The Research on the Implications of Electronic Money for the effectiveness of Monetary Policy

电子货币的产生是继贵金属货币和纸币之后，货币历史上的第三次革命。电子货币是信息技术和网络经济发展的必然结果，作为货币最新形式的电子货币以其方便、快捷、准确等优点，逐步取代传统货币已成为一种趋势，使得货币的定义与内涵发生了重大的变化，因此研究电子货币及其对货币政策有效性的影响具有理论和实际意义。本文共分五章： 第一章导言，介绍了本文的选题背景与研究意义，国内外关于电子货币影响的研究概况，文章的基本框架、研究方法以及创新点与不足。 第二章货币形式的发展与电子货币的产生，从历史与逻辑相结合的角度阐述货币的产生与货币形式的发展所经历的实物货币、贵金属货币、代用货币以及信用货币等四个阶段，并分析了当...The creation of electronic currency (e-money) is considered as the third revolutionary in currency history following the emergency of precious metal currency and paper currency. The emergency of e-money is a must of the development of information technology and network economy. As the latest form of currency, e-money is now taking place of the traditional currency step by step due to its convenien...学位：经济学硕士院系专业：经济学院经济系_经济思想史学号：2005130069

Comparative Analysis of Influencing Factors on Thailand and Malaysian Inflation

本文概述了通货膨胀的测度方法,比较分析了泰国和马来西亚通货膨胀的影响因素,其中共同驱动因素主要是惯性通货膨胀、亚洲金融危机引发的本币贬值和国际石油食品价格的上涨,不同之处是泰国通胀受国际油价的影响大于马来西亚,马来西亚的通胀压力很大一部分来自流动性过剩。This article overviews the measures methods of inflation,analyzing the influencing factors on Thailand and Malaysian inflation comparatively.It finds that their common driving factors are inflationary expectations,domestic currency devaluation and increasing prices of international oil and food,the differene s are that the international oil prices have more influence on Thailand than Malaysia,and the inflation pressure is mainly due to the excess liquidity in Malaysia

Research of Thailand and Malaysia Exchange Rate Fluctuations’ Effects on Inflation and Trade Balance——Based on Exchange Rate Pass-through

开放经济中，宏观经济政策的重要目标是保持经济的内外均衡。内部均衡强调非通货膨胀情况下的充分就业，外部均衡是指保持国际收支的基本平衡。其中，经常项目的可维持性，即贸易收支的相对均衡是外部均衡的主体。通货膨胀、贸易收支作为考量一国宏观经济内外均衡的核心变量，汇率作为调节国民经济内外均衡的杠杆，其三者的关系历来是经济研究的热点和重点，也是宏观经济政策实施的基础。其中，汇率变动对通货膨胀和贸易收支的影响是研究的主线。 理论上，关于汇率变动对通货膨胀和贸易收支的影响是汇率传递理论和国际收支调节理论的主要研究内容。传统汇率决定理论中一价定律和购买力平价成立，汇率完全传递，汇率的变动可以完全传递到进出口价...In open economy, the top target of macro-economy policy is to keep the internal and external equilibrium, the former emphasizing the full employment under non-inflation, the latter international trade balance. The external equilibrium’s subject is current account sustainability as well as the relative trade balance. Inflation and trade balance are kernel variables to inspect the internal and exter...学位：经济学博士院系专业：南洋研究院_世界经济学号：2552009015346

A Study on the Application and Revelation of PPP in Philippine Infrastructure Construction

菲律宾新政府采取一系列措施推行PPP模式在基础设施建设中的应用,本文概述了PPP模式在菲律宾基础设施建设中的进展及发展趋势,分析了菲律宾政府大力推行该模式的经济动因及PPP模式的潜在风险,并提出相应建议及对我国的启示。Philippine government of President Aquino Ⅲ adopts a series of measures to improve the PPP(Public-Private Partnership)in the infrastructure construction recently.This article discusses the development and direction of the PPP in Philippine infrastructure construction,analyzes the economic motives and risks of Philippine government,makes some suggestions,and eventually puts forward some revelations for China

