New changes are taking place in nontraditional security fields,characterized by the increase in confrontation and conflict,the intensification of threats,and diversification.The interconnectivity,unpredictability,and ...New changes are taking place in nontraditional security fields,characterized by the increase in confrontation and conflict,the intensification of threats,and diversification.The interconnectivity,unpredictability,and transmissibility of nontraditional security threats are unprecedented.The emergence and even perpetuation of the above-mentioned new features are both attributed to objective factors,such as social development,ideological shifts,and scientific and technological advancement,and are closely related to the moves of certain major countries to instigate the so-called remarkable power competition recklessly and boost geopolitical contest.The rapid resurgence of securitization in global politics is hidden behind the rise of nontraditional security threats.Nontraditional security issues have generally entered a dynamic phase,which exerts an impact on the international security environment and the global landscape.A growing number of countries have emphasized on the realistic and urgent threat of nontraditional security challenges to their national security.These countries have tended to achieve traditional security goals via nontraditional means and tackle nontraditional security challenges with traditional mindsets.Thus,the boundary between traditional and nontraditional security issues is increasingly blurred.The methodology that dichotomizes traditional and nontraditional security issues may no longer be useful during assessments of major threats confronting national security.The connotations of peace and war have significantly changed in the new era.Distinguishing"hot"security issues from"cold"ones or traditional security issues from nontraditional ones is difficult.Such distinction requires consideration of all security issues when recognizing and addressing national security challenges.Thus,these increasingly complex security issues must be analyzed within a wide context of the oncein-a-century changes occurring worldwide and China should pursue a holistic approach to national security as a fundamental principle in response to various threats.展开更多
Asset-backed securities are developed through complex processes such as asset restructuring and credit enhancement.Therefore,the information asymmetry between issuers and investors is greater compared to traditional s...Asset-backed securities are developed through complex processes such as asset restructuring and credit enhancement.Therefore,the information asymmetry between issuers and investors is greater compared to traditional securities,which imposes higher requirements on information disclosure for asset-backed securities.Asset-backed securities have characteristics such as diversified disclosers,differentiated disclosure content,and specialized risk factors.China has already formulated a series of rules and regulations regarding information disclosure of asset-backed securities.It is imperative to develop specialized laws and regulations for asset-backed securities,encompass original equity holders and credit enhancement agencies as information disclosers,incorporate information such as underlying asset details,cash flow projections,and credit ratings and enhancements into the disclosure content,and improve the legal liability rules to effectively address false disclosures.展开更多
Severe water shortage and uneven water distribution plague countries in the Middle East, especially the Jordan River Basin. As a strategic resource with competitive political nature, water resources are closely relate...Severe water shortage and uneven water distribution plague countries in the Middle East, especially the Jordan River Basin. As a strategic resource with competitive political nature, water resources are closely related to national security, and become the core resource arena that countries along the river basin compete for. This study argues that under the combined effect of the natural factors of water shortage, the geographical factors of uneven distribution of rivers across boundaries, and the subjective factors of water politics (the unfair setting of rules for water allocation), water disputes in the Middle East have become obstacles to regional peace, and the serious uneven distribution of water is the root cause of regional water disputes. Neither the historical water conflicts nor the existing water cooperation framework has solved the problem of balanced water distribution, which makes the people in basin countries directly face the crisis of survival rights and national security, and lays the fuse for the outbreak of regional water disputes and even future water wars. This study proposes the concept and analytical framework of “water securitization” based on securitization theory, and applies it to the Jordan River Basin, to analyze the reasons for the uneven distribution of water resources in the Middle East. The power-dominant state with asymmetric power in the river basin obtains the status of water hegemony by securitizing water, realizing the self-interested distribution of water resources, whichleads to the uneven distribution of water resources, and ultimately leads to the outbreak of conflicts and disputes. Specifically, it mainly adopts three mechanisms of discursive securitization, operational securitization, and institutional securitization. Looking to the future, it is difficult to successfully resolve water disputes in the Middle East in the short term, and a “de-securitization” approach is particularly important in resolving water disputes and easing regional security tension. Only by adopting a multi-field joint strategy can it provide the possibility to effectively resolve water disputes in the Jordan River Basin.展开更多
