In the era of economic globalization,the concept of Economic Polarized Area comes into being as an effective vehicle to agglomerate the economic elements and sustain the economic lifeline of the region. Based on the r...In the era of economic globalization,the concept of Economic Polarized Area comes into being as an effective vehicle to agglomerate the economic elements and sustain the economic lifeline of the region. Based on the region's specific development mode and construction form the concept is working in such a way that it will contribute to guide the economic development of the country and will play an important role in competing with other regions or countries in the world. Due to the high speed development of the last 30 years,the Yangtze Delta Region starts to show the features of Economic Polarized Area. But,compared with other world-class Economic Polarized Areas,the economic strength and the ability of the Yangtze Delta Region to drive the country's economic development is still very low and the competitive power is still very limited. Expanding the boundaries of the Economic Polarized Area of the Yangtze Delta may extend the economic hinterland of the core area of the Yangtze Delta Region,will lighten the pressures from the limited resource and promote the rationalization of the industrial structure in the Yangtze Delta Region's core area. With regard to the reasonable boundaries of the Yangtze Delta Region,there are different opinions and controversial arguments in political and academic circles. Starting from the idea of increasing the competitive power and improving the economic strength of the Yangtze Delta Region,the paper firstly is discussing the requirements to become a world-class Economic Polarized Area. In a second step an analysis of functional complementation and economic collaboration between the cities of an "extended" Yangtze Delta Region has been carried out by in particular considering the feasibility of integrating these "newly included" cities. The final result of the study is,that the Region should be expanded from the number of 16 cities to 37 cities,and the appended cities should be divided up into two categories:Wenzhou,Jinhua,Yancheng,Huaian,Maanshan,Wuhu,Tongling,Chaohu,Hefei,Chuzhou,Xuancheng should be taken as Preferred Extending Area,and Suqian,Xuzhou,Lianyungang,Lishui,Quzhou,Chizhou,Anqing,Bengbu,Huangshan,Suzhou (Anhui Province) should be taken as Retained Qualification Area.展开更多
This research shows the current status and the future prospects of green financing in Korea. Green financing is currently on the initial stage in Korea, just like the green growth policy. Thus, banks are contextually ...This research shows the current status and the future prospects of green financing in Korea. Green financing is currently on the initial stage in Korea, just like the green growth policy. Thus, banks are contextually not willing to invest or loan in the green technology or industry for profitability, because the high uncertainty （risk） exists and because Korean people have little concern on green financing, though they have recognized the necessity of green growth. Therefore, the reinforcement of government＇s role is suggested in this research. The public financial agencies are now very important in popularizing the green financing in Korea, and the most effective policy will be the credit guarantee for green technologies or companies provided by public agencies, as shown in the financing policy for the small and middle enterprises. Regarding public efforts, banks should try to perform green financing for both their own profitability and social benefit together with the step-by-step approach, according to the growth stage of green industry and green financing.展开更多
《金融与发展》（Finance and Development）2008年12月刊中有一篇讨论粮食安全问题的文章——“保证粮食安全”。全文没有一个字提到耕地面积，倒是大幅度地讨论了消除贫困的问题。作者的观点和我们的观点一样：当今挨饿的问题是贫困...《金融与发展》（Finance and Development）2008年12月刊中有一篇讨论粮食安全问题的文章——“保证粮食安全”。全文没有一个字提到耕地面积，倒是大幅度地讨论了消除贫困的问题。作者的观点和我们的观点一样：当今挨饿的问题是贫困，不是粮食生产不出来。只要最穷的人也有钱买粮，粮食安全是没有问题的。反过来说．粮食生产得再多．如果穷人没钱，照样会挨饿。展开更多
The current crisis has revealed the weaknesses of the global financial in general and its banking system in particular and puts forward a requirement for assessing the effectiveness and stability of the banking sector...The current crisis has revealed the weaknesses of the global financial in general and its banking system in particular and puts forward a requirement for assessing the effectiveness and stability of the banking sectors across countries. Based on available data from 64 countries over the world, the author tried to evaluate the effectiveness of the banking sectors in those countries through the view point of the data envelopment analysis approach to define how the global banking systems is under the effect of the current crisis. Findings from the research showed that banking systems in advanced economies are still more effective than in developing countries. Moreover, it explained the effect of the current financial crisis, the role of public finance （and the government）, and the development of the （privately） commercial banks to the effectiveness of the banking sectors. The research also explained some determinants that can affect the effectiveness of the banking system, including inflation, bank concentration, and level of economic development.展开更多
