The inter-bank market network models are constructed based on the inter-bank credit lending relationships, and the network efficiency characters of the Chinese inter-bank market are studied. Since it is impossible to ...The inter-bank market network models are constructed based on the inter-bank credit lending relationships, and the network efficiency characters of the Chinese inter-bank market are studied. Since it is impossible to obtain the specific credit data among banks, this paper estimates the inter-bank lending matrix based on the partial information of banks. Thus, directed network models of the Chinese inter-bank market are constructed by using the threshold method. The network efficiency measures and the effects of random attacks and selective attacks on the global efficiency of the inter-bank network are analyzed based on the network models of the inter-bank market. Empirical results suggest that the efficiency measures are sensitive to the threshold, and that the global efficiency is little affected by random attacks, while it is highly sensitive to selective attacks. Properties such as inter-bank market network efficiency would be useful for risk management and stability of the inter-bank market.展开更多
With abundant wind resources and high pressure imposed on en-vironmental protection, wind power development has a promising future. Butdue to intermittent nature, wind power can bring into full play only if being con-...With abundant wind resources and high pressure imposed on en-vironmental protection, wind power development has a promising future. Butdue to intermittent nature, wind power can bring into full play only if being con-nected into power grid to ensure its supply reliability and continuity, aswell as operational economy. However, technical and market barriers haveprevented wind power from integrating into power grid. To foster wind powerdevelopment, these barriers should be removed by both government incentivepolicies and sophisticated technologies.展开更多
基金The National Natural Science Foundation of China (No.70671025)the Scientific Research Foundation of Graduate School of Southeast University (No.YBJJ1014)
文摘The inter-bank market network models are constructed based on the inter-bank credit lending relationships, and the network efficiency characters of the Chinese inter-bank market are studied. Since it is impossible to obtain the specific credit data among banks, this paper estimates the inter-bank lending matrix based on the partial information of banks. Thus, directed network models of the Chinese inter-bank market are constructed by using the threshold method. The network efficiency measures and the effects of random attacks and selective attacks on the global efficiency of the inter-bank network are analyzed based on the network models of the inter-bank market. Empirical results suggest that the efficiency measures are sensitive to the threshold, and that the global efficiency is little affected by random attacks, while it is highly sensitive to selective attacks. Properties such as inter-bank market network efficiency would be useful for risk management and stability of the inter-bank market.
文摘With abundant wind resources and high pressure imposed on en-vironmental protection, wind power development has a promising future. Butdue to intermittent nature, wind power can bring into full play only if being con-nected into power grid to ensure its supply reliability and continuity, aswell as operational economy. However, technical and market barriers haveprevented wind power from integrating into power grid. To foster wind powerdevelopment, these barriers should be removed by both government incentivepolicies and sophisticated technologies.