The subject of this research is the policing activities in France during 2004-2005 towards its Muslim population and related public discourses. It will compare the statistics of judiciary police and administrative pol...The subject of this research is the policing activities in France during 2004-2005 towards its Muslim population and related public discourses. It will compare the statistics of judiciary police and administrative police provided by the French authority in order to study the relation between surveillance activities and criminality of the given population. It will point out that the preventative measures taken by the administrative police specifically towards the Muslim population are disproportionately high in comparison to the actual occurences of terrorist actions committed by the group. Using the notion of securitization as an analytical tool, the paper will explain that the cohabitation with the Muslim population had been represented as an existential threat in France justifying severe measures disproportionate to the objective threat. It concludes that the acute vigilance surrounding the Muslims derives significantly from the raised ＂securityness＂ the French authority itself attributed to its Muslim population. The argument presented in this study adds an important perspective to the study of immigration. It shows how an escalation of securitization leads to heightened tension between the immigrants and the host society, actualizing the perceived threat by its own acts.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
The democratization process in the Middle East and North Africa （MENA）, better known as the Arab Spring, led to increased instability in the region. The civil war in Syria coupled with the attacks by the Islamic Sta...The democratization process in the Middle East and North Africa （MENA）, better known as the Arab Spring, led to increased instability in the region. The civil war in Syria coupled with the attacks by the Islamic State of Iraq and Syria （ISIS） or later known as the Islamic State （IS） has resulted in one of the largest humanitarian crises since World War II. This security threat has spread to other regions, including Southeast Asia. Indonesia, with the biggest Moslems population in Southeast Asia, has been affected most significantly in comparison to other ASEAN member countries. ISIS has acknowledged its terrorist actions which involved suicide bomb attacks, and also claimed membership all over the archipelago. The continuing violence and resulting threats or feeling of insecurity negatively affect the lives, freedom, dignity, and development oft^e people. Not only related to political and military, the threat also affected human security, including economic, environmental, social, and other forms of harm done by the overall livelihood and wellbeing of individuals. Other threats related to the recruitment process of new ISIS member made use of conventional and social media. This arcticle aims to answer the question： ＂How has ISIS threatened human security in Indonesia？＂ Another question is： How has the Indonesian government reacted to securitize the above issues？ It concluded that the government has not comprehensively solved the issues to reduce human security threats in Indonesia展开更多
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
The growth in shadow banking system over the past few years is acknowledged as the key risk to Malaysia＇s financial stability. This is because that it is associated with growth in the household debts extended by the ...The growth in shadow banking system over the past few years is acknowledged as the key risk to Malaysia＇s financial stability. This is because that it is associated with growth in the household debts extended by the shadow banks. In line with initiatives by the Bank Negara Malaysia （the Central Bank of Malaysia） to enhance surveillance on the activities of the shadow banks in Malaysia, this study attempts to examine the determinants of default risks of shadow banks restricting to focus on their two main activities： securitization and collateralization. The results provide empirical evidence that future methodology to examine the systemic risks in the shadow banking system may need to account for additional explanatory variables that measure collateralized assets that are being intermediated.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
Mining right asset securitization is a market financing pattern for mineral resources, and it is a creative application of financial asset securitization. Nowadays, because of world energy price decline, the world ene...Mining right asset securitization is a market financing pattern for mineral resources, and it is a creative application of financial asset securitization. Nowadays, because of world energy price decline, the world energy market is facing weak investment and financing sharply under pressure. Under this background, this paper aims at briefly commenting on the content, processes and impact of mining right asset securitization, understanding the international mining right asset securitization specific practices, and then combining the situation of China(Shanghai) Pilot Free Trade Zone so as to give advice for the development of mining right asset securitization in China. For instance, mineral mining rights and expenses system design are not clear, so the mineral values do not reflect their true costs and the need to speed up market credit system construction.展开更多