This paper focuses on relationship lending and the hypothesis of the small bank advantage. It integrates the knowledge of organization management theory, management theory and information economics theory. It combines...This paper focuses on relationship lending and the hypothesis of the small bank advantage. It integrates the knowledge of organization management theory, management theory and information economics theory. It combines the decision-making process of bank loans and the information needs, and analyzes the scientificity and rationality of the existing interpretations. Based on the reasons of ＂small bank advantage＂, it discusses some issues to which banks and enterprises should pay attention in the relationship lending.展开更多
Recently, global financial crisis or meltdown rocked the international financial market. This havoc was the result of the reckless use of financial derivatives that received spontaneous patronization from the financia...Recently, global financial crisis or meltdown rocked the international financial market. This havoc was the result of the reckless use of financial derivatives that received spontaneous patronization from the financial whiz, but it is strange to discover that those proponents of market economy embarked on policy that was purely Keynesian in principle. The episode started in August 2007 with the collapse of subprime mortgage market and reached its climax during August 2008. Central banks in many countries of the western world intervened in the market to pump additional fund to give buoyancy in the credit market. The crisis encapsulated with the queer idea of financial instruments and multiple origins related to subprime mortgage left its trail in both developed and developing countries. Thus, an elaborate analysis of the causal link among various innovative instruments highlighting a mismatch between academic doctrine and real-life perspective and the inadequacy of the institutional arrangements supposed to tame the volatility of the market may be a useful guide to financial analysts and policy planners. The purpose of this paper is to highlight systemic gaps in the meltdown and redefine the contour of macroeconomics most appropriate to weather such catastrophe in the future.展开更多
This paper gives a systematic view of the new trends of global carbon finance innovation under the challenge of global climate change and in the process of transition to achieve economic growth from "high carbon&...This paper gives a systematic view of the new trends of global carbon finance innovation under the challenge of global climate change and in the process of transition to achieve economic growth from "high carbon" to 'low carbon",covering the following aspects:the structure,status quo and developing trend of global carbon market.The paper discusses the innovation in financial organization and service systems and governments' overall guidance and policy support,and draws the conclusion that the world is undergoing massive changes with governments actively responding to carbon finance to embrace the tremendous opportunities for clean energy and climate change in financial industry.To seize the opportunity,a complete and overall carbon finance system of China should be put in the top of the agenda.Given the current tasks of energy conservation and pollution reduction and the growing demand for capital input,China needs to construct an clear of policy guidance,a diversified financia service system,and a multi-approach carbon finance system to intensify and widen the participation of financial industry,to expand financing channels for sustainable economy and spread risks,and finally,work out an inexpensive solution to the realization of China's low carbon target.展开更多
Studies about the elderly are mostly focused on morbidity and psychological conditions of the elderly. Effects of social relations have been noted to be important for the well-being of an elderly person. Later studies...Studies about the elderly are mostly focused on morbidity and psychological conditions of the elderly. Effects of social relations have been noted to be important for the well-being of an elderly person. Later studies have begun to look at socioeconomic status of the elderly to see its relation to the level of morbidity. This paper is based on a nationwide survey. A total of 10 percent of elderly total population was interviewed to obtain socioeconomic and lifestyle information. A self reporting method was used as it was easiest to obtain the answers from the elderly. A total of 1410 elderly respondents aged 60 and above were interviewed from the regions of northern, eastern, middle and southern Peninsular Malaysia and also from Sabah and Sarawak. The data was analyzed using the SPSS 16. Quantitative analysis based on mean, standard deviation and multiple regressions was done. Findings show that higher morbidity rate lowers ones economic well-being. Females report higher morbidity then males, while those who are married and residing in rural area also reoort lower morbidity.展开更多
The role of inflow of overseas remittances towards the development of housing sector in Ghana, and the impact of recent financial crisis on the development process is investigated. This is achieved through a review an...The role of inflow of overseas remittances towards the development of housing sector in Ghana, and the impact of recent financial crisis on the development process is investigated. This is achieved through a review and analysis of information gathered through national and international statistical sources and targeted household and institutional interviews. As a prelude to the analysis the study assessed the importance of remittance as large and growing part of the economic underpinning of developing countries. It then assesses whether remittances have a particular relationship with housing. The research provided an estimate of the nature, level and uses of remittances and the different cyclical characters of other flows. It reveals that the successful real estate market development across Ghana during the past decade benefited from a buoyant national economy, improved financial systems and family remittances. However, the picture changed especially during 2008 attributed mainly to the global financial crisis and economic downturn. The reverberating problems of unemployment and high levels of bankruptcies in the advanced countries were felt but not as pronounced as they were in the major industrialised economies. The discussions concluded by posing a much broader question in relation to other developing countries about how remittances could be mobilised towards the development of the housing sector.展开更多
