Foreign exchange interventions in a small emerging market: the case of Croatia

This paper studies the impact of daily official foreign exchange interventions on the exchange rates in Croatia for the period from 1996 to 2004. Using the event study methodology and a variety of GARCH models reveals that the Croatian central bank was in a position to influence, to some extent, the level of the exchange rate during the period studied. This lends support to the view that foreign exchange intervention may be effective in emerging market economies.     

在灵魂边缘处守望——王彪小说中的人性思索

王彪的小说对人性进行了深入的探索,对人类的灵魂进行了无情的拷问.通过对性的审视,对病态人性的分析及对生与死这一古老命题的昭示,反映了人类内心世界与现实社会无情的冲突,以及人性中追求理性,谋求自赎的渴望.     

What drives the polarisation and moderation of opinions? Evidence from a Finnish citizen deliberation experiment on immigration

In the study of deliberation, a largely under‐explored area is why some participants polarise their opinion after deliberation and why others moderate them. Opinion polarisation is usually considered a suspicious outcome of deliberation, while moderation is seen as a desirable one. This article takes issue with this view. Results from a Finnish deliberative experiment on immigration show that polarisers and moderators were not different in socioeconomic, cognitive or affective profiles. Moreover, both polarisation and moderation can entail deliberatively desired pathways: in the experiment, both polarisers and moderators learned during deliberation, levels of empathy were fairly high on both sides, and group pressures barely mattered. Finally, the low physical presence of immigrants in some discussion groups was associated with polarisation in the anti‐immigrant direction, bolstering longstanding claims regarding the importance of presence for democratic politics.     

Minorities and the free press in Hungary after 1867

SUMMARY

The study analyses the status and the standard of freedom of the press in Hungary in the first decade of the Austro-Hungarian monarchy. Special attention is paid to libel cases against nationality papers attacking the government in Pest. The author's main purpose is to discuss the limits on the freedom of the press drawn by criminal law, and in addition, to examine the accusations against the oppositional papers and the court practices involved. As a result, the study emphasizes that the picture of ‘the press under a state of siege’ could hardly be verified from the criminal procedures examined. The author does not, however, paint an idealized picture of the freedom of the press. The government in Pest was biased against the nationality papers. Yet even so, in the first ten years of Dualism juries adjusted the official criminal law policy by acquittals of authors and editors. The prosecuting magistracy therefore accepted the independence of the jury and the unreliability of the lay judges, and often withstood the demands of government departments. The members of the government of Hungary accepted the practice instituted by the prosecuting magistracy and ‘instead of strict laws and even more strict courts’ they gave up trying to rule the press by means of the criminal law. The first half of the 1870s thus became a period of a free press, indicating to what extent the parliamentary system and its government in Dualism could ‘practise liberalism without risking its own existence’.     

Oils in All Weathers

WU Hao is a rising star in the mainstream arts world. His works are among those most sought by both overseas and domestic art dealer, among the latter China Guardian Auctions, Poly Auctions and the Beijing Hanhai Auction Co., Ltd. Wu Hao was born in 1973. His family's artistic traditions are eminent in his father, Wu Jiankun, who designed the landmark souvenir sheet of stamp, Stage Art of Mei Lanfang. Wu Hao has been immersed in his own art since childhood. "Nothing ever interrupted the flow of my art studies, which is probably why my work always got the top marks in exams and competitions," he says, candidly. Having graduated from the Central Academy of Arts and Crafts in 1996, in 1998 Wu went to France to continue his studies. His exceptional talent gained him direct entry into the 4th grade of the Ecole Nationale Superieure de Beaux Arts of Paris. He graduated with the DNSAP, one of the highest degrees in plastic arts that France awards.     

The Paradox of the Moral Irrelevance of the Government and the Law: A Critique of Carlos Nino's Approach

Some authors have speculated about the fact that if the law were connected to morality, then it would not be relevant, because morality would be enough to regulate social life. A study of this objection to the connection thesis will be outlined in this paper. In other words, the possible answers to the question about the practical difference that law gives to morality will be analyzed. The work of the Argentine philosopher Carlos Nino will be taken as the starting point for this task.     

The Gender Ethics and Politics of Affection: The ‘Feminine’Melodramatic Mode in Walter Salles' Central do Brasil (1998)

This article reads Walter Salles's Central do Brasil (1998) through a reappraisal of the film's relationship to melodrama in order to emphasise the significance of the association of affect with ethical judgment in thinking about the complex and contradictory gender politics of the film, thereby challenging the conventional tension between pathos and logos. Using a number of filmic and psychoanalytic theories, this article argues that Central do Brasil's melodramatic search for a ‘space of innocence’ in the Sertão could offer less a nostalgic return to anachronistic forms of living than a survival strategy for living in late modernity. Finally, this article argues that Central do Brasil, while lamenting the state's withdrawal from the public sphere, calls for an ethical imperative that is associated with a ‘feminine’ responsible and generous capacity to embrace the other as a necessary form of social and political action for the redefining of citizenship in Brazilian neoliberal society.     

State Government,Political Competition and Education Reform: Comparative Lessons from Brazil

The article explores the connection between democratisation, decentralisation and sub‐national policy making. It seeks to explain variation in the policy choices that were made by Brazilian state governments in the definition of school governance structures following the return to democracy. Whereas some state governments decided to institute the election of school principals by parents, students and teachers, others decided on the maintenance of opaque and discretionary practices that secured the distribution of school posts according to political criteria. The research relies on primary comparative evidence from three states: Bahia, Ceará and Minas Gerais. The argument is that the institutional choices made by state governments depended on the structure of political competition and on the extent and intensity of elite divisions at the state level.