电子货币的发行主体与监管策略研究

文章分析了电子货币在不同发行条件下对货币体系产生的影响,发现其影响的程度与方式极大地取决于发行主体、发行机制的设置.进而提出了在目前电子货币占市场份额还很小,对货币体系、货币政策影响有限的情况下,央行等监管者的工作策略应重点放在发行主体的认定与监管、法制建设等方面.     

民间资本对信贷配给的影响

所谓信贷配给(creditrationing)是信贷市场上普遍存在的现象,是指商业银行在面临对贷款的超额需求时,不是通过提高利率的途径,来增加存款供给,同时抑制贷款的需求来实现信贷市场的均衡。信贷配给的存在说明,依赖信贷市场的自发作用,是难以达到借贷资金的供求均衡的。亚当·斯密     

Futures Trading Activity and Commodity Cash Price Volatility

Abstract:   This paper examines the lead‐lag relationship between futures trading activity (volume and open interest) and cash price volatility for major agricultural commodities. Granger causality tests and generalized forecast error variance decompositions show that an unexpected increase in futures trading volume unidirectionally causes an increase in cash price volatility for most commodities. Likewise, there is a weak causal feedback between open interest and cash price volatility. These findings are generally consistent with the destabilizing effect of futures trading on agricultural commodity markets.     

渔业协会的管理中介功能和组织机制培育

本文结合渔业和渔村的状况，对开展渔民协会组织工作及如何发挥渔业协会的管理功能等进行探讨，提出政府、渔村、渔民以及其他相关部门应当积极主导、参与渔业协会组织的建立．给予渔业协会在管理中介上的相应权利，同时，为发挥管理中介功能，培育组织机制。     

Information flows within and across sectors in Chinese stock markets

We examine the patterns of information flows within and across sectors of the two Chinese stock exchanges in Shanghai and Shenzhen during 1994–2001. Using the generalized forecast error variance decomposition, we find a high degree of interdependence, indicating that the sectors are highly integrated and sector prices reflect information from other sectors. Industry is the most influential sector in both exchanges, while Finance in Shenzhen is the least integrated with other sectors. Implications of the findings for investors and policymakers are also discussed.     

我国县域民营企业发展探析

近年来,由于各县都在积极实施县域经济发展战略,民营企业发展呈现勃勃生机,获得了快速发展,但笔者认为仍存在诸多的问题,需采取相应的对策。     

战略管理理论在港口企业管理中的应用

近年来,全国各地掀起了港口建设的高潮,投资金额动辄数百亿元,其规划之大、投资之巨,均属空前.然而,巨资建设港口背后的主要力量是地方政府,地方政府这只有形的手在发挥着主力作用,而港口企业并没有真正走向前台,根据企业自身的战略需求来发展企业,在一定程度上出现了"战略迷失".笔者认为,港口企业要实现可持续发展,应当切实关注企业自身的战略.基于此,本文将简要回顾战略管理理论的历史演变,并给出战略管理理论在港口企业中应用的基本模式.     

Collaboration between industry and research institutes/universities on industrial innovation in Beijing, China

Most R&D resources in China were allocated to public research institutes/universities until the economic transition of the mid 1990s. To maximize the return from these resources, it is important to have a healthy collaboration between industry and research institutes/universities on industrial innovation. This paper examines that relationship and discusses some empirical evidence on its efficiency with particular reference to industry in Beijing. Following a survey of 950 industrial enterprises, the influences of the collaboration relationship on industrial innovation were analyzed. The main findings indicate that the technology novelty of industrial innovation is positively related to that relationship, i.e. the more the collaboration, the higher the technology novelty of the innovation. However, the collaboration relationship is less efficient in terms of economic performance indicators such as innovation sales and profit ratios, to measure innovation. Moreover, the collaboration relationship is still far from efficient in stimulating industrial innovation in China. The major barriers to successful collaboration have also been addressed in this paper with the aim of devising policies and suggesting possible improvements to collaboration efficiency.     

关于如何进行个人所得税改革的思考

笔者从事银行的资金监控和企业税务工作多年，针对我国目前的个人所得税法及个人所得税的征收过程中出现的诸多问题，作了较为深入全面的调查和思考。现将其提出来，以供大家共同探讨，希望我国的个人所得税的改革能得到全新的圆满的解决。     

企业中层管理人员管理能力综合评价研究

在企业中中层管理人员是指从事联结垂直性相关团体的活动,并对本部门工作承担责任的企业成员。其管理能力高低直接影响到企业的正常运营,是一个企业发展壮大的重要保证。通过应用模糊层析分析法(FAHP),对中层管理人员能力进行综合评价,以帮助企业有效的评价和遴选人才,在激烈的市场竞争中保持领先地位,实现持续发展。