Indonesian Chinese culture is a part of Indonesian multiculturalism.However,it is challenged by“securitization”.Taking two cases as examples to explain the“securitization”of Indonesian Chinese culture.Several secu...Indonesian Chinese culture is a part of Indonesian multiculturalism.However,it is challenged by“securitization”.Taking two cases as examples to explain the“securitization”of Indonesian Chinese culture.Several securitizing actors claimed that Guan Yu statue and lanterns are symbols of Chinese culture,and they claimed that they threaten the national security of Indonesia.The securitizing carriers attempt to influence the judgment of the audiences through agenda-setting and framing effects.Nevertheless,the audiences have not fully accepted the securitizing move because the Indonesians regarded the anti-Jokowi forces’tactics and“China Threat Theories”have not yet reached a consensus.The reason for the failure of this securitization process is about aspects,including the on-ground views on the cultural expressions and practices of Chineseness,the public identified the usual tricks of the anti-Jokowi forces,and there is no consensus on the so-called“China Threat Theories”in Indonesia.To preserve and promote Chineseness under the multicultural agenda,several measures have been implemented by the Indonesian government to promote the harmonious development of ethnic groups and multicultural integration in Indonesia to a certain extent.展开更多
In this paper, through analyzing the necessity of the securitization of the non-performing loans of China＇s state-owned banks, the author proposes some tentative ideas for the securitization of the non-performing loa...In this paper, through analyzing the necessity of the securitization of the non-performing loans of China＇s state-owned banks, the author proposes some tentative ideas for the securitization of the non-performing loans and works out some problems that need to be solved in this process.展开更多
Since the 1970s,the global resurgence of religion,the politicization and internationalization of religion,as well as the raging violent religious extremism,have posed a severe challenge to national sovereignty and int...Since the 1970s,the global resurgence of religion,the politicization and internationalization of religion,as well as the raging violent religious extremism,have posed a severe challenge to national sovereignty and international order.The impact of religion on national security has become an inevitable problem facing the world.For more than 60 years since the founding of the PRC,religion has always been an important issue in its national security considerations,while“anti-foreign religious infiltration”and“combating the three forces of terrorism,national separatism and religious extremism”have become the official guidelines of discussions concerning religion and national security.In the context of the global resurgence of religion,changes in China’s religious security situation and the development of non-traditional security studies,research on religion and China’s national security has begun to break through the conventional pattern of“anti-filtration study”and started to become more academic and empirical.This paper has outlined the history and current situation of studies about religion and China’s national security and discussed some basic issues of this research area.展开更多
Telecom enterprises are in urgent need of a large amount of funds forupdating networks and expanding market shares, while asset-backed Securitization is the most rapidlyand vigorously growing product of financial inno...Telecom enterprises are in urgent need of a large amount of funds forupdating networks and expanding market shares, while asset-backed Securitization is the most rapidlyand vigorously growing product of financial innovation in the international capital market. Sincetelecom asset is characterized by long recovery period, poor liquidity, high quality and stable cashflow, which are the basic conditions for using asset-backed Securitization to finance, asset-backedSecuritization can be a new financing way for telecom enterprises.展开更多
The article focuses on the nature of the relations between Turkey and Syria during the Syrian crisis.Although the relationship between Turkey and Syria had undergone some ups and downs in the last several years,both c...The article focuses on the nature of the relations between Turkey and Syria during the Syrian crisis.Although the relationship between Turkey and Syria had undergone some ups and downs in the last several years,both countries tried their best to improve their economic,political,cultural,and diplomatic relations.Indeed,Turkey introduced its model,“Moderate Islamic ideologies”,through Syria in the Middle East and North Africa(MENA).The“Arab Spring”of 2011 was a very good opportunity for Turkey to introduce its democratic Islamic dogmas which were welcomed by the Muslim Brotherhood leaders in some Arab Countries.But,the President of Syria,Bashar Al Assad,and his allies were very critical of Turkey’s policy.Thus,the article mainly explores the role of Turkey in Syria’s internal affairs,in particular,Erdogan’s policy towards Syrian crises.Besides,it examines Turkey’s domestic challenges and how Turkey has presented itself as a big supporter of the Arab Spring in the MENA.However,the article has found out that the current policies of Turkey towards the Syrian crisis are critical within the Middle East region.In other words,the conflicts and the wars against the Islamic State(ISIS)and the Kurdistan Workers’Party(PKK)weakened the bilateral relations.The Syrian refugees and the PKK are posing overwhelming challenges to Turkey’s economy and internal security.展开更多
