一类扩散过程的最优停止

金融数学中关于美式期权的定价理论最后归结为一个对扩散过程的最优停止问题,扩散过程是特殊的马氏过程,本文讨论了当报酬函数非负时的值函数性质及其最优停时的表示。特别对带折扣的报酬的讨论,更加符合金融数学的需要     

浅谈武警部队财务信息化建设

结合笔者工作实践,对武警部队实施财务信息化管理的现状和问题进行了简要归纳和总结,并着重对武警部队如何顺利推进财务管理信息化提出了建议和意见。     

论加强消防部队财务规范化建设

搞好消防部队的财务工作,必须要紧跟时代步伐,加强业务建设和财务人员的素质建设。     

提升消防部队财务保障效能的思考

针对当前消防部队财务保障现状及存在的主要问题,提出健全经费保障机制、优化经费投向投量、强化财务监督等对策,以进一步提升消防部队财务综合保障效能。     

浅谈装备财务管理工作面临的问题及出路

装备财务管理工作是我军装备建设的关键点和枢纽,其管理效能的发挥直接关系我军装备建设经费的军事和经济效益。当前,受发展水平的限制,我军的装备财务管理工作任务十分艰巨,面临预算执行困难、开支随意性大、装备财务管理信息化水平低、专业人才数量少等问题,需要从内部控制机制建设、装备财务管理评价系统建设、人才建设三个方向,探寻解决问题的出路。     

A theory of war finance

This paper analyses the financial and war‐spending policies of a state that faces a conflict in which defeat would result in the loss of sovereign power and in which the material consequences, conditional on avoiding defeat, are stochastic. The analysis takes explicit account of the historical experiences of lenders, who face debt repudiation if the state to whom they have lent is defeated and who also face partial default if the material consequences of the war are unfavorable for the debtor state, even if it avoids defeat. In this analysis, the state uses war debt to smooth expected consumption intertemporally in response to temporary war spending, and the state also uses contingent debt servicing to insure realized consumption against the risk associated with the material consequences of the war. An important innovation in the analysis is to treat the equilibrium amount of war spending, the state's resulting probability of avoiding defeat, as well as the equilibrium amount of borrowing as a set of endogenous variables to be determined simultaneously.     

新疆高等教育融资分析及对策研究

本文针对新疆高等教育发展的趋势,研究新疆高等教育融资的必要性和可行性,分析当前高等教育融资面临的问题,并提出相应的对策。     

农村公共财政政策下的消防工作研究

介绍了农村消防工作与农村公共财政政策的内在联系,分析了农村公共财政政策和农村消防基础设施建设存在问题。就改革农村公共财政政策,加强农村消防基础设施建设进行了探讨。     

EUROPEAN DEFENCE FIRMS: THE INFORMATION BARRIER ON PRIVATE FINANCE*

After the fall of the Berlin Wall, European governments adopted a hands‐off policy towards the defence industrial base, in an attempt to increase the sector’s efficiency and reactivity. In this context, one topical issue is how to motivate defence firms to apply for private rather than public finance. Since banks have no prior experience with European defence firms, a problem of asymmetric information may block this transition. The problem is analysed within the framework of a game between defence firms and banks. It is shown that the Bayesian Equilibrium might correspond to a situation where low‐risk firms prefer the state‐financed scheme; yet, in a perfect information set‐up, the same firms would apply for bank credit. In order to facilitate the transition to private finance, the government might decide to subsidize investors who agree on financing defence firms; the state aid should be made available during a transitory learning period.     

论国外开发落后地区的财政金融政策──兼谈对我国西部大开发的借鉴

国外在开发落后地区的政策方面已经积累了许多成功的经验和失败的教训。财政政策上涉及转移支付、财政补助、政府赠款、政府采购、税收优惠等。金融政策上涉及优惠贷款、贷款担保、资金跨区流动、投资基金等。这些对我国西部大开发都有着一定的借鉴意义。