国有商业银行改革所面临的困难及改进措施

随着加入WTO后金融领域的逐步开放和外资银行的大批涌入 ,国有商业银行的改革和创新日益紧迫 ,而影响国有商业银行发展和竞争力的根本因素依然存在 ,如资本严重不足、治理结构及经营机制不完善、经营环境不健全等。要解决这些问题 ,不仅需要商业银行本身加大改革力度 ,大胆进行制度创新 ,建立法人治理结构 ,还需要国家有关部门在宏观调控和具体政策上为国有商业银行营造有力的政策和市场环境。     

A note on a semiparametric approach to estimating financing constraints in firms

In this paper, we present a novel approach to modeling financing constraints of firms. Specifically, we adopt an approach in which firm-level investment is a nonparametric function of some relevant firm characteristics, cash flow in particular. This enables us to generate firm-year specific measures of cash flow sensitivity of investment. We are therefore able to draw conclusions about financing constraints of individual firms as well as cohorts of firms without having to split our sample on an ad hoc basis. This is a significant improvement over the stylized approach that is based on comparison of point estimates of cash flow sensitivity of investment of the average firm of ad hoc sub-samples of firms. We use firm-level data from India to highlight the advantages of our approach. Our results suggest that the estimates generated by this approach are meaningful from an economic point of view and are consistent with the literature.     

New development: New global health care PPP developments—a critique of the success story

Health care public–private partnerships (PPPs), where clinical services as well as infrastructure are delivered by the private sector, are coming under the spotlight as governments seek to achieve value for money in health budgets. Existing examples have been widely reported as successful. However, this article urges caution as a closer look at the evidence shows that handing over control of service delivery to the private sector is difficult to monitor and evaluate, carries cost implications which remain largely unquantified and can create additional risk.     

The Path to Enhance Quality of Suspicious Transaction Reports for Anti-Money Laundering

反洗钱制度安排的一项核心内容是金融机构向反洗钱情报部门提交可疑交易报告。目前,金融机构可疑交易报告数量庞大而情报价值较低,已成为制约反洗钱工作开展的主要障碍。本文在分析可疑交易报告质量影响因素的基础上,给出了提升其质量的系统管理路径,包括完善报告制度、优化报告流程、实施风险管理、创新技术手段、拓展审计职能等。     

双寡头竞争平台的商业模式选择研究

通过建立模型,并将负的组内网络外部性和正的组间网络外部性引入到模型中,研究双寡头竞争平台的商业模式选择。研究结果表明,当消费者给商家带来的正组间网络外部性效应与商家带给消费者的正组间网络外部性效应二者之间的差距足够大时,两个平台均会选择双边市场模式;而当二者之间的差距异常小时,两个平台将选择单边市场模式;但是当二者之间的差距介于中间水平时,其结果就主要取决于平台产品或服务的差异化程度以及商家之间负的组内网络外部性强度。     

高校智力资本运作效率的数据包络分析

文章在综合分析高校智力资本的基本概念和主要内容的基础上，提出了用数据包络分析方法评价高校智力资本运作效率的基本思路与方法，并以8所高校在同一学科中的智力资本运作情况为算例，对数据包络分析的算法和所使用的计算工具作了说明。     

货币供应量对我国股票市场影响的实证研究

本文将货币供应量与沪深股指作为代表变量纳入货币金融系统内进行分析,旨在借鉴较为成熟的金融计量方法实证分析货币供应量对于股票价格指数的互动情况,建立适当的VAR模型以及利用VAR模型进行分析,同时对数据进行乔纳森检验(Johansen检验)和格兰杰(Granger)因果检验,并在此基础上分析货币供应量作为货币政策中介工具作用于股票市场的可控性和可测性,从而研究货币供应量与股票价格指数之间的相关关系,得出货币供应量对于股票市场的一般影响机制,指出我国货币政策的缺陷和存在的问题,提出相应的应对策略与建议。     

改革开放以来我国贸易条件的变动分析与预测

随着我国近几年来经济高速增长,产业结构的不断优化升级,在国际贸易问题上也遇到了许多新的问题。本文将以我国近年来我国制成品贸易以及我国商品贸易条件为研究对象,分析现阶段我国制成品贸易受商品贸易条件恶化和收入贸易条件变化改善的影响,同时对未来两年的商品贸易条件和收入贸易条件以及制成品的出口变动情况进行分析与预测。