专家谈澳洲金融市场为什么相对稳定

2009年1月，《国际融资》杂志记者在澳大利亚投资与金融服务协会（IFSA）悉尼办公室再次采访了该协会CEO Richard Gilbert先生。IFSA为了在澳洲与中国金融服务领域之间建立起一条紧密的纽带关系，积极探索两国金融业的合作和进一步增强现有合作关系的可能性。2008年9月，IFSA首次组织澳大利亚金融服务业CEO代表团前往中国香港和大陆访问，时任代表团团长的Richard Gilbert曾在那次访问期间接受了《国际融资》杂志记者的采访。     

Profiling leading scientists in nanobiomedical science: interdisciplinarity and potential leading indicators of research directions

Nanobiomedical science is a promising area in the application of nanotechnology. This paper profiles a group of 21 leading scientists in nanobiomedicine based on high publication rate and high citations. Comparisons with other researchers indicate that the leaders publish more in high impact journals and collaborate more extensively (team science). They reside most heavily in the United States and Western Europe. We compare their research publications using multiple indicators–Integration, Specialization and a Multidisciplinary Index. Relations among interdisciplinarity indicators generated support a three‐factor model based on principles of diversity. We locate this research among the disciplines using science overlay mapping. Key term analyses, based on keywords and on natural language processing help profile the research emphases of these leading researchers. Such results could serve as leading indicators to help identify directions of future nanobio development.     

New revisionists and the Keynesian era in British economic policy

This article surveys the literature, which has argued that post‐1945 British economic policy should not be described as Keynesian. It attempts to apply explicit definitions of ‘Keynesian', ‘influence', and ‘the Treasury view'. It suggests that in post‐1945 monetary and fiscal policies, in the treatment of the balance of payments, and in attitudes to public expenditure, strong Keynesian influences can be detected. The idea of a ‘Keynesian era' should not be rejected and it is hinted that the failure to accelerate the growth rate, rather than the external dimension, caused the Keynesian era to unravel.     

THE ESTIMATED IMPACT OF RESIDUAL MARKET ASSESSMENTS ON FLORIDA PROPERTY INSURERS

Abstract: The authors examine the risk financing approach of the Florida state-sponsored property insurance programs. The programs rely heavily on post-disaster assessments on insurers to meet expected obligations. The authors evaluate the impact of the assessments and discuss whether this approach represents a realistic solution to the "cat problem."     

Financialisation: Constructing shareholder value … for some

Drawing from the theorising of Froud et al. [Froud J, Johal S, Papazian V, Williams K. The temptation of Houston: a case study of financialisation. Critical Perspectives on Accounting 2004;15(6–7):885–909] and Kripner [Krippner G. The financialisation of the American economy. Socio-Economic Review 2005;3:173–208] on financialisation, we explore the activities of New Zealand's largest listed company Telecom (NZ) Ltd. The success narrative produced by Telecom since its privatisation and listing in 1991 is centred on shareholder value. However, its financial reporting practices seem increasingly complicated and difficult to comprehend. Telecom's original off-shore investors reaped considerable returns on their investment and, until recently most investors in Telecom were domiciled outside New Zealand. Its production activities have remained concentrated in New Zealand where it holds a monopoly over an essential part of the country's communication infrastructure. This examination of Telecom's activities and financial reporting adds to the debate about financialisation by questioning the effects of the separation of production and accumulation on those where production is located. It also demonstrates the use of accounting and financial reporting practices to support a success narrative which results in resource transfers to those engaged in accumulation activities to the potential detriment of those involved in, or affected by, the company's production activities.     

The ecological footprint of New Zealand as a step towards sustainability

Three studies have derived ecological footprints for New Zealand. Two were done in NZ and are based on land area only. The third is part of an international study which includes marine resources. Absolute comparisons in physical parameters are difficult as they do not all have the same baseline. Relative comparisons, as a proportion of carrying capacity exclusive of marine resources, are comparable, viz. 86, 60 and 70%. Precaution and the maintenance of biodiversity imply that we should live well within our carrying capacity. New Zealand therefore could be considered as already over populated at our present life style and relative to the global carrying capacity. The international study of 52 nations (80% of the world's population) derives an average global footprint (2.8 ha/cap), inclusive of marine resources, that is greater than the global ecological capacity (2.1 ha/cap). NZ has a very large footprint at 7.6 ha/cap whilst being the most bounteous of all with an ecological capacity of 20.4 ha/cap. However the marine ecological capacity for NZ is proportionately very large (50% of our total capacity) but uncertain and so should be disregarded. Exclusive of the marine component, the NZ footprint and capacity are 7.4 and 10.5 ha/cap respectively—the 70% reported above. A significant minority in New Zealand would not feel they are enjoying the bounty expressed by these figures. There are several reasons—we undervalue nature's wealth; quantitative growth is unsustainable; we are losing control of our resources; our economic system is flawed. Even so, achieving greater equity within NZ and between nations within the global capacity will not in itself lead to sustainability—to biophysical sustainability perhaps, but that is only survival. Sustainability pertains to the interior, subjective dimensions in life which have no location and are not quantifiable but which provide purpose and meaning in life. Indeed we may even be unable to achieve biophysical sustainability without engaging in the evolution of human consciousness at a collective level.     

An Empirical Analysis of the Stochastic Behaviour of Short-Term Interest Rates in Singapore

This paper examines the stochastic behaviour of short-term interest rates in Singapore. We consider the following models of interest-rate structure: the lognormal model, the stable Paretian model and the mean-reversion model. Data on the three-month interbank rates are analysed. The mean-reversion model with conditional heteroscedasticity appears to fit the data adequately.