Research On Prevention Policy Of Financial Crisis And Crisis Management On The Basis Of Transmission Mechanism

With the trend of economic globalization and rapid development of the financial industry, the financial crisis outbreaks frequently, such as Monetary System crisis in Europe during 1992-1993, Latin American debt crisis during 1994-1995, Asian financial crisis during 1997-1998, as well as the U.S. sub-prime mortgage crisis in 2007 The financial crisis broke out intensively and infectious rapidly has Cause of rounds of academic discussion. It has been a few studies of the transmission path for crisis prevention measures. If not cut off the transmission path of the crisis promptly, It'll cause great harm on the world economy. With the deep openness of China's financial, and there are problems as imperfect market economic system and financial legal system, all of these increase the risk. This paper study the policy and governance to prevent transmission path of financial crisis.This paper collected a large number of foreign literature and studies, using the method of logical analysis, case studies and standardized research, combining qualitative and quantitative research analysis to study of the financial crisis prevention and management of effective countermeasures. Based on the measures to prevent transmission path of the financial crisis, the paper commented China's response to the Asian financial crisis and the U.S. sub-prime mortgage crisis, and then draw a set of feasible path for the Financial Crisis Prevention and Treatment Strategies.This paper is divided into four parts. The first part pointed out the deficiencies research in recently, and gived the forward ideas, methods and innovations of this research. The second part analyzed the method of preventing path of financial crisis, and hope to give the measures to cut off the conduction path to prevent the spread of the crisis. The third part is on research of the control methods of the financial crisis, and pointed out the infected crisis should be divided into emergency treatment and follow-up management. The fourth part introduced China's response to the Asian financial crisis and the United States sub-prime mortgage crisis, and commented the prevention policies. According to our current financial crisis prevention and management, the paper proposed the measures that China's policy recommendations to prevent the financial crisis.