欧元之父--罗伯特·蒙代尔的经济学贡献

蒙代尔是最优货币区域理论的首创者,他分析了不同汇率体制下财政政策与货币政策的合理配置理论,从货币角度研究国际收支理论及供给学理论,促成了欧元的出台,被尊称为"欧元之父".蒙代尔对中国改革和发展给予了高度关注,并提出许多有益的建议.     

由非货币性交易新准则引发的一系列思考

为了适应我国企业经营方式的变化和提高证券市场会计信息披露的质量，财政部于2001年初对非货币性交易准则重新予以修订。新准则实施1年来，发挥了抑制关联交易、打击证券投资市场投机活动的重要作用，体现了会计准则的中国特色和国际化的有机协调。但任何事物都有其两面性，新准则在其具体实施过程中出现了准则和制度的衔接、自身的发展与完善等诸多问题，而此类问题的出现应当引起广大会计界人士的关注。     

货币政策影响居民储蓄行为的有效性分析

本选取了我国1994年至2000年的统计数据，通过统计学的方法来分析货币政策在分流我国居民的巨额储蓄时是否有效，并进一步分析了对货币政策效果产生干扰的制度因素。     

我国外汇金融风险成因及对策研究

外汇金融风险的表现形式及成因 ,防范外汇金融风险的对策 :营造风险管理环境 ,建立外汇监管机制 ,提高外汇监管人员素质。     

补充货币、社区货币及其试运行路径

通过对克鲁格曼、列特尔和党爱民等学者的研究文献解读,有了补充货币及其社区货币中国试运行的四种选择路径：公益互助性的城市社区货币所昭示的时间经济具有旺盛的生命力;在农村流行的道义性“社区货币”中硬塞进一个信用券证无助于扶贫济困;以名目繁多的消费券为主要标志的社会分红试验显示出全民分红逐渐推广的重要迹象;对网络虚拟货币突破货币发行政府垄断之“门”的小小缺口,宜疏不宜堵。     

区域经济一体化的最优货币区理论分析

欧盟是迄今为止运行最为成功的区域经济一体化组织,欧元的出现以及成功运行标志着区域经济一体化进入货币一体化的更高层次。作者首先阐述了区域经济一体化理论的产生与发展以及蒙代尔教授提出的最优货币区理论,并提出了从最优货币区理论的角度来分析区域经济一体化理论的观点,然后探讨了在一个经济区域内建立最优货币区的标准的问题,最后用 GG-LL模型分析了区域内各经济体与最优货币区的关系,从而最终建立了分析区域经济一体化本质的新视野。     

Cointegration as an explanation for the Meese–Rogoff puzzle

Some economists suggest that the failure of exchange-rate models to outperform the random walk in exchange rate forecasting out of sample can be attributed to failure to take into account cointegration when it is present. We attempt to find out if cointegration matters for forecasting accuracy by examining the relation between the stationarity and size of the forecasting error. Results based on three macroeconomic models of exchange rates do not provide strong support for the proposition that cointegration matters for forecasting accuracy. The simulation results show that while stationary errors tend to be smaller than non-stationary errors, this is not a universal rule. Irrespective of the presence or absence of cointegration, none of the three models can outperform the random walk in out-of-sample forecasting, which means that cointegration cannot solve the Meese–Rogoff puzzle.     

Turning values concrete: the role and ways of business selection in local currency schemes

Alternative consumption schemes require the selection of producers and traders according to criteria and through processes that should make alternative values concrete. The way values turn concrete is crucial for the effectiveness of such projects. This paper investigates the ways criteria and processes are defined and their real meanings and uses through the case of associative local currencies. Drawing on the framework of proximities, it analyses local currency schemes as combining proximities (geographical and non-geographical) and selection processes set up for providers wishing to join. Selection processes may be based on a charter, an approval committee and screening criteria. The objectives of the selection, its measures in principle, the way in which it is applied as well as the practical consequences are discussed. Even when charters and formal participatory schemes for selecting providers are established, proximities appear as the keystone of selection and trust.     

Same currency,different strategies? The (asymmetric) role of the exchange rate in shaping European agri-food exports

This article uses a nonlinear autoregressive distributed lag (NADRL) model introduced by Shin, Yu, and Greenwood-Nimmo (2014) to assess the role that the exchange rate plays in shaping European agri-food exports after the introduction of the Euro. Although the 10 countries of this study share the same currency (and thus a single nominal exchange rate with the US), cross-country discrepancies of exports’ reactions to exchange rate changes are evident. Moreover, I find that exchange rate changes influence exports asymmetrically in the long run. Euro appreciations are harmful to a lesser extent than Euro depreciations are beneficial for European agri-food exports. The magnitude of this effect is country-specific and varies considerably between individual exporting countries. Exported quantities are less affected by exchange rate fluctuations than export values, which is in line with local currency price stabilization strategies of the exporters. This finding is interpreted as a sign of an incomplete exchange rate pass-through due to strategic (asymmetric) markup adjustments by firms with heterogeneous productivity. Besides that, the outcomes suggest that nonprice competition might be in play in some cases.     

我国央行控制货币供给能力的分析

本文首先从货币供给过程中的基础货币和货币乘数这两个环节入手,从理论上分析了我国央行对货币供给的控制能力.同时我国正处于社会主义市场经济的发展和转轨阶段,市场经济体制还很不完善,这些特殊国情使得我国的货币供给量更加难以控制.而且在当今金融创新、金融放松管制和全球金融市场一体化的背景之下,各个层次的货币供应量之间的界限更加不易确定,基础货币的扩张系数也失去了以往的稳定性,这又进一步强化了我国货币供给的内生性.通过对上述复杂因素的综合分析,探讨了我国央行对货币供给不可控性的深层次原因.