The cyclicality of bank regulation in a general economic framework

This article utilizes a representative agent model to address how the regulation policies for banks should respond to the general economic condition. With the consideration of a self-fulfilling deposit insurance facility with sufficient bank reserve to meet the expected need of liquidity shock, our model suggests a counter-cyclical capital adequacy requirement in a competitive loan market. The exception might occur when the moral hazard problem becomes very unwieldy and the representative individual is rather risk averse. With regard to the closure policy, we find that it is closely related to the individual’s degree of risk aversion. A counter-cyclical closure policy is recommended when the individual is highly risk averse. Otherwise, a pro-cyclical closure policy is preferred.     

Currency substitution and nonlinear error correction in Taiwan's demand for broad money

We modify the conventional money demand function by including a real exchange rate variable to reflect the effect of currency substitution. Empirical evidence indicates that the variable is crucial to the long-run stability of Taiwan's money demand. After finding the failure of a linear error-correction model (ECM) in describing the dynamics of Taiwan's money demand, we apply a nonlinear ECM to examine its dynamics and support the appropriateness of the nonlinear model empirically.     

On the coexistence of money and higher-return assets and its social role

This paper adopts mechanism design to investigate the coexistence of fiat money and higher-return assets. We consider an economy with pairwise meetings where fiat money and risk-free capital compete as means of payment, as in [28]. The trading mechanism in pairwise meetings is chosen among all individually rational, renegotiation-proof mechanisms to maximize society?s welfare. We show that in any stationary monetary equilibrium capital commands a higher rate of return than fiat money.     

基因科技发展的人权影响及其法律调整

基因科技发展对生命健康权、生育权、隐私权、平等权以及环境权与发展权等人权保护都已产生正负两面性影响。从本质上看,基因科技发展的人权影响乃是科技的工具理性与人类的价值理性日趋分裂所致。基因科技发展需要以价值理性引领其工具理性的发展方向,从而消解其工具理性与价值理性的内在张力,据此构设基因伦理准则,完善基因科技立法,将基因科技发展的人权影响纳入有关制度规范及其价值指引的法律调整之中。     

Religious pluralism and religious participation: a median-based approach to the non-substantive problem

Sociologists of religion have long been interested in the interaction between religious pluralism and religious vitality. Previous empirical studies approach this theme by drawing on data of denominational participation rates across geographical units, investigating the property of association between the quantity of one minus the Herfindahl–Hirschman Index (religious pluralism), and the total religious participation rate (religious vitality). However, this association could be theoretically spurious. Taking advantage of the median’s statistical property of being less sensitive to the variations of extreme values, this study proposes to apply the median instead of the arithmetic summation of religious participation rates to measure geographical-unit-level religious vitality. This method is illustrated by analyzing the New York State census of religion 1865 and the U.S. county survey 1990.     

How perceived empowerment HR practices influence work engagement in social enterprises – a moderated mediation model

Abstract

Drawing insights from the group engagement model and self-determination theory, our research explored the role of perceived empowerment human resource (HR) practices in the hybrid organizational form of social enterprise in China. Based on two studies, this paper developed and examined a moderated mediation model, linking perceived empowerment HR practices, identification motivation, work engagement, and authority work value. Specifically, in Study 1 we found perceived empowerment HR practices increased employees’ work engagement through enhancing employees’ identification motivation. In Study 2, we adopted a two-wave design to duplicate and extend this mediation model. A moderator, employees’ authority work value, was found to weaken both the mediation relationship, and the positive relationship between perceived empowerment HR practices and identification motivation. This study broadens the understanding of what social enterprises look like in alternative contexts, while providing an opportunity to explore how a HRM mechanism and its boundary condition function in large social enterprises in China.     

外汇占款对我国货币供给的影响机制研究——基于2000-2012年央行资产负债表结构变动的分析

本文从中央银行资产负债表的结构分析出发,详细研究了在三种不同外汇管理体制下,外汇储备的变动对基础货币、货币乘数和货币供给的影响机制.通过对2000-2012年间中国人民银行资产负债表结构变动分析发现:近十余年来,外汇占款已成为影响我国中央银行货币发行最重要因素,并成为推动持续通货膨胀的重要因素.     

中国社会创新的阶段性特征——基于“政府—市场—社会”三元框架的实证分析

社会创新已经成为全球社会发展中的热门概念,各国政府纷纷大力推动社会创新并将其纳入公共治理变革的重要内容。社会创新的主体界定、创新模式、扩散路径等成为理论界和实践界关注的焦点,但是大部分实证研究都是基于西方国家案例的讨论。近年来,社会创新实践在中国也风起云涌,文章基于"政府—市场—社会"的三元分析框架,通过多样本的统计分析来揭示中国社会创新的创新主体、创新领域、创新模式及环境影响因素等阶段性特征。研究发现,中国社会创新可能的阶段性特征是:主体以社会部门为主,政府、市场参与为辅,其机遇和空间来源于治理变革中的政府、资本化竞争的市场及发展中的公民社会分别在社会管理创新的策略驱动、企业社会责任的趋势引领和可持续性发展的需求带动下相互博弈的互动过程。在这一互动格局中,政府部门的监管政策对社会创新发展具有重要的影响。     

基于服务供应链的制造业产业集群知识服务研究

制造业产业集群内的知识服务业从分散走向集成的过程也是服务供应链的发展过程。从供需角度研究了企业在制造业产业集群知识服务体系建设中的作用,在探讨服务供应链基本理论的基础上,结合知识服务需求特征,构建了制造业产业集群知识服务供应链模型。对知识服务主体、服务流程、管理要素和供应链集成运作进行了分析,提出从市场角度进行知识要素的有效创新及应用,以提高制造业产业集群知识资源配置能力,促进产业集群综合竞争力的提升。     

根植性悖论：产业集群生命周期诠释

如同产品生命周期,产业集群也有诞生、成长、成熟、衰退等周期性特征。根植性是研究产业集群演化的一个重要视角,在产业集群的不同发展阶段发挥着不同作用：在形成与发展阶段,地域根植、产业根植和知识根植正面影响产业集群;而在成熟与衰退阶段,三者转化为地域锁定、产业锁定和知识锁定,成为产业集群进一步演化升级的羁绊。