The logic of interdisciplinary studies

In this article, I argue that emerging economies are systematically becoming more susceptible to both currency and banking crises after financial liberalisation (FL). Using data for 27 emerging economies from 1973 to 1998, univariate and multivariate analyses indicate that the likelihood of currency crises and banking crises increase after FL. In particular, liberalisation allows more liquidity to enter an emerging economy, which finds its way into productive and speculative projects. What is common to both types of crises is a significant increase in speculative financing, thereby increasing the chance for borrower default. Thus, the outflow of international capital becomes more likely. The chance of a crisis occurring in response to changes in short-term loans is greater after FL than before. Similarly, the chance of a currency crisis occurring following a currency overvaluation is larger after FL than before. In comparison, the likelihood of a banking crisis occurring in response to an overvalued currency remains the same. Finally, the results show that the chance of a currency crisis declines over time, while the chance of a banking crisis increases after FL.     

关于国有商业银行履行资本供给职能的探讨

国有商业银行在目前的产权结构、经营环境等条件下 ,很难履行资本供给职能 ,因而亟须对各国有商业银行进行产权改革 ,并进行利率市场化改革 ,以改善国有商业银行的经营环境和理顺其经营行为。     

金融危机下经济严重失衡国家的经验教训及对我国的启示

通过反思世界各国在金融危机冲击下的种种表现,找出经济发展中深层次的矛盾和问题。金融是现代市场经济的核心,虚拟经济与实体经济的严重失衡是金融危机的根源;反思日本、韩国金融崩溃的经验教训,在新一轮产业升级中,遏制我国产业"空洞化"的势头;降低石油的对外依存度,促进我国能源结构多元化;正确认识金融危机下粮食危机的本质,把保障粮食安全作为国家一项长期战略目标;吸取东欧国家市场化改革的经验和教训,坚持走中国特色的社会主义市场经济道路。     

Amor Matris 1: Language and Loss in J. M. Coetzee's Age of Iron

This article examines the South African novelist Sarah Gertrude Millin’s writings on economics. Though Millin has most commonly been treated as a theorist of race and miscegenation, her novels and nonfiction writings demonstrate an equally strong interest in how global economic institutions affect South African life. Eatough proposes that Millin’s fascination with such diverse economic practices as currency speculation, actuarial accounting, and stock broking stems from the way in which these practices dramatize a seemingly insuperable tension between Anglo professionalism and South African nationalism. As the article shows, Millin’s efforts to overcome Anglo-Afrikaner rivalry and fashion a unified white nationalism entailed a radical rethinking of what global professional networks were in their innermost essence. Central to this nationalist project, Eatough argues, was Millin’s tendency to regard such networks less as rooted national institutions than as distant speculative devices capable of inflating the value of South African nationality. Over the course of the article, Eatough investigates how Millin uses this definition to finesse complaints by (primarily Afrikaner) nationalists against British control of the professions by suggesting that such articulations of envy drive speculative enterprise—and, thus, provide a means for transforming national abjection into national value.     

货币错配理论研究综述

货币错配是导致发展中国家发生货币危机的重要原因之一。本文对货币错配产生的原因、影响及管理对策进行了简要的梳理和阐述,并针对我国的货币错配现象提出了相应的管理策略。     

MARKET WATCH

正OPINION devaluation Is Temporary The exchange rate of the yuan against the U.S.dollar has been depreciating since January.This is the biggest depreciation since China’s exchange rate reform in 2005.What are the reasons for this round of yuan devaluation?How long can it continue?And how will the yuan exchange rate fluctuate in the future?To answer these questions,one must conduct a comprehensive analysis on the     

试论电子货币及其在我国的发展

本文在对电子货币产生的背景、属性、作用进行概述的基础上 ,分析电子货币在我国的发展现状 ,揭示我国电子货币发展过程中存在的一些问题 ,提出当前我国电子货币发展过程中应采取的措施     

基于网络游戏的虚拟金融研究

虚拟经济体作为一种类人经济形态,越来越多的吸引了学者的关注。虚拟经济体的主要价值除了其本身娱乐价值外就是表现在二级市场上的虚拟物品总值,而虚拟货币是虚拟世界的通货,因此研究虚拟货币对于研究虚拟经济体具有重要意义。虚拟货币因为供需在二级市场上产生价值,本文从前瞻性的角度对虚拟货币和虚拟金融进行研究,并由此衍生出虚拟金融业务。     

以币拓方式识别假币之应用论证

以币拓水印方式识别可疑货币,操作简单,效果明显,适用面广,对于具有非凹版印刷的后加水印的假币均能有效识别,可弥补以透光检验水印方式识别可疑货币法之不足。而且,币拓法的检验对象还可进一步推广到可疑货币上除水印以外的其他所有本身应为凹凸结构但采取非凹版印刷方法印制的图文上面去。     

知识经济条件下的会计基本假设

知识经济的来临,使会计环境发生了变化,对传统的会计假设产生了巨大冲击。如何改变目前的理论体系,使其能适应经济、服务经济发展的需要,是一个值得深思的问题。