论全球碳市场机制的完善及中国的对策选择

本文在全球气候变化的大背景下提出一个可以将世界各国都纳入到减排体系的金融创新方法,在对全球碳市场现状和问题进行分析的基础上,通过引入碳期权来完善碳市场机制,并进一步探讨碳期权的定价策略,提出中国融入全球碳市场机制以及参加国际气候谈判的对策建议。     

盛世走向封闭的教训值得汲取

关于苏联是怎么垮掉的,世界上论述很多,有人是说和平演变的,有人说是因为内部体制的问题.作为一个长期观察世界变化人来看,苏联兴盛起来,是开放带来的.苏联的第一个五年遍地计充分利用了1929年到1933年西方的经济危机,斯大林讲,他2/3的工厂是从美国引进的.但是战后苏联走向了封闭.     

基层邮储银行反洗钱工作路径选择

邮储银行作为承担反洗钱任务的金融机构,在配合相关部门打击洗钱犯罪方面做了许多努力,但是由于各种原因,基层邮储银行的反洗钱工作仍存在许多困境和不足,文章对反洗钱工作存在的困境和不足进行了分析探讨,并提出了相应的解决策略。     

中国体育产业发展研究

体育产业是国民经济产业结构高级化的重要组成部分,对其他产业具有较大的前后向效应。文章研究分析了中国体育产业的现状,探讨了存在的问题,提出了制定产业振兴规划、调整体育产业结构政策和加强体育产业投融资改革等对策,以加快我国体育产业的发展。     

小湾拱坝泄水孔坝段施工期温度场及温度应力仿真研究

采用三维有限元法对小湾拱坝泄水孔所在坝段施工期温度场及温度应力进行全过程仿真分析,得到了其温度场及温度应力变化的一般规律,为施工期间的温控提供参考.     

预防为主 关口前移 二○一○年山东抗洪抢险取得全面胜利

2010年,山东省防汛形势复杂而严峻,极端天气事件频繁发生,人民群众生命财产安全受到极大威胁,部分地区遭受了较为严重的洪涝灾害,水利工程损坏严重。面对严峻的防汛形势,全省上下在省委、省政府的坚强领导下,扎实准备,主动防御,快速反应,科学防控,全力落实各项措施,确保了全省安全度汛,实现了无一水库垮坝、无一骨干河道决口、无一人因洪死亡的防控目标。     

人力资本、国内研发、技术外溢与技术进步——基于中国省际面板数据和一阶差分广义矩方法的研究

本文研究了人力资本、国内研发和技术外溢与我国全要素生产率(TFP)之间的关系,并采用动态面板数据一阶差分广义矩估计方法对1985至2005年我国28个省(自治区、直辖市)的面板数据进行了实证检验.实证表明,进口和国内研发都显著地促进了TFP水平的提高,但我们没有发现外商直接投资对TFP有显著的促进作用,不同层次人力资本中也只有高等教育人力资本促进了TFP水平的提高;实证还表明,在吸收能力指标如人力资本、国内研发、收入水平以及综合技术水平中,只有综合技术水平促进了以进口为渠道的国际技术外溢.     

An Application of the Dynamic Network DEA Model: The Case of Banks in Taiwan

ABSTRACT

In this study, we apply the dynamic network slack-based measure data envelopment analysis model (DNSBM) to measure the efficiency of Taiwanese banks during the period 2005–11. Using the network structure, we define intellectual capital creation capability as one of the production stages. In order to capture the dynamics of the transformation process, the nonperforming loans and loan loss reserves are defined as carryover items. This study offers sufficient information for managers to understand not only the overall performance of their banks but also the efficiency of each production stage and the dynamic changes of the overall and divisional efficiencies.     

Do Sovereign Re‐Ratings Destabilize Equity Markets during Financial Crises? New Evidence from Higher Return Moments

This study investigates the effects of S&P's sovereign re‐ratings on the higher moments of equity market returns over recent financial crises. Using a set of intraday stock market index prices and sovereign credit ratings for a sample of 36 countries that experienced sovereign rating changes over the period from 1996 to 2013, we find that the higher moments of stock market returns are significantly more responsive to sovereign re‐ratings during financial crises, but the effects on stock markets are not the same across different financial crises. The effects during crises are, however, magnified for large downgrades and those that are associated with a loss of investment grade status. We find that there are asymmetric effects during financial crises in that downgrades are consistently more significant than upgrades in increasing realized volatility and realized kurtosis. Both upgrades and downgrades affect realized skewness in times of crises in the expected direction.