我国房地产行业调控和发展的方向,从而使我国此轮房地产宏观调控真正进入了战略转型和理性发展的新时期。本文从新时期房地产业发展面临的主要挑战,调控的相关举措和发展的相关动力三个方面进行研究和阐述,供政府、企业等相关人士参考。     

基于开放竞争思维下的银行监管新问题研究

在开放竞争条件下,银行监管者的目光由对单一银行的安全性监管转变为基于竞争性考虑的对金融大环境的综合协调与监管.由于中国银行业规模不经济、较高的市场集中度及较高的进入壁垒,表现出有效竞争不足,故银行监管应在全新理念的指导下,加强对银行竞争力的监管、降低进入与退出壁垒、创新市场化监管方式,以切实提高中国银行业的综合实力.     

The Systemic Risk of Cross-Border Banking: Evidence from the Sudden Stop and Interbank Stress Contagion in East Asia

This article investigates the systemic risk of cross-border banking in East Asia. Using the recursive bivariate probit model, we jointly test the probability of the sudden stop in international lending and its simultaneous effect on the host countries’ interbank markets. The empirical results suggest that the risk of a sudden stop is associated with global liquidity shock; host country productivity shock; and the common lender contagion effect. This facilitates the transmission of interbank stress from advanced economies to emerging markets. However, the tension is mitigated by the “flight-home effect” caused by domestic investors’ repatriation. The sudden stop is more likely to occur in countries with lower financial openness but higher financial risk. Lending flows to the banking sectors are more sensitive to shocks than the flows to the non-bank private sectors.     

商业医疗保险能提高农民工消费吗——基于流动人口动态监测数据的实证分析

本文使用国家卫生计生委2014年流动人口动态监测调查和与其相匹配的城市宏观数据,利用倾向得分匹配法并结合处理效应模型,系统探究了商业医疗保险对农民工消费的影响及其作用机制。研究发现:(1)商业医疗保险对农民工人均家庭消费具有显著的正向影响;(2)其作用机制在于,商业医疗保险减少了农民工医疗方面的支出不确定性,从而降低了预防性储蓄,使得消费增加;(3)分组回归结果显示,商业医疗保险对农民工消费的影响还存在异质性,其中,高收入群体、“70后”、或来自省内的农民工受商业医疗保险的正向影响更大。     

The mother of all sudden stops: capital flows and reversals in Europe, 1919–32

New data documenting European bond issues in major financial centres from 1919 to 1932 show that conditions in international capital markets and not just in borrowing countries are important for explaining the surge and reversal in capital flows. In particular, the sharp increase in stock market volatility in the major financial centres at the end of the 1920s figured importantly in the decline in foreign lending. This article draws parallels with Europe after 2008.