Banks as the key subjects in the financing of investment have a strong influence on the risk of investors. Hence, the solvency of the bank is of crucial importance for the risk management in the investment process. Gi...Banks as the key subjects in the financing of investment have a strong influence on the risk of investors. Hence, the solvency of the bank is of crucial importance for the risk management in the investment process. Given the fact of underdevelopment of financial markets and the lack of trading activities in securities, it is evident that the investments of banks in the developing countries mostly include lending investments. Looking at the key categories of risk that influence the overall risk of the banking business in such conditions, it can be concluded that credit risk presents the dominant and decisive factor. The aim of the paper is to select the bank determinant key factors of credit risk and to determine the extent to which non-performing loans （NPL） of bank credits affect the solvency of banks, and therefore also the risk of investors. This selection of the main determinants will be based on the analysis of financial statements. This is essential, especially taking into account the impact of the global financial crisis and the increasingly frequent falling into insolvency customers. Finally, liquidity of customers is that of the bank, and it is crucial for investors to timely identify possible risks associated with bank loans in order to proactively manage risk investment.展开更多
There is a widespread belief that information and knowledge are vital for rural and agricultural development. Today, generation of new and various information and knowledge sources need new information and communicati...There is a widespread belief that information and knowledge are vital for rural and agricultural development. Today, generation of new and various information and knowledge sources need new information and communication channels. New information and communication technologies can decrease poverty by promotion rural people access to education, health, government and financial services; overall, they can improve livelihood. The purpose of this study was to identify potentials of new information and communications technologies （ICTs） in agricultural and rural sector. Documentary research and literature review were used as research method. Findings revealed that the most applications for these ICTs in rural and agricultural sector were： E-trade of inputs and outputs, extension and training activities for rural dwellers, advertisement of rural tourism products, knowledge transfer from urban to rural and vice versa, official procedures and geographic information system （GIS） for management of natural resources.展开更多
基金National Natural Science Foundation of China, No.40671077 No.40571058
文摘In the era of economic globalization,the concept of Economic Polarized Area comes into being as an effective vehicle to agglomerate the economic elements and sustain the economic lifeline of the region. Based on the region's specific development mode and construction form the concept is working in such a way that it will contribute to guide the economic development of the country and will play an important role in competing with other regions or countries in the world. Due to the high speed development of the last 30 years,the Yangtze Delta Region starts to show the features of Economic Polarized Area. But,compared with other world-class Economic Polarized Areas,the economic strength and the ability of the Yangtze Delta Region to drive the country's economic development is still very low and the competitive power is still very limited. Expanding the boundaries of the Economic Polarized Area of the Yangtze Delta may extend the economic hinterland of the core area of the Yangtze Delta Region,will lighten the pressures from the limited resource and promote the rationalization of the industrial structure in the Yangtze Delta Region's core area. With regard to the reasonable boundaries of the Yangtze Delta Region,there are different opinions and controversial arguments in political and academic circles. Starting from the idea of increasing the competitive power and improving the economic strength of the Yangtze Delta Region,the paper firstly is discussing the requirements to become a world-class Economic Polarized Area. In a second step an analysis of functional complementation and economic collaboration between the cities of an "extended" Yangtze Delta Region has been carried out by in particular considering the feasibility of integrating these "newly included" cities. The final result of the study is,that the Region should be expanded from the number of 16 cities to 37 cities,and the appended cities should be divided up into two categories:Wenzhou,Jinhua,Yancheng,Huaian,Maanshan,Wuhu,Tongling,Chaohu,Hefei,Chuzhou,Xuancheng should be taken as Preferred Extending Area,and Suqian,Xuzhou,Lianyungang,Lishui,Quzhou,Chizhou,Anqing,Bengbu,Huangshan,Suzhou (Anhui Province) should be taken as Retained Qualification Area.
