The Church and Community Responsibility

A theoretical anlysis of contemporary institutional changes in the developed economies is attempted in order to characterize what a post fordist growth regime could be. One starts to recall some stylized facts about the present growth regime, i.e. about the contemporary dynamics of productivity on one side and of demand formation on the other side. We then discuss the main theoretical tools provided by the Regulation theory to analyse the institutional nexus which frames the growth regimes. The analytical framework of institutional change that we derive insist on the predominance at each period of one of the five structural forms that are distinguished by the Regulation School. As did the dynamics of institutional changes with the wage labor relationships in the previous period, today's evolutions of the forms of competition (broadly taken) condition all institutional changes. This gives us a general grid to define the features of a post Fordist regime. Still differences in history and structures leave room for sizeable differentiation in the national trajectories of the developed economies, all the more so that competition between nation States much prevent them to launch the structural policies that would be relevant with the new regime.     

New financial elites,or financial dualism in historical perspective? An extended reply to Folkman,Froud, Johal and Williams

This paper challenges the recent suggestion that a new financial elite has evolved which is able to capture substantial profit shares for itself. Specifically, it questions the assumption that new groups of financial intermediaries have increased in significance primarily because there is evidence that various types of financial speculators have played a similarly extensive role at several junctures of economic development. The paper then develops the alternative hypothesis that, rather than being a recent development, the rise of these financial intermediaries is a cyclical phenomenon which is linked to specific regimes of capital accumulation. The hypothesis is underpinned by historical data from the US National Income and Product Accounts for the period from 1930 to 2000, which suggest that the activities of `mainstream' financial intermediaries have been accompanied by the frequently countercyclical activities of a `speculative' sector of security and commodity brokers. Based on the combination of this qualitative and quantitative evidence, the paper concludes that the rise of a speculative financial sector is a potentially recurrent phenomenon which is linked to periods of economic restructuring and turmoil.     

Efficiency and risk in commercial banking: empirical evidence from East Asian countries

This paper analyses the effects of off-balance sheet (OBS) activities and various types of risks on the cost and profit efficiencies of banks in seven East Asian countries between 2001 and 2008. Cost and profit efficiency scores are estimated using the data envelopment analysis approach. The results of this analysis are then used to identify the impact of OBS activities and risk exposures on cost and profit efficiencies using a Tobit regression. Bank insolvency risk (as measured by z-scores) is positively related to profit efficiency, while interest sensitivity, size, equity to total assets and OBS exposures all impact on cost efficiency. The analysis of the impact of input and output slacks illustrates that in around 1 in 5 cases banks’ cost efficiency can be improved by adjusting the former variables, whereas in only around 1 in 100 cases a similar outcome is possible for profit efficiency.     

On the Influence of China＇s Online Overseas Purchasing Agency and the Countermeasures

近年来，新兴的网络海外代购行业迅猛发展，缺乏监管和规范的海外代购逐渐引起政府相关部门的重视。网络海外代购促进国际间资源的优化配置、丰富了国内百姓的消费选择、带给国内企业积极的竞争环境，但会造成国家税收损失，关税保护能力削弱，网上跨境支付可能引发多种金融风险，对国内相关企业尤其零售企业造成冲击，国内消费者和代购商也面临多种风险。解决对策是：规范行业操作标准及相关规范；构建合理完善的电子商务税收法规体系，构建网络信息时代的外汇监管体系；增强消费者风险防范及维权意识，鼓励行业转型及创新。     

CREDIT DEFAULT SWAPS – WEAPON OF MASS DESTRUCTION OR RELIABLE INDICATOR?

Credit Default Swaps (CDS) are said to increase systemic vulnerability, but they also serve as an ex‐ante indicator of default probabilities, more finely‐tuned and more responsive than ratings agency reports. And they provide a useful mechanism for trading risk and an incentive for good management by businesses and governments.     

商标平行进口相关问题探讨

国际社会对商标平行进口的法律规制至今未达成一致,Trips协议对这一问题采取了回避的态度。文章对平行进口的基本理论进行了评析,探讨了美国和欧盟、日本等国家有关商标平行进口的立法动态和司法实践,提出应立足于我国在国际贸易中的地位,建立有利于我国经济发展的商标平行进口法律制度。     

美国智能电网的低碳法律政策及启示

发展智能电网，助推低碳经济是美国当前低碳法律政策的核心转向。独立与安全的国家能源战略、能源法律制度结构的低碳化趋势和低碳电力的商业瓶颈反映了美国智能电网的制度变革需求。以政策为实体引导、法律为程序保障的美国智能电网制度供给模式的启示是：立法是前提，政府的产业监管是核心，商业模式创新是基础。     

我国现行政府价格机制制定的问题及建议

政府制定价格机制行为与百姓生活息息相关,从这个意义上讲政府价格机制制定问题就是民生问题。由于市场经济自身存在着无法克服的缺陷,政府规制便成为对经济进行宏观调控的必然选择,政府制定价格机制就是政府规制的方式之一。我国目前正处于经济转型的战略选择期,政府如何更好地制定价格机制,使之真正实现服务发展、稳定经济、造福民众的规制目标,是摆在我们面前的一道现实问题。本文尝试通过对我国医疗服务价格规制的分析,探讨我国现行价格机制制定的问题以及谈谈本人建议。     

美国经济衰退的原因及解决的策略

近年来,美国的经济衰落严重地影响全球经济的健康发展。然而美国不甘心这种局面持续下去,在全球各地处处制造麻烦,以图混水摸鱼,挽救美国经济走出颓势。结果事与愿违,美国至今还没有从金融危机中走出来。那么是什么原因导致了美国的经济衰退呢,美国经济怎样做才能走出衰退的局面呢,这需要研究经济的人认真研究和探索,从中吸取教训,从而为中国经济的健康发展提供有益的借鉴。     

企业进行关系专用资产投资研究综述——基于市场权力视角

以企业市场权力为区分点,根据资源依赖理论,高市场权力企业进行关系专用投资可以保证自己持续的竞争力和议价能力;根据扩展后的交易成本理论,低市场权力企业从整个交易环境中进行专用资产投资可以产生正的溢出效应;而社会交换理论,对称市场权力企业进行专用资产投资是表示信任与承诺的积极方式。