人民币套息交易:市场基础和收益风险特征

在全球经济金融虚拟化背景下,利率与汇率的波动性增强。以跨国公司为代表的经济主体为实现利润最大化目标,在全球进行资源优化配置,频繁进出利率与汇率市场,进行套息交易。相应交易的长期性和广泛性表明,利率平价理论提出的利率与汇率间的平价均衡关系并不成立,套息交易对金融系统安全性具有负面影响。在资本账户未完全放开的条件下,关于人民币套息交易机理机制的实证研究表明,人民币套息交易有多种途径,大宗商品交易是较突出的渠道。因此,在人民币国际化过程中须健全金融监管,协调好资本账户开放的步骤与速度,防范套息交易危害实体经济发展。国家自然科学基金项目“资金流、交易者异质性与股市波动”(71373225)阶段性成

The New Characteristics of the Exchange Rate regimes Development of Thailand and Malaysia

本文通过分阶段考察美元在泰铢和林吉特隐性货币篮子中权重的变化、人民币与两国货币的联动性和两国外汇市场压力,发现两国汇率制度在亚洲金融危机后,特别是2005年7月马来西亚汇改后有了新特征。美元对两国货币的影响减弱,但受到外部冲击时,两国货币选择高频钉住美元;人民币与泰铢和林吉特的联动性增加,对两者的影响增大;相对于“浮动恐惧“,后危机时期两国货币更具有“升值恐惧“。This paper analyzes the weight of US dollar in the implicit basket of currencies of Thai Baht and Lingit,the features of the exchange rate co-movements among RMB and the two countries'currencies and the exchange market pressure of the two countries in every period.It comes to a conclusion that after the Asian financial crisis,especially after Malaysian exchange rate reform in July,2005,exchange rate regime of the two countries have new characteristics.The influence of US dollar on the two countries'currencies is weakening,but the two countries'currencies choose pegging to US dollar when they are influenced by external shocks;The Influence of RMB on the two countries'currencies is increasing while their correlation is strengthening;The two countries'currencies have more"fear of appreciation"than"fear of floating"after the Asian financial crisis.2012年教育部人文社会科学重点研究基地重大项目“全球化下东南亚的金融改革与金融安全研究”(12JJD810017)的研究成

100Gbit/s以太网关键技术研究及实现

文章首先介绍了100Gbit/s以太网及传输的关键技术,然后分析了现有商用高速光电子器件状况,介绍了烽火通信科技股份有限公司在100Gbit/s以太网接口及设备方面的研究进展和成果,以及4×25Gbit/s信号在常规G.652和G.657光纤上50km无误码传输的研究研究进展。研究成果表明,100Gbit/s以太网技术已经成熟,可以实现商用

黄地老虎种群动态与积雪的关系

利用新疆北部地区黑光灯下黄地老虎越(Agrotis segetum)冬代种群数据(1992~2001年),分析了越冬代种群数量与冬季积雪最大厚度和天数的关系。结果表明,黄地老虎越冬代发蛾的时间为4月30日~6月15日,越冬代种群数量年际间存在很大波动性。黄地老虎越冬代种群数量与当年度覆雪天数(1月1日~4月初)呈显著负相关(R2=0.6022,P<0.0083),而与冬季最大积雪厚度(R2=0.23,P=0.1577)和秋冬季(11月~翌年4月)积雪天数(R2=0.099,P<0.3748)相关不显著。当年度覆雪天数可以作为黄地老虎预测中的一项重要的参考指标

JUNO Sensitivity on Proton Decay p→νˉK+p\to \bar\nu K^+ Searches

The Jiangmen Underground Neutrino Observatory (JUNO) is a large liquid scintillator detector designed to explore many topics in fundamental physics. In this paper, the potential on searching for proton decay in $p\to \bar\nu K^+$ mode with JUNO is investigated.The kaon and its decay particles feature a clear three-fold coincidence signature that results in a high efficiency for identification. Moreover, the excellent energy resolution of JUNO permits to suppress the sizable background caused by other delayed signals. Based on these advantages, the detection efficiency for the proton decay via $p\to \bar\nu K^+$ is 36.9% with a background level of 0.2 events after 10 years of data taking. The estimated sensitivity based on 200 kton-years exposure is $9.6 \times 10^{33}$ years, competitive with the current best limits on the proton lifetime in this channel