Interbank Relationships and the Credit Channel in Germany

A crucial condition for the existence of a credit channel through bank loansis that monetary policy should be able to change bank loan supply. This papercontributes to the discussion on this issue by presenting empirical evidence fromdynamic panel estimations based on a dataset that comprises individual balancesheet information on all German banks. It shows that the average bank reduces itslending more sharply in reaction to a restrictive monetary policy measure the lowerits ratio of short-term interbank deposits to total assets. A dependence on its size canonly be found if explicitly controlled for this dominating effect. Overall, the evidenceis compatible with the existence of a credit channel but the results indicate that it is weakened by the network structures that exist in the German banking system.     

基于供应链管理的企业营销渠道创新

传统渠道链的内在缺陷和新竞争模式的外在压力迫使企业必须通过渠道创新以获得新的利润和竞争力。本文在借鉴供应链管理优势的基础上,从组织结构、成员关系和管理模式创新三方面入手,提出渠道构建的逆向模式,以实现渠道的系统优化及各成员的长远利益最大,并使得市场的覆盖更为有效。     

建设城市中小型污水处理厂的方案选择

文章首先对城市污水处理厂二级处理的工艺选择及设计方案进行了探讨然后对经常采用的处理工艺进行了技术经济比较。     

越库作业调度问题及其启发式算法研究

主要研究两台机器环境下的以加权完工时间和为目标函数的越库调度问题。首先针对两机器越库调度问题进行研究与分析,给出该问题最优解的若干性质;其次,基于最优解的性质,提出求解该问题的启发式算法,并在此基础上对所给算法进行改进;最后,通过数值实验与动态规划算法比较,证明所给算法及其改进算法的有效性。     

Panel unit root tests under cross-sectional dependence

In this paper alternative approaches for testing the unit root hypothesis in panel data are considered. First, a robust version of the Dickey-Fuller t -statistic under contemporaneous correlated errors is suggested. Second, the GLS t -statistic is considered, which is based on the t -statistic of the transformed model. The asymptotic power of both tests is compared against a sequence of local alternatives. To adjust for short-run serial correlation of the errors, we propose a pre-whitening procedure that yields a test statistic with a standard normal limiting distribution as N and T tends to infinity. The test procedure is further generalized to accommodate individual specific intercepts or linear time trends. From our Monte Carlo simulations it turns out that the robust OLS t -statistic performs well with respect to size and power, whereas the GLS t -statistic may suffer from severe size distortions in small and moderate sample sizes. The tests are applied to test for a unit root in real exchange rates.     

中国货币政策传导机制分析——利率渠道的实证分析

市场经济条件下，在发达的货币市场和有效的金融机制基础上，货币政策主要通过利率、汇率、非货币资产和信贷传播四条途径影响宏观经济总量。本文重点通过对利率传导渠道的实证分析，说明中国由于利率管制等方面对货币政策传导的阻滞作用，中央银行的货币政策意图不能有效地指导实体经济，进而对疏导货币政策的传导机制提出对策建议。     

浙江省水利投融资的分析

在剖析了浙江省近年水利资金投向结构及水利建设资金来源构成的基础上，对浙江水利资金投向结构发生变化的原因以及浙江水利融资的特点进行了分析研究，提出了今后稳定水利投资规模的对策和建议。     

民事与行政争议交叉案件审理现状、存在问题及对策分析——以南宁为视角

对民事与行政争议交叉案件的审理,各地人民法院司法实务上处理不一,方式多种多样,其原因可归结为立法规定的缺失与理论研究的不足两个方面;各自为政的处理方式,带来了诸多弊端.为了公正、高效地处理好这类案件,既要借鉴他国的处理经验,同时又要构建符合中国法文化传统的交叉案件的处理机制.     

民主决策：新世纪条件下的战略选择

民主决策是新世纪条件下领导方式的一个战略选择。要实现决策民主，不仅领导者必须具有较高的民主素养，而且要完善和发展民主集中制，加强法律控制，改革决策机制，健全群众监督制度。在实行民主决策过程中，还应处理好集体决策与个人拍板、民主与集中先后顺序、连续性与创造性、抓大与放小的关系。     

S-CDMA技术在HFC网络上行信道中的分析应用

在基于CATV的HFC双向网络中,S-CDMA的同步处理技术可以最大限度地克服上行信道中的噪声干扰,提高信道的利用率,确保数据传输的可靠性。