文摘This research shows the current status and the future prospects of green financing in Korea. Green financing is currently on the initial stage in Korea, just like the green growth policy. Thus, banks are contextually not willing to invest or loan in the green technology or industry for profitability, because the high uncertainty （risk） exists and because Korean people have little concern on green financing, though they have recognized the necessity of green growth. Therefore, the reinforcement of government＇s role is suggested in this research. The public financial agencies are now very important in popularizing the green financing in Korea, and the most effective policy will be the credit guarantee for green technologies or companies provided by public agencies, as shown in the financing policy for the small and middle enterprises. Regarding public efforts, banks should try to perform green financing for both their own profitability and social benefit together with the step-by-step approach, according to the growth stage of green industry and green financing.
文摘《金融与发展》（Finance and Development）2008年12月刊中有一篇讨论粮食安全问题的文章——“保证粮食安全”。全文没有一个字提到耕地面积，倒是大幅度地讨论了消除贫困的问题。作者的观点和我们的观点一样：当今挨饿的问题是贫困，不是粮食生产不出来。只要最穷的人也有钱买粮，粮食安全是没有问题的。反过来说．粮食生产得再多．如果穷人没钱，照样会挨饿。
文摘The current crisis has revealed the weaknesses of the global financial in general and its banking system in particular and puts forward a requirement for assessing the effectiveness and stability of the banking sectors across countries. Based on available data from 64 countries over the world, the author tried to evaluate the effectiveness of the banking sectors in those countries through the view point of the data envelopment analysis approach to define how the global banking systems is under the effect of the current crisis. Findings from the research showed that banking systems in advanced economies are still more effective than in developing countries. Moreover, it explained the effect of the current financial crisis, the role of public finance （and the government）, and the development of the （privately） commercial banks to the effectiveness of the banking sectors. The research also explained some determinants that can affect the effectiveness of the banking system, including inflation, bank concentration, and level of economic development.
文摘This paper focuses on relationship lending and the hypothesis of the small bank advantage. It integrates the knowledge of organization management theory, management theory and information economics theory. It combines the decision-making process of bank loans and the information needs, and analyzes the scientificity and rationality of the existing interpretations. Based on the reasons of ＂small bank advantage＂, it discusses some issues to which banks and enterprises should pay attention in the relationship lending.
文摘Recently, global financial crisis or meltdown rocked the international financial market. This havoc was the result of the reckless use of financial derivatives that received spontaneous patronization from the financial whiz, but it is strange to discover that those proponents of market economy embarked on policy that was purely Keynesian in principle. The episode started in August 2007 with the collapse of subprime mortgage market and reached its climax during August 2008. Central banks in many countries of the western world intervened in the market to pump additional fund to give buoyancy in the credit market. The crisis encapsulated with the queer idea of financial instruments and multiple origins related to subprime mortgage left its trail in both developed and developing countries. Thus, an elaborate analysis of the causal link among various innovative instruments highlighting a mismatch between academic doctrine and real-life perspective and the inadequacy of the institutional arrangements supposed to tame the volatility of the market may be a useful guide to financial analysts and policy planners. The purpose of this paper is to highlight systemic gaps in the meltdown and redefine the contour of macroeconomics most appropriate to weather such catastrophe in the future.
