美国次贷危机对全球经济的影响研究
|
摘要
2007年,美国爆发了次贷危机,并且愈演愈烈,美国的次贷危机不仅对美国房地产市场和金融市场产生很大影响,同时也对美国的实体经济和全球金融体系带来挑战,并殃及到全球经济。美国次贷危机造成了美国、欧盟以及新兴市场国家的经济成长放缓并伴随全球性的通货膨胀,对世界经济未来几年的发展前景形成了深远的影响。深入地分析美国次贷危机的形成机理及其对世界各国的经济影响,对中国从中汲取教训,进一步完善金融体制,推动中国经济更加平稳的运行具有重要的理论意义和现实意义。
本文在深入探讨了美国次贷危机爆发的深层原因和表层原因的基础上,全面分析了美国次贷危机对美国经济、欧盟经济和日本经济的影响,并重点分析了美国次贷危机对中国的金融业、对外贸经济和房地产行业的影响。最后,在总结了世界发达经济体应对美国次贷危机的政策措施和效果的基础上,提出了中国应对美国次贷危机的对策建议。
In April 2007, the American new century financial applied for bankruptcy and indicates the American sub-prime crisis was erupted. In the past two years the sub-prime crisis more and more intensity from a single country, single market, single business, financial events were promptly to the global financial markets, the economy entity, educed financial unrest and the global economy has been impact. China was the largest developing country in the world, as the economic and financial globalization the economic system, more and more important, and in a large background the sub-prime crisis erupt led to the global recession, China's economic development can not be immune. Therefore, to the depth discuss by the meaning of the American sub-prime crisis, produce the background, mechanism, process, and the reason for the outbreak, to completed analysis the impact of the sub-prime crisis on the global economic , investigation the world's major developed economies cope with the sub-prime crisis, policy measures and effects, accurate grasp and coping to the sub-prime crisis has brought new challenges, holding the new opportunities in the sub-prime crisis and to accelerate China's economic development has a positive theoretical and practical significance, at the same time it can help us to sum up experience and lessons learn and improve China's financial system, to avoid financial risks, the Chinese economy to be more stable operation.
This paper in deep discuss the American sub-prime crisis erupt the top layer and deep layer causes of the basement, completed analysis the impact of the sub-prime crisis on the American economy, the European Union economy and the Japanese economy, to point of analysis the sub-prime crisis financial industry in China , the economy on foreign trade and real estate business. Finally, in sum up the world developing economies cope with the sub-prime crisis and the effects of policy measures proposed on the basis of China's response to the sub-prime crisis countermeasure and proposal.
In this paper, the American sub-prime crisis in the meaning and cause of the outbreak of the study start, first it was described in sub-prime crisis in background, mechanism and process, followed by focus analysis of the sub-prime crisis caused by the rapid development and the causes and underlying causes of the surface. This paper believe that the sub-prime crisis, the surface is due to the housing market downturn, buyers financing difficulties, the government has been raising interest rates, the repayment burden on home buyers, mortgage risk led to the proliferation of financial innovations and lending institutions to reduce loan terms blind and other causes; but the underlying reason is that the real economy and the long-term imbalanced in the financial sector and ultimately associated with the mortgage crisis in the form of the financial sector exploded, its essence released into the asset price bubble burst in a serious crisis in the financial sector .
The American sub-prime crisis broke out, not only for the American housing market and significant impact on financial market, but also on the American real economy and the global financial system challenges, and bring disaster to the global economy, the world economy will in several years the development prospects of the formation of far-reaching impact. The main behavior impact of the American economy is that, first; he American financial market was serious frustration. Second, negative growth of industrial production is now repeated, corporate profits and taxes volatile. Third, service sector contracted for the first time in nearly five years. Forth, consumer credit crunch turn into contraction.
The American sub-prime mortgage crisis has been e full impact of the EU economy, first, resulting in the EU economy into a recession; Second, the EU appears the credit crunch; third, the EU economy of internal contradiction. At the same time, because the Japanese economy is heavily dependent on overseas markets, in the global economic slowdown, especially the United States subprime mortgage crisis occurred against the backdrop of Japan's economy has suffered a huge influence, as follow: first, Japan's stock market slump; second, substantial decline in exports; third, the real estate market suffered a serious setback.
