Building civil society in Lao PDR: the Decree on Associations

Since 2006, international organisations in Lao PDR have worked closely with local actors in order to foster the creation of an enabling environment for civil society. By conceiving of civil society development as a system involving a number of closely-connected actors and levels, international actors have been able to contribute to both the adoption of a Decree on Associations, which for the first time in Lao history regulates the civil society sector, and to the organisational strengthening of the few existing domestic organisations. This paper evaluates the impact of international actors' initiatives and assesses civil society's prospects for engaging in human rights work.     

Climate resilient planning in Bangladesh: a review of progress and early experiences of moving from planning to implementation

Bangladesh is one of the first least developed countries (LDCs) to develop a long-term climate change strategy, the Bangladesh Climate Change Strategy and Action Plan (BCCSAP). Two funds were set up after developing the BCCSAP, one using government resources (BCCTF) and the other using donor resources (BCCRF). This paper uses the “building blocks” framework to analyse changes that occur when progressing from planning to finance and implementation by comparing the BCCRF and BCCTF. This analysis reveals how governance enablers are influenced by political economy dynamics that steer funding decisions and implementation outcomes, and provides lessons for countries pursuing climate resilience.     

对支付宝快捷支付事件的经济法律解读

就事物的发展而言,问题本身并不会阻碍事物的发展。然而,如果一个问题的解决是以理念与方法都错位的方式处理时,那么它不仅会使问题晦涩化,而且也会扰乱与问题相关的社会关系,从而导致资源配置的低下与正义目的的落空。对于快捷支付的是非,只有置于市场自由、竞争、创新、国家权力的边界等基点上,并本着问题的解决必须给未来发展留下空间的新思维,才可能形成理性且富有效率的答案。     

对虚拟经济与金融市场若干问题的研究

在金融业全球化、虚拟化程度不断提高的今天,虚拟经济作为一种无形经济形态,对我国经济在加入WTO后尽快融入世界经济的潮流发挥了巨大作用。建立完善的市场体系,加强有力的法律保证、推动适时的政策调整等措施,必将促进实体经济的良性运行,实现虚拟经济与实体经济的和谐发展。     

以交叉组合实现融资租赁业务创新

融资租赁业竞争的加剧,对业务创新提出了新的要求,交叉组合是实现业务创新的手段之一。交叉组合有两种模式,一种模式是融资租赁内部不同产品的交叉组合,如委托租赁与分成租赁的组合;另一种模式是融资租赁与其他金融产品的交叉组合,如融资租赁与信托的组合。     

公司法学视角下的风险控制问题研究——以2008年金融危机后的美国公司法改革为中心

风险控制是公司治理中的重要问题.2008年金融危机表明《公司法》对风险控制的规范不尽完善.美国在金融危机后的立法和判例,在公司的组织结构和董事的“约束——激励”两个方面强化了对风险控制的要求,反映了《公司法》发展的新趋势.     

美国金融监管模式的转变与我国的借鉴

随着国际金融业的自由化发展,美国等主要发达市场经济国家先后启动混业经营、混业监管的模式。中国只有顺应国际潮流,及时采取有效措施,使现行的分业经营、分业监管模式向混业经营、混业监管模式转变,才能顺应国际国内金融业发展的内在要求。     

Effects of Governance Practices and Investment Strategies on State and Local Government Pension Fund Financial Performance

Abstract

Recent statistical studies concerning state and local government pension funds’ boards of trustees have focused on two complementary issues. First is the influence governance practices have on administration of fund assets. Second is the impact of investment strategy choices on funds’ total rates of return. Reported results indicate that the primary effects of governance practices on pension outcomes are indirect via asset allocation decisions. This study re-examined these issues using abnormal return as an inherently valued measure of risk adjusted financial performance. An innovation of the investigation is that “process analysis” was used to decompose the direct and indirect effects of governance practices on financial performance. Results suggest that while both types of effects exist, direct impacts dominate relative to mediating processes.     

境外危机冲击下的东盟国家金融安全及其监管

本文探讨在世界经济整体低迷、世界金融市场堪忧的严峻背景下，金融安全的新特征、境外危机的传导机制、境外危机对国家金融安全的影响以及如何构建东盟金融安全网，确保东盟金融经济在全球金融经济动荡中的安全。     

过度金融化的风险与伦理防范措施

金融业高度自由化与不加节制的资本化在给社会带来资金、资本与财富的同时,也放大了其负面效应,使金融的脆弱性、资本的贪婪性的一面凸显出来。金融逻辑增加了金融风险和道德风险的几率。金融逻辑的演义要有度的规定,应受信用边界的制约,而信用决定于信用能力以及履行承诺的意愿,如果超出能力或者违背意愿,信用就会泡沫化,势必会发生背信弃义的行为,金融逻辑的链条就会断裂,最终导致金融危机的爆发。要对过度金融化的风险进行控制,从伦理上就要通过加强信用、责任与义务等道德力量,在其逾越信用、义务等规定前起防范作用。