Spread spectrum of knowledge network based on information integration environment

The concept and the characteristic of spread spectrum technology of knowledge network based on information integration environment are given at first. And the basic principle of the wireless network of knowledge and information is recommended. Then a project alternatives using the spread spectrum technology and wireless network is given to build a across-the abroad knowledge network system.     

浮息债券基准利率创新分析

浮息债券基准利率的选择直接决定了浮息债券的投资价值。中国目前浮息债券基准利率有一年期定期存款利率和7日回购利率两种。本文主要通过对两种基准利率的生成机制以及市场波动特征进行分析,重点讨论了不同基准利率浮息债券的融资成本以及浮息债券基准利率创新对中国商业银行证券投资管理带来的新的挑战。     

Risk and Capital Structure in the Regulated Firm

This paper studies the role of capital structure in a regulated firm. We show that it affects the prices set by the regulator, the expected price being lower the higher the proportion of debt finance. However, when debt is increased beyond a certain level, the benefit of lower expected prices is offset by their increased variability. We also study the socially preferred capital structure. This is such that consumers carry some risk, in the form of higher prices in adverse economic conditions.     

天津滨海新区区域经济特点、问题与对策

开发滨海新区是天津市经济发展的重大战略决策。经过7年的高速发展滨海新区已经形成了经济区的基本框架,成为天津市经济的龙头。本文综合分析了滨海新区的区域经济特点及其在发展过程中存在的矛盾和问题,在此基础上提出了加强区域经济持续发展能力建设的对策和建议。     

中央政府监管下的地方公债融资制度构想

作者认为,地方公共品需求的扩大和财政收支压力提出了地方政府债务融资的问题,而监督地方政府的民主机制建设落后,我国现阶段赋予地方政府独立举债权尚不现实,目前只能采取渐进式过渡性的办法--建立中央政府监管下的地方公债制度,以中央监管代替民主监督来解决地方政府在公共产品供应上资金不足的问题.据此,本文提出了中央政府监管下的地方公债制度构架及相关配套的改革建议.     

Introduction to “Economic and Financial Governance in the European Union after a decade of Economic and Political Crises.”

ABSTRACT

This paper offers the Introduction to the Special Issue “Economic and Financial Governance in the European Union after a decade of Economic and Political Crises.” We introduce the five papers. We distill three important lessons they offer for EU integration.     

Inter-local relations and trans-scaling through finance in Poland

Inter-local cooperation is difficult to measure. In Poland, however, the data-set concerning financial transfers between local government budgets (one of the most popular quantitative measures of cooperation) has never been described in scientific literature. This paper aims at contributing to fill this gap. On the basis of the budget expenditures of all Polish local governments, we applied two research methods: OLS regression and Heckman two-stage regression. The results show that the decision whether to get into cooperation, and the decision on the extent of involvement are driven by different factors.     

云南长防林体系建设中几个问题的探讨

本文就云南省长防林体系建设中存在的认识问题,指导思想、政策、资金投入及有关技术问题,进行分析。提出相应的对策和意见。     

试论我国地方政府债务及其风险控制

地方政府债务是指地方政府承担的,所有需要其在将来运用资产或其它经济资源偿还的义务。它具有以下几个特点:首先,地方政府债务是一种综合性的债务。它可能由多种因素诱发产生,或由其它形式的债务(例如金融债务)转化而来。其次,地方政府债务具有较大的隐蔽性。某些形式的地方政府债务并不直接表现在政府资产负债表上,可能直到需要偿还时才会最终暴露出来。第三,作为最终需要地方财政偿还的债务,地方政府债务一般由地方财政实施控制。     

地方财政体制权责不对称问题研究

地方财政体制权责不对称已经成为分税制后我国地方财政管理体制运行中的一个较为突出的问题。主要表现为：事权划分原则性不强且缺乏法制化基础导致了政府间事权下移，地方政府级次过多与“倒轧账”式的分税模式引起了地方政府间财权上移，转移支付制度不规范造成了地方政府间财力差距日益扩大。为此，我们应选择相应的治理对策来完善我国地方财政体制。