New European Banking Governance and Crisis of Democracy: Bank Restructuring and Privatization in Slovenia

ABSTRACT

The paper makes three contributions to the understanding of the post-crisis European banking governance. First, it offers a more comprehensive approach to banking governance, beyond the Banking Union, through its concept of ‘New European Banking Governance’ (NEBG) that incorporates EU state aid rules and fiscal regulations. Second, it considers the impact of NEBG on democratic institutions and processes in EU member states, an under-researched topic in the literature on European banking governance. Finally, through its in-depth case study of Slovenia it considers the NEBG in relation to peripheral Eurozone states. It argues that the post-crisis banking governance framework of the EU not only severely constrained the Slovenian state in its policy choices but rearranged its policy-making institutions in a way that restricted and continues to restrict democratic banking policy formation.     

On the formation of interaction networks in social coordination games

There are many situations where two interacting individuals can benefit from coordinating their actions. We examine the endogenous choice of partners in such social coordination games and the implications for resulting play. We model the interaction pattern as a network where individuals periodically have the discretion to add or sever links to other players. With such endogenous interaction patterns we see multiple stochastically stable states of play, including some that involve play of equilibria in the coordination game that are neither efficient nor risk-dominant. Thus the endogenous network structure not only has implications for the interaction pattern that emerges, but it also has a significant impact on the play in the coordination game relative to what would arise if the same interaction network were exogenous.     

Debt monetization,inflation, and the ‘neutral’ interest rate

The main purpose of this study is to explore the potential expansionary effect stemming from the monetization of debt. We develop a simple macroeconomic model with Keynesian features and four sectors: creditor and debtor households, businesses, and the public sector. We show that such expansionary effect stems mainly from the reduction in the financial cost to servicing the public debt. The efficacy of the channel that operates allegedly through the compression of the risk/term premium on securities is found to be ambiguous. Finally, we show that countries that issue their own currency can avert getting stuck in a structural ‘liquidity trap’ provided their central banks are willing to monetize the debt created by a strong enough fiscal expansion.     

论企业与自然关系协调中的技术选择

人们在检讨工业文明带给人类的后果时,对工业文明的技术的缺陷进行深刻认知。并非是所有的基于当代科学而产生的技术都可以满足可持续发展的需要。为实现人类社会的可持续发展,在实践中,必须对不断涌现的技术进行有标准的选择。我们把经过选择的技术称为“恰当技术”,“恰当技术”的采用展示了可持续发展的美好前景。     

小额信贷与小额保险合作发展研究

小额保险可以有效降低农村小额信贷的风险,但目前它们之间缺乏深入的合作。就小额信贷与小额保险相关方的合作效用、合作现状及原因进行了分析,并提出了双方协调发展以获取双赢结果的建议。     

我国东中西部三地区环境与经济系统发展的协调度研究

区域环境与经济系统发展的协调度研究,具有高度复杂性、不确定性、多层次性等特点,难以量化,近年来已成为理论和应用研究的热点问题.在总结现有研究成果的基础上,构建了环境与经济协调发展评价指标体系,并根据相关数量模型对我国东部、中部、西部三大地区的环境与经济发展协调度进行了综合度量,以期为区域经济可持续发展状况的时空比较和有关政策的实施提供科学的依据.     

河南省高等教育与经济协调发展研究

高等教育与经济发展的良性互动,是实现可持续发展的重要保证.一般来讲,二者应呈现正相关的关系,但是也有超前或滞后的情况.河南省作为一个经济相对落后但又快速发展的省份,二者是怎样的情形,是否有自身的特点.本文借助于统计方法,通过对河南省高等教育发展与经济互动的实证分析,得出河南省高等教育与经济基本协调发展,但省内各地市高等教育发展存在较大差异的结论,并对如何提高河南高等教育与经济的适应性和协调型发展提出策略.     

旅游产业与县域经济耦合协调发展研究 ——来自桂林阳朔县的经验证据

旅游业可以带动县域经济的发展,但也要依靠一定程度的经济作为基础支撑,如何协调好两者的均衡发展,关系到旅游产业与县域经济的耦合协调问题。以阳朔县为研究对象,采用协整分析、误差修正模型以及耦合协调度分析的方法对2004年至2018年阳朔县旅游产业和经济的关系和耦合协调性进行研究。结果表明：旅游产业和经济之间存在长期均衡的关系,经济的短期波动受旅游产业的短期波动以及误差修正项的影响;旅游产业和经济在观测期间由轻度失调逐渐转变为良好协调的状态。     

建设项目协调管理机制研究

建设项目协调管理职能需要通过各种管理活动来实现,而协调管理职能的实现是由各项管理活动中蕴含的协调管理机制所决定的。文章在阐明建设项目协调管理机制内涵的基础上,提出了5种重要的建设项目协调管理机制:决策机制、合作机制、沟通机制、激励机制和约束机制,并由此构建了这5种协调管理机制的运行模式,以期为建设项目协调管理实践提供理论基础。     

供应链管理中的协调机制设计

本文首先指出协调问题是供应链管理中的核心问题,阐述了协调机制的理论背景,基于博弈论和机制设计理论给出了协调机制的形式化描述,在此基础上提出协调机制设计的思路和方法,并指出委托代理理论是协调机制设计中的一个重要理论工具。