文摘New changes are taking place in nontraditional security fields,characterized by the increase in confrontation and conflict,the intensification of threats,and diversification.The interconnectivity,unpredictability,and transmissibility of nontraditional security threats are unprecedented.The emergence and even perpetuation of the above-mentioned new features are both attributed to objective factors,such as social development,ideological shifts,and scientific and technological advancement,and are closely related to the moves of certain major countries to instigate the so-called remarkable power competition recklessly and boost geopolitical contest.The rapid resurgence of securitization in global politics is hidden behind the rise of nontraditional security threats.Nontraditional security issues have generally entered a dynamic phase,which exerts an impact on the international security environment and the global landscape.A growing number of countries have emphasized on the realistic and urgent threat of nontraditional security challenges to their national security.These countries have tended to achieve traditional security goals via nontraditional means and tackle nontraditional security challenges with traditional mindsets.Thus,the boundary between traditional and nontraditional security issues is increasingly blurred.The methodology that dichotomizes traditional and nontraditional security issues may no longer be useful during assessments of major threats confronting national security.The connotations of peace and war have significantly changed in the new era.Distinguishing"hot"security issues from"cold"ones or traditional security issues from nontraditional ones is difficult.Such distinction requires consideration of all security issues when recognizing and addressing national security challenges.Thus,these increasingly complex security issues must be analyzed within a wide context of the oncein-a-century changes occurring worldwide and China should pursue a holistic approach to national security as a fundamental principle in response to various threats.
文摘Asset-backed securities are developed through complex processes such as asset restructuring and credit enhancement.Therefore,the information asymmetry between issuers and investors is greater compared to traditional securities,which imposes higher requirements on information disclosure for asset-backed securities.Asset-backed securities have characteristics such as diversified disclosers,differentiated disclosure content,and specialized risk factors.China has already formulated a series of rules and regulations regarding information disclosure of asset-backed securities.It is imperative to develop specialized laws and regulations for asset-backed securities,encompass original equity holders and credit enhancement agencies as information disclosers,incorporate information such as underlying asset details,cash flow projections,and credit ratings and enhancements into the disclosure content,and improve the legal liability rules to effectively address false disclosures.
文摘Severe water shortage and uneven water distribution plague countries in the Middle East, especially the Jordan River Basin. As a strategic resource with competitive political nature, water resources are closely related to national security, and become the core resource arena that countries along the river basin compete for. This study argues that under the combined effect of the natural factors of water shortage, the geographical factors of uneven distribution of rivers across boundaries, and the subjective factors of water politics (the unfair setting of rules for water allocation), water disputes in the Middle East have become obstacles to regional peace, and the serious uneven distribution of water is the root cause of regional water disputes. Neither the historical water conflicts nor the existing water cooperation framework has solved the problem of balanced water distribution, which makes the people in basin countries directly face the crisis of survival rights and national security, and lays the fuse for the outbreak of regional water disputes and even future water wars. This study proposes the concept and analytical framework of “water securitization” based on securitization theory, and applies it to the Jordan River Basin, to analyze the reasons for the uneven distribution of water resources in the Middle East. The power-dominant state with asymmetric power in the river basin obtains the status of water hegemony by securitizing water, realizing the self-interested distribution of water resources, whichleads to the uneven distribution of water resources, and ultimately leads to the outbreak of conflicts and disputes. Specifically, it mainly adopts three mechanisms of discursive securitization, operational securitization, and institutional securitization. Looking to the future, it is difficult to successfully resolve water disputes in the Middle East in the short term, and a “de-securitization” approach is particularly important in resolving water disputes and easing regional security tension. Only by adopting a multi-field joint strategy can it provide the possibility to effectively resolve water disputes in the Jordan River Basin.
