Sunday, March 29, 2015

John Maynard Keynes



Keynes measured Germany's capacity to pay reparations by:
"Her only means of paying was through an export surplus. Pre-War her deficit had been £74 million. By reducing imports and increasing exports, she might turn this into a £50 million surplus. Spread over 30 years this would come to a capital sum of £1700 million invested at 6%. Add £100 - 200 million for transfers of gold, property etc. and £2 billion is a safe maximum figure of Germany's capacity to pay." p.38
Keynes resigned his position at the Treasury as the reparations were set up to  22 billion pounds by the Allied victors - mostly Britain, France and America.


In Keynes' view, price stability was more important than exchange rate stability. So he argued against Britain's return to the Gold Standard. p.50-51

Germany achieved dramatic economic growth from its low point of 1932. In that year, industrial production was more than 40% below its 1929 level and there were 6 million people unemployed. By 1938, industrial production was 25% above the 1929 level and unemployment had been virtually eliminated. P. 100 How could Germany make it?

Pugh, P. & Garratt, C. (2012). Introduction to Keynes: a graphic guide. London: Icon Books. 






Thursday, March 26, 2015

順丰,不只是快遞!!



於 1993 年成立,早在 2003 年,馬雲兩次拜會,希望順丰能與「阿里巴巴」聯手,到 2008 年為全中國市場佔有率第二位,及 2013 年,主席王衛在《富比士》中國富豪排名二十二位。順丰卻向來很低調,從不請代言人。

順丰為防「爆倉」,實施了「收一派二」的政策,什麼是「收一派二」?

以 DHL, FedEx, UPS 和 TNT 為目標的順丰如何提高運轉效率?

「病毒行銷」什麼?為何靠病毒如何行銷可以無須在廣告、宣傳大費周章?

快遞員普遍都是學歷低、素質差的一群,面對轉型,如何提升員工的質素,和吸引高學歷的年青人加入呢?

一間民營企業如何對抗外國競爭者?

為什麼王衛堅持順丰要有自己的飛機?

順丰如何尋求「最後一公里」,為什麼與便利店「聯姻」,又為什麼自營便利商店?



李琦晨 (2015)。《順丰,不只是快遞!!》台灣:大都會文化。

Sunday, March 15, 2015

居安思危



書中主要是收錄了任志剛多年來所寫,有關金融和銀行業的文章。他的不少看法到今天仍然適用。如:

在他的自序中,談及了國際金危機 (p.28-32),又提及人民幣可兌換而非自由兌換的方向 (p.34)。

以及以下的章:

〈苦口良藥〉p.50-51
香港的外匯儲備是否足夠?〉p.82-84
監管跨國銀行〉p.106-107
銀行是否「與別不同」?〉p.114-116
金融穩定與樓市泡沫〉p.124-125
樓市變動〉p.126-127
後記〉p.180-183
政府在金融系統的參與〉p. 242-243
金融基本法〉p.244-245



任志剛 (2014)。《居安思危。香港:天窗出版。