搞好预算执行审计应注意解决好的几个问题

几年的审计实践表明，预算执行审计对维护国家财经法纪，强化预算管理起到了十分重要的作用，但也需要注意处理和解决一些问题，主要包括：应正确处理好预算执行审计与其他审计项目的关系，预算执行审计与财税工作的关系，预算执行审计与财政决算审计之间的关系，加强对重点单位和重点资金的管理，使用和效益等的审计。     

关于我国国库集中支付制度改革的思考

当前我国财政改革的重点是支出管理改革，而国库集中支付制度是支出管理改革的内容之一，该文首先分析了当前国国库管理体制存在的主要问题和建立国库集中支付制度的必要性，在此基础上提出了建立这一制度的指导,了后提出了关于建立我国国库集中支付制度的一些具体设想。     

我国饲料企业存折户管理若干问题浅析

在我国的饲料企业中,存折户结算方式已被广泛地使用。文章在简要地介绍了我国饲料企业对存折户应用概况的基础上,系统地阐述了存折户管理中存在的主要问题,并重点论证了加强饲料企业存折户管理的对策和建议。     

External adjustment

Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990, and the short-run capital gains and losses on those assets can amount to significant fractions of GDP. These fluctuations in asset values render the national income and product account measure of the current account balance increasingly inadequate as a summary of the change in a country's net foreign assets. Nonetheless, unusually large current account imbalances, especially deficits, should remain high on policymakers' list of concerns, even, for the richer and less credit-constrained countries. Extreme imbalances signal the need for large and perhaps abrupt real exchange rate changes in the future, changes that might have undesired political and financial consequences given the incompleteness of domestic and international asset markets. Furthermore, of the two sources of the change in net foreign assets—the current account and the capital gain on the net foreign asset position—the former is better understood and more amenable to policy influence. Systematic government attempts to manipulate international asset values in order to change the net foreign asset position could have a destabilizing effect on market expectations. JEL no. F21, F32, F36, F41     

Nominal shocks and the current account: A structural VAR analysis of 14 OECD countries

This paper provides some empirical evidence on one of the most controversial theoretical implications of the new open economy literature, which refers to the role of the current account in the international monetary transmission mechanism. In order to throw some light on this issue, two structural VAR models are estimated separately for 14 industrialized countries. The main empirical results highlight the importance of the role of nominal disturbances for current account fluctuations. Additionally, it is found that expansionary nominal shocks generate temporary current account surpluses, whose size is positively correlated with the openness of the individual countries. JEL no. C32, E40, F41, F42     

关于克隆技术社会意义的伦理思考

克隆技术早已“沸沸扬扬”,但是我们并未揭开它那似明非明的“面纱”,要识其“庐山真面目”,远非指日可待。但“克隆”的备受关注 ,表明科学本身影响力在扩大、科学在发展 ,更为重要的是表明人类对“自我”的认识在深化。     

基于Klein资本开放模型的实证研究及其对中国的启示

对于资本项目开放这一热点问题,Klein(2003)所建立的模型为研究指明了方向,该模型强调了资本开放对经济增长的影响受本国国情因素的制约。本文在原模型思想的基础上,采用面板数据分析方法研究了资本开放的动态过程,并以和中国国情相似的拉美和亚洲一些发展中国家为样本,使结果对我国的资本项目开放更有意义。最后针对我国目前的国情,结合实证分析结果,给出对我国资本项目开放的一点建议。     

Sustainable and Excessive Current Account Deficits

Both the Mexican crisis of 1994–95 and the Asian financial crisis of 1997–98 have been preceded by large current account deficits run by the affected economies. External deficits are often assumed to play an important role in the propagation of financial crises in emerging markets. Policymakers are faced with a new challenge: that of resisting or accepting the large current account deficits that may result from heavy private capital inflows. This paper aims at providing some guidance:First, the Lawson Doctrine – according to which current account deficits that result from a shift in private-sector behaviour should not be a public policy concern – has been discredited by recent currency crises in Latin America and Asia. Second, define the size of current account deficits that should be sustainable in the long run. Third, the intertemporal approach to the current account does not provide a reliable benchmark to define when deficits become excessive. Fourth, large external deficits should be resisted if unsustainable currency appreciation, excessive risk-taking in the banking system and a sharp private spending boom are seen to coincide.     

人民币资本帐户对外开放的战略分析

东南亚金融危机的爆发 ,使我国对实现人民币在资本项下可兑换问题进行更加深入的思考成为必要。本文主要分析在实行资本项目下人民币可兑换的过程中为减少金融风险而必须注意的问题     

Capital Inflows to Hungary in 1995–96 and the Accompanying Policy Responses

In order to analyze the composition and effects of, and the policy responses to, capital inflows to Hungary during 1995–96, we present an analytical framework that emphasizes the distinction between net capital flows to the private and public sectors (the latter includes the government and the central bank). This distinction is essential in Hungary's case, because figures for overall net inflows conceal the fact that huge net capital inflows to the private sector were accompanied by large repayments of foreign public debt, covered by significant privatization revenues. We present indicators of the domestic monetary impact of net capital inflows in order to analyze the magnitude, costs, and effects of sterilization. We note that extensive sterilization and the use of privatization revenues for public debt repayment largely explain why capital inflows to Hungary did not have significant effects on the real economy or on domestic monetary aggregates in the period reviewed.