Suchergebnisse

Peng, Handa. ; "August 2011." ; Thesis (M.Phil.)--Chinese University of Hong Kong, 2011. ; Includes bibliographical references (p. 81-83). ; Abstracts in English and Chinese. ; Abstract --- p.1 ; 摘要 --- p.2 ; Acknowledgements --- p.3 ; Introduction --- p.6 ; Chapter Section I --- Literature Review --- p.11 ; Theories on Sovereign Default --- p.11 ; Historical Case Studies on Sovereign Default --- p.15 ; Brief Summary on the Existing Theories and Empirical Cases --- p.16 ; Chapter Section II --- Historical Backgrounds --- p.21 ; Political Instability and Military Expenditures --- p.21 ; Fiscal Status during the rule of the Nanking Government --- p.22 ; Silver Standard and Currency Reform in 1935 --- p.26 ; Chapter Section III --- Sovereign Default and Restructuring Episodes of the Nanking Government --- p.29 ; Data --- p.29 ; Sovereign Debt as a Heritage --- p.30 ; Background Information of the Debts --- p.34 ; The Restructuring Episode --- p.37 ; Market Reactions --- p.42 ; Chapter Section IV --- Capital Market Access and Reputational Theories in the Restructuring Episode --- p.45 ; Access to the International Capital Market --- p.45 ; Relevance of the Traditional Reputational Model --- p.48 ; Signaling Model and Role of Reputation --- p.51 ; Chapter Section V --- Role of Sanctions in the Restructuring Episode --- p.57 ; Analytical Framework of the Sanctions Model --- p.57 ; Three Possible Channels of Direct Sanctions --- p.60 ; Chapter Section VI --- Informational Explanation of the Restructuring Episode --- p.64 ; A Practical Analytical Framework for the Informational Model --- p.64 ; Issue of Credibility and Currency Reform --- p.66 ; The Need for the Settlement of Old Debts --- p.68 ; Outcomes --- p.73 ; Summary --- p.77 ; Conclusion --- p.79 ; References --- p.81 ; Chapter Appendix I --- Basic information on Chinese sovereign bonds traded in the London Stock Exchange --- p.84 ; Chapter Appendix II --- Price of Chinese Sovereign Bonds traded in the London Stock Exchange --- p.86 ; Chapter Appendix III --- ...

The transition of the global financial governance system is a history of the rise and fall of the Western advanced countries in the post-war international political and economic system. Since the end of the Second World War, the International Monetary Foundation and the World Bank have always taken the dominant role in the field of global financial governance. However, after the beginning of the global financial crisis in 2008, many drawbacks have become apparent concerning these two significant institutions, such as the lack of representatives, the slow and ineffective response to the crisis, etc. Following a strong appeal from the developing countries (with the emerging powers as their representatives), the global financial governance system has experienced several rounds of reforms which have yet to yield acceptable results. Therefore, it is highly necessary to create a new institution which can play a complementary role in the existing financial governance system rather than overthrow it. Complying with the tide of history, the official establishment of the BRICS Bank can be of great significance to the reform of current global financial governance systems such as diversifying the global financial governance bodies, representing the interests of developing countries in a better way, enhancing the status and improving the importance of emerging economies in the international political and economic order. Admittedly, the BRICS Bank also faces great challenges and limits such as the lack of a core leadership and the absence of a unified currency, etc.

Lui, Hor Yan Joyce. ; Thesis (M.Phil.)--Chinese University of Hong Kong, 2007. ; Includes bibliographical references (leaves 173-184). ; Abstracts in English and Chinese. ; English Abstract --- p.i ; Chinese Abstract --- p.iii ; Acknowledgements --- p.v ; List of Tables --- p.vi ; List of Figures --- p.vii ; Table of Contents --- p.viii ; Chapter Chapter One: --- Introduction --- p.1 ; Chapter 1.1 --- Research Area and Objectives --- p.1 ; Chapter 1.2 --- Background and Conceptual Framework --- p.2 ; Chapter 1.3 --- Significance of the Research --- p.6 ; Chapter 1.4 --- Research Methodology --- p.9 ; Chapter 1.5 --- Chapter Organization --- p.9 ; Chapter Chapter Two: --- Hong Kong in the Midst of its Transformation --- p.11 ; Chapter 2.1 --- A State of Euphoria: Prelude to the Crisis --- p.11 ; Chapter 2.2 --- Post 1997 Crisis --- p.18 ; Chapter 2.3 --- Development of Social Security in Hong Kong --- p.20 ; Chapter 2.4 --- The Paradox --- p.26 ; Chapter Chapter Three: --- Welfare Debate --- p.28 ; Chapter 3.1 --- Social Democratic Welfare Regimes --- p.29 ; Chapter 3.1.1 --- Essential Characteristics --- p.29 ; Chapter 3.1.2 --- The Rise and Fall of the Welfare State --- p.30 ; Chapter 3.2 --- The New Right --- p.31 ; Chapter 3.3 --- The Social Development Approach as an Alternative --- p.34 ; Chapter Chapter Four: --- Governments' Responses in the West --- p.39 ; Chapter 4.1 --- Workfare Programs Gaining Currency --- p.39 ; Chapter 4.1.1 --- Origin and Development of Workfare Programs in the West --- p.41 ; Chapter 4.1.2 --- Debates in the Rhetoric of Workfare --- p.44 ; Chapter 4.1.2.1 --- Mandatory versus Voluntary --- p.45 ; Chapter 4.1.2.2 --- Work-first versus Education-first --- p.47 ; Chapter 4.1.3 --- Common Goal shared by various Emphases --- p.50 ; Chapter 4.1.4 --- Effectiveness of Workfare Programs --- p.50 ; Chapter 4.1.1.1 --- The Bright Side --- p.51 ; Chapter 4.1.4.2 --- The Dark Side --- p.52 ; Chapter Chapter Five: --- Hong Kong Government's Responses to the Paradox --- p.54 ; Chapter 5.1 --- ...