利率决定论的发展和利率市场化的推进

在20世纪30年代之前,西方学者分析了决定和影响利率的实体经济、货币和主观心理等因素,但着重分析实体经济因素。20世纪30年代以来,西方学者又提出流动偏好、可贷基金、债券供求等众多利率决定论的观点,还提出与利率决定有关的IS—LM模型和宏观一金融模型等。要对西方利率决定沦进行总结。要根据利率决定和形成的机理以及社会主义市场经济发展的需要,推进我国利率市场化改革,为此要有较为稳定的宏观经济环境,并深化经济体制改革。     

贸易自由化对我国地区收入不平等的影响:来自中国的经验证据

文章基于协整的VAR模型从实证的角度研究了我国地区收入不平等与贸易自由化之间的长期均衡和短期动态关系。研究发现：（1）地区收入不平等、贸易自由化与经济增长之间存在长期均衡关系,贸易自由化和经济增长对于关注参数而言是弱外生变量;（2）贸易自由化在长期内减缓了我国地区收入不平等程度,但在短期内却导致了我国地区收入不平等程度的上升;（3）经济增长长期内趋于提高了我国地区收入不平等程度,但短期的影响方向不确定;（4）地区收入不平等是一个随机游走过程,不是一个含有结构突变的趋势平稳过程。     

国际小额信贷模式运作机制比较研究

国际上公认有成效的四种小额信贷模式在贷款抵押、利率形式及目标客户的选择等运作机制设计上存在差异.通过比较发现以连带责任替代抵押担保、以市场化利率取代贴息利率及采用动态贷款激励是这些模式取得高还款率和绩效的关键.为使小额信贷能在新农村建设中发挥作用,我国应建立以农村信用社为基础、市场化运作的小额信贷模式,把联保机制引入农村经济组织及实施差别利率,实现小额信贷财务持续性、服务穷人与社会效益的平衡发展,最终缓解或消除贫困.     

金融自由化、资源配置偏向与城乡收入差距——基于省级面板数据的经验证据

文章运用主成分分析法,重测了我国金融自由化指数值,同时采用31个省级面板数据,实证分析了金融自由化、资源配置偏向对我国城乡收入差距的影响。结果表明,金融自由化弱化了金融资源配置偏向对城乡收入差距的抑制作用;财政、固定资产投入偏向,均拉大了城乡收入差距;而FDI则一定程度上缩小了城乡收入差距。此外,金融自由化、资源配置偏向对城乡收入差距的影响,具有区域差异性。     

关于对利率市场化的再认识

利率市场化是我国目前正在积极推进的一项重要金融改革工作。本文对利率市场化的基础、要求和利率传导机制进行了总结,提出了利率市场化风险识别的分析点,考察了目前商业银行理财产品对利率市场化的探索,在此基础上,提出完善利率市场化改革的措施建议。     

The effect of foreign trade and investment liberalization on spatial concentration of economic activity

I examine the varying responses of countries to foreign trade and direct investment liberalization on spatial concentration of their economic activity by taking into consideration moderating factors such as their market size and level of economic development. I argue that liberalization increases the concentration under normal conditions but large market size, and underdevelopment can disperse economic activity. Using data from 168 countries for the period of time starting in 1980s, I found support for all hypotheses.     

Economic Deregulation and Trade Liberalization in Kenya,Tanzania and Uganda: Growth and Poverty

With economic growth as a principal target, Kenya, Tanzania and Uganda have implemented deregulation and trade liberalization policies. By tracing the trends in major economic aggregates, the progress of these economies is reviewed. While acknowledging the conceptual arguments supporting the measures adopted, constraints in both the international economy and domestically have resulted in disappointing outcomes. International trade rules and practices, particularly in the agricultural sector, have worked against all three countries. Moreover, their domestic economies lack crucial resources. The results suggest that it may be a long time before the deregulation policies lead to a reduction in poverty.     

Issues in the Use of Benchmarking by Church Leaders

ABSTRACT

With church attendance falling, church leaders are searching for methods to reverse that trend. Benchmarking the practices of successful churches offers one such avenue. This article points to issues of internal and external fit which should be considered before those benchmarked best practices are implemented by church leaders.     

Social networks and electronic commerce in China∗

Communications technologies that make up the emerging global information infrastructure have the power to regulate online behavior. Social networks in Chinese society have survived the growth of formal legal institutions and liberalization of China's economy, but it is not clear whether they can survive the regulatory pressures created by global information technology networks. The spread of electronic commerce technologies in China may strengthen legal institutions and open local markets to international competition, but is likely to be resisted by all the same interests that resist those changes in other contexts. The Chinese response to the spread of electronic commerce might take several forms: assimilation; marginalization; or localization of new forms of commercial activity that rely on new technologies.     

Perceived Value of Mexican vs. US Products in Mexico,Venezuela and the United States

Abstract

With the advent of NAFTA and the liberalization of Latin American markets, Mexican firms have gained new strategic options, many of which revolve around exporting regionally or to the United States and Canada. The studies explore consumer reactions to Mexican products. The first study compares value perceptions of a cross-national sample of Mexican, US and Venezuelan respondents toward US and Mexican products. It also explores the moderating effects of product content and financial risk on value differentials. The second study, limited to Mexican and Venezuelan respondents, looks for evidence of a home country bias. While the strategy implications for Mexican products differ according to a product's level of content and financial risk, the studies indicate that inter-regional trade is a viable possibility.