Research On The Conducting Mechnism And Influence Of Subprime Crisis

The Subprime Crisis (Subprime Crisis), is the American housing market bubble. And history all the financial crisis, the subprime crisis, root, mechanism, conduction mechanism and the influence of the world economy, the crisis management, market and government function theory and the problems caused by the government departments concerned, and has been closely fruitful.From the perspective of historical development, since 70's last century, the financial crisis, such as shadow photograph is increasing rapidly, like "ghost" along with the development of the world economy. Comparison of financial crises have representative: 1970s early 1980s happened in Latin American countries currency crisis,1992-1993 European currency (EMS) crisis,1994-1995 Mexico financial crisis in 1997-1998, southeast Asian financial crisis,1998,1999 Russia's financial crisis, the Brazilian financial crisis in 2001, Turkish financial crisis in 2001 and Argentina financial crisis in 2007 the subprime crisis. And since the 1970s, compared to the other financial crisis, although the crisis, and the main difference degree, but the essence of global economic imbalances are under the background of the currency crisis, the final year to $under standard of international monetary system of internal defects inherent, therefore under $standard system of financial crisis and transmission mechanism is worth pondering. But if from more long-term time dimension, America in 1929-1933 of global economic crisis led to the great depression, however, due to the historical environment, especially in the international monetary system, makes the same happened in America after the two crises, global economic crisis policy direction.1929-1933 depression "crisis", after the global financial crisis, cause relatively conservative measures of threat of global economic deflation, while the subprime crisis erupted, global financial crisis after the measures are positive fiscal policy and looser monetary policy, but the crisis sparked after inflation fears, so what cause the crisis of global action after striking consistent? The answer to this question from the international monetary system also needs to adjust the economy and balanced adjustment mechanism analysis to find the answer.This article from the perspective of international monetary system evolution, the international monetary system development, the process of change, and reveals the subprime crisis erupted its roots. This article mainly includes several parts:part of introduction, in the concept of international financial crisis conduction, respectively from the root cause of the subprime crisis spread Angle of mechanism and the subprime crisis, research results related to review, based on research from the perspective of international monetary system of the subprime mortgage crisis and conduction mechanism of necessity, feasibility and creativity. In the second chapter, discusses the international monetary system and monetary crisis between the related concepts and theoretical model is introduced, the financial crisis of international transmission mechanism. For this study provide theoretical support. The third chapter proposed international monetary system, analyses the evolution process of the international monetary system and the relationship between the subprime crisis, Respectively in the americas, Europe and Asia financial crisis in the transmission for a detailed analysis. In the fourth chapter, the American housing market from the perspective of financial functions of the subprime crisis, the evolution of the review and analysis of financial innovation in the subprime crisis objectively evaluate the role. In chapter 5, separately from the subprime crisis to China's financial markets, the entity economy, and the influence of liquidity from three aspects of the U.S. subprime mortgage crisis, the impact on the Chinese economy, and thus empirically proved us subprime mortgage crisis, and affects the Chinese economy is $standard system is aggravating the U.S. subprime mortgage crisis in China's economic influence its roots. After the sixth chapter proposed international monetary system reform era of crisis with China, and puts forward the strategic choice after the crisis of the new era of international capital flow pattern, monetary system reform of new orientation, finally built after the age of China's financial system crisis reconstruction.