Since the end of World War II,European migration narratives have undergone multiple turns.The shift toward securitization began around the 1980s and 1990s,aggravated by the rise of the extreme right,the disintegration...Since the end of World War II,European migration narratives have undergone multiple turns.The shift toward securitization began around the 1980s and 1990s,aggravated by the rise of the extreme right,the disintegration of the bipolar world,the acceleration of globalization,the global war on terror,and the 2015 European refugee crisis.Although,given the current context of globalization and anti-terrorism efforts,the same phenomenon can be seen in many countries worldwide,the securitization of migration in Europe has distinct"European characteristics":(i)the debate has been particularly intense and controversial;(i)the actors involved are complex and diverse;and(ii)the issue of immigrants is closely related with the European Union's peripheral governance.Admittedly,securitizing migration has enabled Europe to adopt more assertive policies on the issue.This,however,cannot fully address its challenges.An effective response requires finding a middle way between different(or even opposing)political positions,relocating immigrants within Europe geographically,developing psychosocial mechanisms to reduce the risk of terrorist attacks,and implementing a multilateral approach to migration governance.展开更多
In recent years, the rapid innovation and development of financial industry has made financial enterprises have a lot of information. However, the large amount of information is tampered with and fragmented, which can...In recent years, the rapid innovation and development of financial industry has made financial enterprises have a lot of information. However, the large amount of information is tampered with and fragmented, which cannot be shared. With the constant innovation of science and technology, it is the most effective way to solve the information lag and asymmetry of financial products. This article aims to start from the problem of asymmetric information of financial products, the analysis of the emerging block chain technology applied in the financial sector, and with the development of asset securitization information known as the typical scenario for the first time, a concrete analysis information game process, and discuss about the application of chain blocks in securitization feasibility.展开更多
On the basis of questionnaire survey in 54 natural villages of 22 cities( counties) in 6 central region provinces,this paper analyzed the willingness of rural land circulation and securitization and influencing factor...On the basis of questionnaire survey in 54 natural villages of 22 cities( counties) in 6 central region provinces,this paper analyzed the willingness of rural land circulation and securitization and influencing factors with the aid of Logistic model and Multinomial Logit model.The study indicates that factors influencing willingness of rural land circulation and securitization mainly include land contract method,land circulation information and approaches,rights and interests of farmers infringed or not,policies of benefiting farmers,and non-agricultural skills. Finally,it came up with following pertinent policy recommendations:( 1) reforming and improving land contract methods;( 2)strengthening disclosure of land circulation information;( 3) reforming and improving land circulation approaches;( 4) strengthening protection of farmers' rights and interests in the process of land circulation;( 5) reinforcing and implementing policies benefiting farmers;( 6) cultivating and developing farmers' non-agricultural skills.展开更多
A zero-knowledge proof or protocol is a cryptographic technique for verifying private data without revealing it in its clear form.In this paper,we evaluate the potential for zero-knowledge distributed ledger technolog...A zero-knowledge proof or protocol is a cryptographic technique for verifying private data without revealing it in its clear form.In this paper,we evaluate the potential for zero-knowledge distributed ledger technology to alleviate asymmetry of information in the asset-backed securitization market.To frame this inquiry,we conducted market data analyses,a review of prior literature,stakeholder interviews with investors,originators and security issuers and collaboration with blockchain engineers and researchers.We introduce a new system which could enable all market participants in the securitization lifecycle(e.g.investors,rating agencies,regulators and security issuers)to interact on a unique decentralized platform while maintaining the privacy of loan-level data,therefore providing the industry with timely analytics and performance data.Our platform is powered by zkLedger(Narula et al.2018),a zero-knowledge protocol developed by the MIT Media Lab and the first system that enables participants of a distributed ledger to run publicly verifiable analytics on masked data.展开更多
Along with the advancement of urbanization, the traffic infrastructure construction of urban rail expanding constantly, meet the demand of city travel. However in the construction of urban rail transit, the constructi...Along with the advancement of urbanization, the traffic infrastructure construction of urban rail expanding constantly, meet the demand of city travel. However in the construction of urban rail transit, the construction fund demand is large, expected return and long construction period, makes its financing difficult. This paper analyze the predictable and stable cash income of rail transit construction, introducing the financing way of asset securitization, and attracting private investment and institutions. Discussing the urban rail transit in China which using the feasibility of asset securitization, providing financing channels to urban rail transit.展开更多
文摘Since the end of World War II,European migration narratives have undergone multiple turns.The shift toward securitization began around the 1980s and 1990s,aggravated by the rise of the extreme right,the disintegration of the bipolar world,the acceleration of globalization,the global war on terror,and the 2015 European refugee crisis.Although,given the current context of globalization and anti-terrorism efforts,the same phenomenon can be seen in many countries worldwide,the securitization of migration in Europe has distinct"European characteristics":(i)the debate has been particularly intense and controversial;(i)the actors involved are complex and diverse;and(ii)the issue of immigrants is closely related with the European Union's peripheral governance.Admittedly,securitizing migration has enabled Europe to adopt more assertive policies on the issue.This,however,cannot fully address its challenges.An effective response requires finding a middle way between different(or even opposing)political positions,relocating immigrants within Europe geographically,developing psychosocial mechanisms to reduce the risk of terrorist attacks,and implementing a multilateral approach to migration governance.