文摘The subject of this research is the policing activities in France during 2004-2005 towards its Muslim population and related public discourses. It will compare the statistics of judiciary police and administrative police provided by the French authority in order to study the relation between surveillance activities and criminality of the given population. It will point out that the preventative measures taken by the administrative police specifically towards the Muslim population are disproportionately high in comparison to the actual occurences of terrorist actions committed by the group. Using the notion of securitization as an analytical tool, the paper will explain that the cohabitation with the Muslim population had been represented as an existential threat in France justifying severe measures disproportionate to the objective threat. It concludes that the acute vigilance surrounding the Muslims derives significantly from the raised ＂securityness＂ the French authority itself attributed to its Muslim population. The argument presented in this study adds an important perspective to the study of immigration. It shows how an escalation of securitization leads to heightened tension between the immigrants and the host society, actualizing the perceived threat by its own acts.
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The democratization process in the Middle East and North Africa （MENA）, better known as the Arab Spring, led to increased instability in the region. The civil war in Syria coupled with the attacks by the Islamic State of Iraq and Syria （ISIS） or later known as the Islamic State （IS） has resulted in one of the largest humanitarian crises since World War II. This security threat has spread to other regions, including Southeast Asia. Indonesia, with the biggest Moslems population in Southeast Asia, has been affected most significantly in comparison to other ASEAN member countries. ISIS has acknowledged its terrorist actions which involved suicide bomb attacks, and also claimed membership all over the archipelago. The continuing violence and resulting threats or feeling of insecurity negatively affect the lives, freedom, dignity, and development oft^e people. Not only related to political and military, the threat also affected human security, including economic, environmental, social, and other forms of harm done by the overall livelihood and wellbeing of individuals. Other threats related to the recruitment process of new ISIS member made use of conventional and social media. This arcticle aims to answer the question： ＂How has ISIS threatened human security in Indonesia？＂ Another question is： How has the Indonesian government reacted to securitize the above issues？ It concluded that the government has not comprehensively solved the issues to reduce human security threats in Indonesia
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The growth in shadow banking system over the past few years is acknowledged as the key risk to Malaysia＇s financial stability. This is because that it is associated with growth in the household debts extended by the shadow banks. In line with initiatives by the Bank Negara Malaysia （the Central Bank of Malaysia） to enhance surveillance on the activities of the shadow banks in Malaysia, this study attempts to examine the determinants of default risks of shadow banks restricting to focus on their two main activities： securitization and collateralization. The results provide empirical evidence that future methodology to examine the systemic risks in the shadow banking system may need to account for additional explanatory variables that measure collateralized assets that are being intermediated.
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.
基金the Key Research Project of Shanxi Provincial Federation of Social Sciences(No.SSKLZDKT2014043)
文摘Mining right asset securitization is a market financing pattern for mineral resources, and it is a creative application of financial asset securitization. Nowadays, because of world energy price decline, the world energy market is facing weak investment and financing sharply under pressure. Under this background, this paper aims at briefly commenting on the content, processes and impact of mining right asset securitization, understanding the international mining right asset securitization specific practices, and then combining the situation of China(Shanghai) Pilot Free Trade Zone so as to give advice for the development of mining right asset securitization in China. For instance, mineral mining rights and expenses system design are not clear, so the mineral values do not reflect their true costs and the need to speed up market credit system construction.