文摘This paper gives a systematic view of the new trends of global carbon finance innovation under the challenge of global climate change and in the process of transition to achieve economic growth from "high carbon" to 'low carbon",covering the following aspects:the structure,status quo and developing trend of global carbon market.The paper discusses the innovation in financial organization and service systems and governments' overall guidance and policy support,and draws the conclusion that the world is undergoing massive changes with governments actively responding to carbon finance to embrace the tremendous opportunities for clean energy and climate change in financial industry.To seize the opportunity,a complete and overall carbon finance system of China should be put in the top of the agenda.Given the current tasks of energy conservation and pollution reduction and the growing demand for capital input,China needs to construct an clear of policy guidance,a diversified financia service system,and a multi-approach carbon finance system to intensify and widen the participation of financial industry,to expand financing channels for sustainable economy and spread risks,and finally,work out an inexpensive solution to the realization of China's low carbon target.
文摘Studies about the elderly are mostly focused on morbidity and psychological conditions of the elderly. Effects of social relations have been noted to be important for the well-being of an elderly person. Later studies have begun to look at socioeconomic status of the elderly to see its relation to the level of morbidity. This paper is based on a nationwide survey. A total of 10 percent of elderly total population was interviewed to obtain socioeconomic and lifestyle information. A self reporting method was used as it was easiest to obtain the answers from the elderly. A total of 1410 elderly respondents aged 60 and above were interviewed from the regions of northern, eastern, middle and southern Peninsular Malaysia and also from Sabah and Sarawak. The data was analyzed using the SPSS 16. Quantitative analysis based on mean, standard deviation and multiple regressions was done. Findings show that higher morbidity rate lowers ones economic well-being. Females report higher morbidity then males, while those who are married and residing in rural area also reoort lower morbidity.
文摘The role of inflow of overseas remittances towards the development of housing sector in Ghana, and the impact of recent financial crisis on the development process is investigated. This is achieved through a review and analysis of information gathered through national and international statistical sources and targeted household and institutional interviews. As a prelude to the analysis the study assessed the importance of remittance as large and growing part of the economic underpinning of developing countries. It then assesses whether remittances have a particular relationship with housing. The research provided an estimate of the nature, level and uses of remittances and the different cyclical characters of other flows. It reveals that the successful real estate market development across Ghana during the past decade benefited from a buoyant national economy, improved financial systems and family remittances. However, the picture changed especially during 2008 attributed mainly to the global financial crisis and economic downturn. The reverberating problems of unemployment and high levels of bankruptcies in the advanced countries were felt but not as pronounced as they were in the major industrialised economies. The discussions concluded by posing a much broader question in relation to other developing countries about how remittances could be mobilised towards the development of the housing sector.
文摘Banks as the key subjects in the financing of investment have a strong influence on the risk of investors. Hence, the solvency of the bank is of crucial importance for the risk management in the investment process. Given the fact of underdevelopment of financial markets and the lack of trading activities in securities, it is evident that the investments of banks in the developing countries mostly include lending investments. Looking at the key categories of risk that influence the overall risk of the banking business in such conditions, it can be concluded that credit risk presents the dominant and decisive factor. The aim of the paper is to select the bank determinant key factors of credit risk and to determine the extent to which non-performing loans （NPL） of bank credits affect the solvency of banks, and therefore also the risk of investors. This selection of the main determinants will be based on the analysis of financial statements. This is essential, especially taking into account the impact of the global financial crisis and the increasingly frequent falling into insolvency customers. Finally, liquidity of customers is that of the bank, and it is crucial for investors to timely identify possible risks associated with bank loans in order to proactively manage risk investment.
文摘There is a widespread belief that information and knowledge are vital for rural and agricultural development. Today, generation of new and various information and knowledge sources need new information and communication channels. New information and communication technologies can decrease poverty by promotion rural people access to education, health, government and financial services; overall, they can improve livelihood. The purpose of this study was to identify potentials of new information and communications technologies （ICTs） in agricultural and rural sector. Documentary research and literature review were used as research method. Findings revealed that the most applications for these ICTs in rural and agricultural sector were： E-trade of inputs and outputs, extension and training activities for rural dwellers, advertisement of rural tourism products, knowledge transfer from urban to rural and vice versa, official procedures and geographic information system （GIS） for management of natural resources.
