沪深300股指期货动态价量关系研究

利用沪深300股指期货合约的5分钟高频交易价量数据,分析股指期货合约的价量特征及其动态关系,结果表明:股指期货合约的价格波动率与成交量、相对成交量和相对持仓量之间均存在显著正向关系,而与持仓量之间存在显著负向关系;与预期成交量和未预期成交量都显著正相关,且未预期成交量的正向影响更大;与预期持仓量和未预期持仓量都显著负相关,且未预期持仓量的负向影响更大;成交量和持仓量的变化对股指期货价格波动的影响是不对称的,正的成交量和持仓量冲击比负的成交量和持仓量冲击的影响更大,即未预期成交量和未预期持仓量为正时对价格波动的影响会更大。股指期货市场的监管者和投资者可以通过观察成交量、持仓量、相对成交量、相对持仓量等显性指标及其变化,判断价格波动和市场风险等隐性指标的变化趋势,进而实施正确的监管政策和交易策略。     

利率衍生品对银行信贷的影响实证研究

随着我国利率衍生品市场的快速发展,其对银行信贷的影响日益凸现。对我国16家上市银行2006—2011年的数据进行分析,结果表明,利率衍生品的使用对传统信贷活动产生了显著的替代效应,银行持有利率衍生品名义本金占总资产比重提高1%会导致信贷下降0.4%,而持有利率衍生品名义本金占信贷总额的比重提高1%则使信贷下降0.26%。利率衍生品对银行传统信贷业务的替代效应有利于优化我国的金融结构,进而推进金融体系的健康发展。因此,应积极发展我国利率衍生品市场,并可以运用利率衍生品来完善货币政策。     

Beyond the Mission Statement: Alternative Futures for Today's Universities

ABSTRACT

Many post-secondary institutions utilize the mission statement as the key tool for positioning and marketing their strategic direction. Unfortunately, most mission statements found in higher education are far too simplistic and general to give substance and direction to differentiation and positioning of universities. This paper presents findings from a three-month participatory action research process at a large urban Canadian university seeking to establish a marketing mind set. Five possible futures reflecting the range of thinking regarding the role of universities emerged from the research process. Each alternative represents separate and different possible directions, the implications of which become more evident by contrast.     

Teacher education futures: today’s trends,tomorrow’s expectations

Education is facing significant political and contextual challenges that will impact its future. This study employs a Delphi methodology to investigate teacher educators’ views of current trends and their consequences for teacher education futures. Interviews were conducted with a sample of expert teacher educators drawn from eight countries. This provided international perspectives on both local and global trends. The data were analysed to identify and elaborate key themes reported by the participants. The article draws on these themes to develop brief narratives around current developments that the teacher educators argue will have a major impact on the future of teacher education. These narratives are used to develop possible scenarios to inform thinking about teacher education futures.     

Dual-mode teacher professional development: challenges and re-visioning future TPD in Indonesia

This paper presents the results of a two-year research project aimed at developing a teacher professional development (TPD) model in Indonesia. New government policies in this nation, its archipelagic nature, vast numbers of teachers and scarcity of support resources present a unique challenge to TPD. A needs assessment was conducted to identify teachers’ professional needs. Based on the results of this assessment, a dual-mode TPD that combines face-to-face sessions and online sessions was developed. Participation in face-to-face sessions was relatively high but the participation rate in online sessions was very low. Incentives, teachers’ autonomy as professional learners, ICT skills and infrastructure are important considerations when designing TPD in Indonesia. This study and an analysis of TPD policy allow us to suggest future directions for TPD in Indonesia.     

商业银行与期货行业合作研究

从战略角度看,期银业务合作可以带来双赢格局,且有巨大合作潜力,银行与期货业通过人力、网点网络、技术、客户等资源的共享与互补,不仅降低了经营成本,而且拓展了各自的经营领域的广度与深度,也能够促进创新,提供更多的风险管理方法,使双方客户都能享受到更全面、更深入的金融服务,从而提升双方服务质量,增强竞争力。从法规层面和技术手段上,也具备了合作的条件。     

Drawing out the value of the visual: children and young people theorizing time through art and narrative

This article examines the role that drawing can play in enabling children and young people to theorize concepts of time. In two, independent Australian research projects, children aged between 5 and 8 years were asked to respond to the question, ‘What might the future be like?’, while 12–14 year olds were asked, ‘What does history look like?’ There are points of connection and convergence in the analysis of the drawings and the ways in which the children articulate their visual representations of temporality to demonstrate deep and philosophical insights. This research illuminates possibilities for both the value of art practices in learning and the capacity for such approaches in schools. It disrupts narrow visions of neoliberal policy that privileges the teaching of literacy and numeracy in schools and seeks to transform children and youth into particular citizens for the future. We argue that expanding our view of the use and value of visual forms of learning and expression can contribute to a more layered and complex understanding of the capacities of children and young people. Further, this research contributes to better understanding of how students navigate challenging local curriculum and school terrain as they are increasingly posited as global citizens.     

马克思未来研究方法论的基本命题

马克思未来研究方法论的基本命题主要有：依据客观历史事实对未来进行研究：在社会历史发展规律中对未来作出展望;对未来社会研究进行宏观趋势性把握;通过社会实践实现人类未来发展舍规律与合目的的统一。马克思的研究方法注重从哲学层面对未来社会作出一般性探讨,能够为其他具体未来预测学科提供方法论基础。