The Stability of M3 Money Demand and Monetary Growth Targets: The Case of South Africa

The main purpose of this article is to determine whether money should continue to play an important role in the formulation of monetary policy in South Africa, even though the monetary policy framework has recently changed to an inflation targeting strategy. Money can continue to play an important role in the formulation of an efficient monetary policy strategy as long as there is a stable money demand function and money contains useful information about future price changes. The paper presents empirical evidence of a constant and structurally stable M3 money demand function for South Africa over the period 1968-97. The analysis further shows that the non-constancies experienced during 1998-99 may only be temporary. Despite evidence of a stable M3 money demand function, the results indicate that M3 money provides little information about future price changes in South Africa and may therefore have lost its usefulness as a reliable indicator for monetary policy. The money stock is endogenous, with prices determining money through the stable M3 money demand function.     

论反洗钱犯罪的机制建设

目前,洗钱犯罪在我国部分地区及行业极为猖獗,不同程度影响了经济发展秩序,成为社会一大“毒瘤”。本文从我国反洗钱机制缺位的角度,分析了反洗钱犯罪的法律机制、监管机制及控制机制建立和完善的必要性及其途径。     

"贿赂"范围的比较研究与新探

在外国刑法理论与刑事立法上,"贿赂"的范围一般不仅仅限于财物,而基本上对贿赂进行扩大性理解和适用。就我国而言,如果将"贿赂"作不加任何限制的宽泛性理解则不符我国刑法理念;"财物"不仅应包括财产性利益,也应包括一部分非财产性利益;对"贿赂"的具体判定应以受贿人为依据;同时,对刑法第385条和第387条所言的"财物",必须根据具体情况予以区别对待。     

试论语言和货币的符号性

语言符号和货币符号虽然分属于语言学和经济学的两个基本范畴,却又都是适应人类社会交际的需要而产生的,彼此之间有着紧密的联系。同为符号,它们既具有规约性,又具有抽象性和价值的两重性等特征。但是,语言和货币毕竟是两种不同的符号形式,在量与质的方面都存在着差异性。     

打击洗钱犯罪的难点分析及对策

洗钱犯罪在我国客观存在,甚至相当严重,但公安机关立案、侦查此类案件非常少。公安机关在打击洗钱犯罪方面存在着立案难、侦查难、合作难、协助难和处理难等问题。公安机关要加大打击洗钱犯罪的力度,必须提高对反洗钱重要性的认识,建立专门机构,培养专门人才,加强与金融机构的协作,加强与国外、境外反洗钱机构合作,完善反洗钱的法律法规。     

商誉损害赔偿若干问题研究

近年来,商誉损害赔偿纠纷越来越多.商誉损害不适用精神损害赔偿制度.关于商誉损害赔偿的数额,尚无具有可操作性的计算标准,法院在处理此类案件时较难把握.司法实践中商誉损害赔偿额一是在综合考虑基础上酌情确定,二是以商誉权人消除影响所需费用作为赔偿额的确定依据.应根据商誉损害的不同情况具体分析,然后确定应适用的计算标准.同时,确定商誉赔偿数额的其他方式如法定赔偿额制度等.     

Gender,money and professional identity: medical social work and the coming of the British National Health Service

The arrival of the British National Health Service (NHS) in 1948 heralded significant changes for all health workers, but the establishment of a ‘free’ health service was especially meaningful for the hospital almoners—or medical social workers, as they were starting to be known—who had previously been responsible for the assessment and collection of patient payments. It was on this basis they had gained a foothold in the hospital, capitalising on gendered assumptions of financial understanding and behaviour. Yet what might have caused an identity crisis was embraced. This was a dual strategy of both repositioning the profession in alignment with the planned NHS and of asserting an enhanced professional status by distancing themselves from the handling of payment. It was an episode in the history of this distinctly female profession that speaks to women’s historic relationship with money.     

A Comparative Analysis and Evaluation of Specialist PPP Units’ Methodologies for Conducting Value for Money Appraisals

Governments throughout the world are turning to public?private partnerships (PPPs) as a means of providing new infrastructure. The decision to adopt a PPP over conventional government procurement is usually based on a value for money (VfM) appraisal, but this analysis is conducted differently in different countries. This article describes the correct way to conduct VfM analysis if the goal is to minimize the present value of the costs to the Treasury and if the goal is to maximize social welfare. It then compares the documented methodologies of nine specialist PPP units. It identifies four ways in which these methodologies depart from either of the correct approaches, and shows how each departure favors the PPP option. Finally, it shows how the UK approach might be augmented to determine the best value to society.     

货币市场基金法律问题研究

目前我国尚不存在货币市场基金 ,但是未来出现货币市场基金是必然的 ,对未来出现的货币市场基金前瞻性的法律问题进行探讨 ,以期未来的货币市场基金健康发展     

Regulating money laundering for terrorism financing: EU–US transnational policy networks and the financial action task force

Through increased cooperation transatlantic policy networks have been able to sharpen the tools used to combat the laundering of funds used for illicit ends including terrorism finance. After the attacks on 11 September 2001, rules were adopted on both sides of the Atlantic to restrict the flow of funds for terrorist purposes. This article captures some of the recent trends in cooperation between the European Union (EU) and the USA in addressing the issue of money laundering for terrorism finance. It goes further to assess how the EU engages with the financial action task force whose mandate was modified after 11 September 2001 to also cater for money that is laundered to fund terrorist activities.