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国际清算银行：贸易信贷和汇率风险传递（英文版）

Large firms borrow in foreign currency and are net providers of trade credit to firms in their supply chains. We model the transmission of exchange rate risk via firm balance sheets along the supply chain. Trade credit loosens borrowing constraints a...

2024-10-22 104 507.52KB 51页
世界银行：全球经济增长对多维贫困的影响分析（英文版）

This paper presents comprehensive findings on the relationship between economic growth and poverty. Using a first-difference model applied to data from more than 80 countries spanning over 20 years, the paper investigates how changes in gross domesti...

2024-10-21 354 916.12KB 51页
美国电影协会（MPA）：MPA针对人工智能和版权调查通知向美国版权局发表的评论（英文版）

The Motion Picture Association, Inc. (“MPA”) appreciates the opportunity to respond to the Copyright Office’s Notice of Inquiry and Request for Comments on Artificial Intelligence and Copyright (Docket No. USCO 2023-6), 88 Fed. Reg. 59942 (Aug. 30, 2...

2024-10-21 72 559.98KB 77页
美国电影协会（MPA）：电影盗版对票房收入的双重影响：蚕食和促销（英文版）

There are two main hypothesized effects from movie piracy: a cannibalization effect which reduces legitimate sales, and a promotional effect which increases word-of-mouth and stimulates sales. While these two effects are commonly discussed, there has...

2024-10-21 66 3.04MB 46页
Portulans Institute波图兰研究所：利用数据推进全球数字政策-收集和互操作性的优先事项（英文版）

Reliable and comprehensive data is a key precondition for informed policy making on national, regional, and global levels (OECD 2020). Policymakers require data not only to understand their challenges and opportunities but also to evaluate the impact...

2024-10-21 112 632.16KB 14页
国际清算银行：金融危机对工业增长的影响：过去40年的教训（英文版）

This work shows the impact of Önancial crises across industries and the total manufacturing sector. I Önd both a direct impact of Önancial crises on all manufacturing growth and an additional e§ect through an external Önance dependence channel. Exter...

2024-10-16 64 292.99KB 34页
国际清算银行：拉丁美洲跨境危机模拟演习（英文版）

In February 2024, the Financial Stability Institute (FSI) of the BIS, with the support of experts from the advisory firm Oliver Wyman, conducted a cross-border Crisis Simulation Exercise (CSE) involving authorities with responsibilities for crisis re...

2024-10-16 88 416.86KB 23页
国际清算银行：量子计算与金融体系：机遇与风险（英文版）

Quantum computers are still in an experimental phase, but in the future, they may have a profound impact on the financial system. By providing faster and potentially more efficient solutions, quantum computers have the potential to solve certain comp...

2024-10-16 67 1.04MB 33页
国际清算银行：中国的银行及其EMDE借款人：在地缘经济碎片化的时代，他们的关系是否发生了变化？（英文版）

While Chinese banks have become the top cross-border lender to EMDEs, their expansion has slowed recently, both in terms of volume and market share. Also, the strong correlation of China’s bilateral trade and its banks’ cross-border lending has weake...

2024-10-16 72 623.05KB 50页
国际货币基金组织：电力生产脱碳的经济学（英文版）

Electricity production is the sector with the largest share of global emissions and there are many options for decarbonizing it. Identifying the lowest cost option for achieving decarbonization (and full reliability) is a complex optimization probl...

2024-10-16 54 807.14KB 33页
国际货币基金组织：衡量软实力：一个新的全球指数（英文版）

Soft power is difficult to measure directly, and existing indicators—mostly subjective and not always transparent—fail to take into account the multidimensional nature of soft power. In this paper, we introduce a new comprehensive Global Soft Power I...

2024-10-16 72 829.04KB 24页
西南财经大学（赵宇）：自然语言处理：大模型理论与实践（预览版）

自然语言处理一直是人工智能最热门的应用研究领域，对科学技术、文化教育、经济社会的发展各个方面都具有极其重大的意义。自然语言处理的研究一直存在两类颇不相同而又相互补足的研究方法，即：规则方法与统计方法。规则方法追求的是对自然语言的理解，但严重受到领域的限制；统计方法恰好相反，它所追求的是领域无限，但语言理解能力却成为短板。近年以来，以 ChatGPT 为代表的生成式预训练对话人工智能技术（即大语言模型，简称大模型）取得了令人瞩目的进展，给基于统计方法的自然语言处理技术带来了前所未有的进...

2024-10-16 114 12.83MB 450页
欧洲央行：稳定币、货币市场基金与货币政策（英文版）

Using a new series of crypto shocks, we document that money market funds’ (MMF) assets under management, and traditional financial market variables more broadly, do not react to crypto shocks, whereas stablecoin market capitalization does. U.S. monet...

2024-10-15 73 2.63MB 25页
欧洲央行：支柱1或支柱2中的资本要求：这对市场纪律重要吗？（英文版）

The results of this paper provide empirical evidence that regulatory capital ratios drive bank Credit Default Swaps (CDS) and that markets react more to changes in capital requirements if implemented via direct adjustments to Pillar 1 risk weights th...

2024-10-15 53 1.32MB 57页
美联储：Arepas不是Tacos：拉丁美洲劳动力市场（英文版）

This paper examines labor markets across Latin American countries, revealing substantial differences in unemployment, informality, and worker transitions. Using surveys from eight countries, we construct comparable statistics on employment stocks and...

2024-10-15 58 1.08MB 29页
美联储：关于通货膨胀预期期限结构的分歧（英文版）

We develop a model of the individual term structure of inflation expectations across forecasting horizons. Using the Survey of Professional Forecasters, we decompose disagreement about inflation expectations into individuals’ long-term beliefs, priva...

2024-10-15 42 6.65MB 84页
美联储：银行与创业中的信息技术（英文版）

We study the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model, we establish that job creation by young firms is stronger in US counties more exposed to banks with greater IT adoption. We presen...

2024-10-15 49 706.44KB 85页
美联储：增加税收，减少再融资？抵押贷款利息扣除与货币政策传导（英文版）

We study how the mortgage interest deduction (MID) affects refinancing. Households who deduct mortgage interest from their taxes face a lower post-tax mortgage rate, reducing the interest savings from refinancing net of taxes. We estimate the effect ...

2024-10-15 220 2.35MB 50页
世界银行：印度绿色与棕色就业特征研究（英文版）

Transitioning toward sustainable development practices is expected to result in broad changes to economic activity, which will subsequently impact labor markets and change the demand for skills. India established the Skill Council for Green Jobs to i...

2024-10-14 115 1.53MB 53页
Moshi：2024实时对话的语音-文本基础模型技术（英文版）

We introduce Moshi, a speech-text foundation model and full-duplex spoken dialogue framework. Current systems for spoken dialogue rely on pipelines of independent components, namely voice activity detection, speech recognition, textual dialogue and t...

2024-10-14 47 4.54MB 67页

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