农村金融改革与发展问题展望

农村金融对农村经济社会发展具有重要的作用,随着我国农村金融机构的不断增加,涉农贷款呈现逐步增长的态势,金融产业和金融服务不断创新,农村金融的信用体系建设和支付体系建设需要进一步的改善,从根本上保证金融机构的可持续发展能力不断提升,为建设社会主义新农村创造良好的条件。针对农村金融改革过程中面临的新情况、新问题,需要采取有效的财税政策和金融政策,提升农村金融的现代化水平,通过完善机制、提升服务达到稳定农村金融市场的根本目标。     

Financing energy transformation: The role of renewable energy equity indices

The support of financial markets for the transformation of the energy system to a low carbon society seems critical for its success. But will they support this transformation on the basis of market incentives alone? This study analyses how equity indices that try to capture renewable energy investments perform compared to conventional benchmark indices. Especially financial market investors—such as pension funds, insurance companies, and mutual funds—use these to assess and guide their renewable energy investments. As such, we take the perspective of financial market participants, which mainly only indirectly invest in renewable energy. We also analyze whether renewable energy indices are to be regarded as an example of market environmentalism. We find that the renewable energy indices’ risk-adjusted return is very poor and suggests renewables is not a financially attractive portfolio investment yet. We also argue that renewable energy equity indices can be regarded as an example of market environmentalism, especially with respect to commodification and frame-shifting.     

新农村建设及特色产业发展中的金融支持问题研究——以甘肃省平凉市为例

建设社会主义新农村,是党中央运用科学发展观破解三农问题的新理念和新实践,是中国特色社会主义现代化的必然要求,是建设社会主义和谐社会的战略举措,也是增进农民福祉、惠及广大农民群众的民心工程。金融作为现代经济的核心,责无旁贷,义不容辞的要充分发挥杠杆作用,肩负起支持新农村建设与特色产业可持续发展的历史重任,紧密结合当地实际,不断创新金融产品,积极优化信贷结构,着力提升服务水平,切实解决金融支持乏力、担保机构缺位、农业保险缺失、信用环境不佳等诸多困难与问题,尚需研究和解决。本文以平凉市为例,进行了实证分析与思考。     

Responsibility,capacity, greenness or vulnerability? What explains the levels of climate aid provided by bilateral donors?

At the 2009 Copenhagen Climate Summit, donors pledged to ‘jointly mobilize’ $100 billion/year for climate finance by 2020. The Copenhagen Accord and other agreements do not specify who should provide how much of this collective target beyond the general principle of common but differentiated responsibilities and respective capabilities (CBDR&RC), according to which the more responsible a country is for climate change and/or the more capable of paying, the more climate finance it should provide. Two additional burden-sharing mechanisms may explain how much climate finance donors provide: willingness to pay or ‘greenness’ and self-interest. These mechanisms are tested to determine which best explains current patterns in climate finance commitments by analysing bilateral climate aid. There is evidence for capability—richer countries provide more climate aid. In contrast, responsibility, greenness or self-interest do not induce more climate aid commitments. Better understanding the drivers of climate aid helps to mobilize more climate finance, and advances understanding of (sectoral) aid allocation.     

基于VaR的我国煤炭行业金融安全影响因素分析

从金融科学、安全科学角度,提出煤炭行业金融安全的定义,认为煤炭企业融资和投资过程中的金融安全管理是我国能源安全的重要保证。可以从宏观经济状况、融资状况和投资条件3个方面分析影响煤炭行业金融安全的因素。采用金融安全管理中的VaR风险估价方法将煤炭行业金融安全影响指标进行定量化描述,运用Eviews软件构建误差修正模型分析各个影响指标与煤炭行业金融安全之间的长期、短期经济关系,明确二者之间的影响机制。CPI、资金成本率和借款率对煤炭行业金融安全的短期波动有影响;从长期来看,GDP、资金成本率和借款率指标与煤炭金融安全有着正相关关系,CPI、资产负债率和汇率与煤炭金融安全有着负相关关系。     

Financing climate change adaptation

This paper examines the topic of financing adaptation in future climate change policies. A major question is whether adaptation in developing countries should be financed under the 1992 United Nations Framework Convention on Climate Change (UNFCCC), or whether funding should come from other sources. We present an overview of financial resources and propose the employment of a two-track approach: one track that attempts to secure climate change adaptation funding under the UNFCCC; and a second track that improves mainstreaming of climate risk management in development efforts. Developed countries would need to demonstrate much greater commitment to the funding of adaptation measures if the UNFCCC were to cover a substantial part of the costs. The mainstreaming of climate change adaptation could follow a risk management path, particularly in relation to disaster risk reduction. 'Climate-proofing' of development projects that currently do not consider climate and weather risks could improve their sustainability.     

Public intervention in rural housing markets

This paper is a revised version of one presented to the Regional Science Association Conference, University of Leeds, September 1983.

The extent of rural poverty is largely hidden, yet mean rural incomes are lower than in urban areas. Equally, the differential between low incomes and high minimum house prices in rural areas not always acknowledged. This paper looks at the planning response to these problems against alternative approaches including discriminatory policies against second home owners in rural areas. The paper concludes by identifying a solution restricting private development and augmenting public‐sector provision in rural areas.     

住房资源市场开发途径探析

文章分析了在我国住房改革历史进程中，不同阶段所遇到的问题及其几种成功模式，进一步提出了住房资源开发进程中应采取的包括住房金融等方面的相关措施。     

DEMAND SIGNALS FOR URBAN DRAINAGE AND FLOOD CONTROL PROJECTS1

ABSTRACT: Planning for urban drainage and flood control requires the use of a rational procedure for setting priorities and allocating funds. An innovative procedure developed by the Los Angeles County Flood Control District is described. It consists of the use of bond election voting results as a surrogate for demand signals representing the public preference for project approval. A regression equation has been developed to relate project characteristics to the likelihood of approval. The procedure is implemented through a “funnel-screen” review procedure which results in a list of reviewed and approved projects.     

积极运用财政金融政策,促进环保产业的快速发展

环保产业是人类社会进步的文明成果,也是经济可持续发展的重要物质保障,随着经济建设与环境保护事业的发展．环保产业现已成为全球性的一种特殊产业．本文论述了我国的环保产业的特点及制约环保产业发展的因素,提出加快环保产业发展必需解决的财政金融对策。