文摘In recent years, the rapid innovation and development of financial industry has made financial enterprises have a lot of information. However, the large amount of information is tampered with and fragmented, which cannot be shared. With the constant innovation of science and technology, it is the most effective way to solve the information lag and asymmetry of financial products. This article aims to start from the problem of asymmetric information of financial products, the analysis of the emerging block chain technology applied in the financial sector, and with the development of asset securitization information known as the typical scenario for the first time, a concrete analysis information game process, and discuss about the application of chain blocks in securitization feasibility.
基金Supported by Development Report Project for Philosophy and Social Science of the Ministry of Education(11JBG006)Project of National Social Science Foundation(11CJY034)+1 种基金Project of Hubei Financial Research Center of Key Research Base of Humanities and Social Science of Colleges and Universities of Hubei Province(2011B003)Fundamental Research Funds for the Central Universities in 2013(20132013)
文摘On the basis of questionnaire survey in 54 natural villages of 22 cities( counties) in 6 central region provinces,this paper analyzed the willingness of rural land circulation and securitization and influencing factors with the aid of Logistic model and Multinomial Logit model.The study indicates that factors influencing willingness of rural land circulation and securitization mainly include land contract method,land circulation information and approaches,rights and interests of farmers infringed or not,policies of benefiting farmers,and non-agricultural skills. Finally,it came up with following pertinent policy recommendations:( 1) reforming and improving land contract methods;( 2)strengthening disclosure of land circulation information;( 3) reforming and improving land circulation approaches;( 4) strengthening protection of farmers' rights and interests in the process of land circulation;( 5) reinforcing and implementing policies benefiting farmers;( 6) cultivating and developing farmers' non-agricultural skills.
基金We received funding solely from our institution to perform this research.
文摘A zero-knowledge proof or protocol is a cryptographic technique for verifying private data without revealing it in its clear form.In this paper,we evaluate the potential for zero-knowledge distributed ledger technology to alleviate asymmetry of information in the asset-backed securitization market.To frame this inquiry,we conducted market data analyses,a review of prior literature,stakeholder interviews with investors,originators and security issuers and collaboration with blockchain engineers and researchers.We introduce a new system which could enable all market participants in the securitization lifecycle(e.g.investors,rating agencies,regulators and security issuers)to interact on a unique decentralized platform while maintaining the privacy of loan-level data,therefore providing the industry with timely analytics and performance data.Our platform is powered by zkLedger(Narula et al.2018),a zero-knowledge protocol developed by the MIT Media Lab and the first system that enables participants of a distributed ledger to run publicly verifiable analytics on masked data.
文摘Along with the advancement of urbanization, the traffic infrastructure construction of urban rail expanding constantly, meet the demand of city travel. However in the construction of urban rail transit, the construction fund demand is large, expected return and long construction period, makes its financing difficult. This paper analyze the predictable and stable cash income of rail transit construction, introducing the financing way of asset securitization, and attracting private investment and institutions. Discussing the urban rail transit in China which using the feasibility of asset securitization, providing financing channels to urban rail transit.
