Internal labour markets in the Australian banking industry: their nature prior to the Second World War and their recent decline

This paper uses evidence from late nineteenth-and early twentieth-century personnel records of two Australian banks to examine the nature of internal labour markets prior to the Second World War. It is argued that the industry possessed all the classic features of internal labour markets: limited ports of entry, internal promotion, long careers, and assignment of wages by well-defined rules. The paper then examines the reasons why banks adopted internal labour markets. Finally, the paper examines the recent decline of internal labour markets and examines the role of technological and social changes in this decline.     

欧盟成员国银行业政策主要特点分析

本文认为欧盟《第二银行指令》全面推动了欧盟各成员国银行业规制协调,可将成员国近20年以来的银行业政策主要特点归纳为四个方面,即全面放松管制、私有化、鼓励银行并购和对外扩张,金融监管体制一体化。这些政策促进了各成员国银行业竞争和快速发展,提高了欧盟银行业效率和盈利,有助于降低消费者和企业的融资成本,提高欧盟银行业整体抗风险能力。     

Optimal Contracts for Central Bankers: Inflation versus Money Supply and Exchange Rate Targets

Some recent papers have shown how a simple contract can eliminate the inflationary bias of discretionary monetary policy. This paper shows that if the central banker is risk averse, a contract in terms of money is superior to one in terms of inflation. The paper also shows that, if the central banker cares about his reappointment, an exchange rate target might always leads to the implementation of the optimal policy.     

‘Parasitic invasions’ or sources of good governance: Constraining foreign competition in Hong Kong banking, 1965–81

This paper investigates the operation and impact of the moratorium on new banking licences imposed in Hong Kong in 1965 and the claims that foreign banks destabilised the banking system and drained resources from the colony. First it examines foreign banks' attempts to circumvent the moratorium through claims of special circumstances and buying interests in local banks, and secondly it examines the efforts of incumbents to extend barriers to non-bank financial institutions and to branches of foreign banks. The general conclusions are that while the moratorium was aimed at increasing the stability of the banking system, it had the effect of decreasing the regulatory breadth of the government, and reducing incentives for mergers and acquisitions that might have improved governance.     

电子商务网络安全技术探讨

本文主要介绍了电子商务网络安全的概念,面临的威胁及数据加密技术,系统安全技术、防火墙技术。从而提供在实际应用中如何加强防范,提高网络安全性。     

International Financial Cooperation and the Number of Adherents: The Basel Committee and Capital Regulation

Theoretical analyses of international cooperation point to cooperation being optimized with a small number of participants. History is consistent with this view. However an anomaly is the international capital standards created by the Basel Committee on Banking Supervision (BCBS). Basel I has over 100 adherents, and approximately that number of countries have been identified in a survey as candidates for Basel II. The author demonstrates that this is not an anomaly. First, Basel I was a product of a duopoly and then an oligopoly prior to approval by the BCBS. Secondly, self-interest and other factors explain why more than 100 countries have agreed to accept these standards. JEL Classification Numbers: E58, F33, G15, G28     

Transparency in the interbank market and the volume of bank intermediated loans

In the present paper we study the equilibrium interaction through which the interbank market is related to the public lending and borrowing market. It turns out that this interaction is affected by the transparency in the interbank market. Interbank market transparency is modeled by means of more informative signals about future interbank rates. We find that more transparency might increase or decrease the volume of bank intermediated loans in the public market. In particular, the impact of more transparency on the volume of loans depends on the curvature of the marginal cost function of the banking firm. Furthermore, we find that expected profits of the bank are higher when the interbank market is more transparent.     

从合作金融走向社区银行——基于杭州联合银行个案分析的农村合作银行发展的思考

本文从社区银行的定义和特点出发,以杭州联合农村合作银行为例,在对农村合作银行从合作金融走向社区银行的必要性和可行性进行分析的基础上,提出了社区银行是农村合作银行谋取进一步发展的现实选择。但从中长期发展来看,农村合作银行转型为社区银行的道路还很长,必须厚积薄发,全面根治。最后文章就如何使农村合作银行快速、稳健地从合作金融走向现代化社区银行提出了对策和建议。     

利率市场化背景下银行系统性危机的实证研究

从利率市场化的国际经验来看,无论是在发达国家还是发展中国家,其实施过程都容易导致不同程度的银行业危机。采用1973~2012年42个国家的面板数据,对利率市场化背景下的银行业危机进行的实证研究表明：利率市场化的推进将增加银行系统性危机发生的机率,特别是在存款利率市场化阶段,而严格的银行监管是抑制银行系统危机发生的有效方法;显性存款保险制度的设立无助于利率市场化后银行系统性风险的防范,甚至有可能会增加危机发生的机率;资本账户开放下进行利率市场化会增加银行系统危机发生的机率。利率市场化进程中允许开设民营银行不会增加银行系统危机的发生机率。