文摘Indonesian Chinese culture is a part of Indonesian multiculturalism.However,it is challenged by“securitization”.Taking two cases as examples to explain the“securitization”of Indonesian Chinese culture.Several securitizing actors claimed that Guan Yu statue and lanterns are symbols of Chinese culture,and they claimed that they threaten the national security of Indonesia.The securitizing carriers attempt to influence the judgment of the audiences through agenda-setting and framing effects.Nevertheless,the audiences have not fully accepted the securitizing move because the Indonesians regarded the anti-Jokowi forces’tactics and“China Threat Theories”have not yet reached a consensus.The reason for the failure of this securitization process is about aspects,including the on-ground views on the cultural expressions and practices of Chineseness,the public identified the usual tricks of the anti-Jokowi forces,and there is no consensus on the so-called“China Threat Theories”in Indonesia.To preserve and promote Chineseness under the multicultural agenda,several measures have been implemented by the Indonesian government to promote the harmonious development of ethnic groups and multicultural integration in Indonesia to a certain extent.
文摘In this paper, through analyzing the necessity of the securitization of the non-performing loans of China＇s state-owned banks, the author proposes some tentative ideas for the securitization of the non-performing loans and works out some problems that need to be solved in this process.
基金This research is supported by Fudan University’s Center for the Study of Religion and China’s National Security,and“Religion&China’s National Construction in the Globalization Era Research Program”of Fudan University’s Phase III of 985 Project on Social Sciences Studies.
文摘Since the 1970s,the global resurgence of religion,the politicization and internationalization of religion,as well as the raging violent religious extremism,have posed a severe challenge to national sovereignty and international order.The impact of religion on national security has become an inevitable problem facing the world.For more than 60 years since the founding of the PRC,religion has always been an important issue in its national security considerations,while“anti-foreign religious infiltration”and“combating the three forces of terrorism,national separatism and religious extremism”have become the official guidelines of discussions concerning religion and national security.In the context of the global resurgence of religion,changes in China’s religious security situation and the development of non-traditional security studies,research on religion and China’s national security has begun to break through the conventional pattern of“anti-filtration study”and started to become more academic and empirical.This paper has outlined the history and current situation of studies about religion and China’s national security and discussed some basic issues of this research area.
文摘Telecom enterprises are in urgent need of a large amount of funds forupdating networks and expanding market shares, while asset-backed Securitization is the most rapidlyand vigorously growing product of financial innovation in the international capital market. Sincetelecom asset is characterized by long recovery period, poor liquidity, high quality and stable cashflow, which are the basic conditions for using asset-backed Securitization to finance, asset-backedSecuritization can be a new financing way for telecom enterprises.
文摘The article focuses on the nature of the relations between Turkey and Syria during the Syrian crisis.Although the relationship between Turkey and Syria had undergone some ups and downs in the last several years,both countries tried their best to improve their economic,political,cultural,and diplomatic relations.Indeed,Turkey introduced its model,“Moderate Islamic ideologies”,through Syria in the Middle East and North Africa(MENA).The“Arab Spring”of 2011 was a very good opportunity for Turkey to introduce its democratic Islamic dogmas which were welcomed by the Muslim Brotherhood leaders in some Arab Countries.But,the President of Syria,Bashar Al Assad,and his allies were very critical of Turkey’s policy.Thus,the article mainly explores the role of Turkey in Syria’s internal affairs,in particular,Erdogan’s policy towards Syrian crises.Besides,it examines Turkey’s domestic challenges and how Turkey has presented itself as a big supporter of the Arab Spring in the MENA.However,the article has found out that the current policies of Turkey towards the Syrian crisis are critical within the Middle East region.In other words,the conflicts and the wars against the Islamic State(ISIS)and the Kurdistan Workers’Party(PKK)weakened the bilateral relations.The Syrian refugees and the PKK are posing overwhelming challenges to Turkey’s economy and internal security.