China accession to the WTO, China was opening up the increase in the proportion of the American exports continue to increase, In addition, as China's capital market is large in scale, form, and so many reasons, resulting in the extent of China was integration into economic globalization, more and more deep economic ties grow closer. The American sub-prime crisis on China’s influence include in the financial sector, resulting in China’s financial institutions to hold the American bonds fell sharply, the state foreign currency reserve assets of security is threatened, the passive appreciation of yuan, the macro-control more difficult, the stock market and capital market increasing risk; in the field of foreign trade led to China’s foreign trade increased bad debt losses, export growth slowed down; in real estate led to China’s real estate market downturn, fall in real estate investment power.
This paper from financial assistance, expansionary fiscal and monetary policies, to implementation of a variety of industries, the promotion of measures set out in the development economics, the international response to the sub-prime crisis response, and to evaluate its effect. Finally, from the finance, foreign trade and the promotion of domestic demand, proposed by China's response to the sub-prime crisis countermeasures and proposals. First of all, the financial sector to take up with a budding monetary policy, formulate a scientific and prudent monetary policy and strengthen the yuan's international status; banks to improve risk prevention awareness, the purposes of diversification of bank credit assets structure; financial supervisory departments should improve their own institutions construction, strengthen the international financial regulatory strength. Second, foreign trade and improve the foreign investment to establish the risk of early warning, risk monitoring and risk prevention mechanism, from the expansion of export markets, the adjustment of product structure, strengthen trade in services, to adjust the production in various area such as transaction costs, the promotion of exports. Finally, we should close to monitor the international and domestic economic situation, expanding domestic demands as means to promote economic growth, good macro-control, and good long-term strategic asset allocation, based on the economic long-term, stable development. Only in this way China has in crisis be invincible.
本文在深入探讨了美国次贷危机爆发的深层原因和表层原因的基础上,全面分析了美国次贷危机对美国经济、欧盟经济和日本经济的影响,并重点分析了美国次贷危机对中国的金融业、对外贸经济和房地产行业的影响。最后,在总结了世界发达经济体应对美国次贷危机的政策措施和效果的基础上,提出了中国应对美国次贷危机的对策建议。
In April 2007, the American new century financial applied for bankruptcy and indicates the American sub-prime crisis was erupted. In the past two years the sub-prime crisis more and more intensity from a single country, single market, single business, financial events were promptly to the global financial markets, the economy entity, educed financial unrest and the global economy has been impact. China was the largest developing country in the world, as the economic and financial globalization the economic system, more and more important, and in a large background the sub-prime crisis erupt led to the global recession, China's economic development can not be immune. Therefore, to the depth discuss by the meaning of the American sub-prime crisis, produce the background, mechanism, process, and the reason for the outbreak, to completed analysis the impact of the sub-prime crisis on the global economic , investigation the world's major developed economies cope with the sub-prime crisis, policy measures and effects, accurate grasp and coping to the sub-prime crisis has brought new challenges, holding the new opportunities in the sub-prime crisis and to accelerate China's economic development has a positive theoretical and practical significance, at the same time it can help us to sum up experience and lessons learn and improve China's financial system, to avoid financial risks, the Chinese economy to be more stable operation.
This paper in deep discuss the American sub-prime crisis erupt the top layer and deep layer causes of the basement, completed analysis the impact of the sub-prime crisis on the American economy, the European Union economy and the Japanese economy, to point of analysis the sub-prime crisis financial industry in China , the economy on foreign trade and real estate business. Finally, in sum up the world developing economies cope with the sub-prime crisis and the effects of policy measures proposed on the basis of China's response to the sub-prime crisis countermeasure and proposal.
In this paper, the American sub-prime crisis in the meaning and cause of the outbreak of the study start, first it was described in sub-prime crisis in background, mechanism and process, followed by focus analysis of the sub-prime crisis caused by the rapid development and the causes and underlying causes of the surface. This paper believe that the sub-prime crisis, the surface is due to the housing market downturn, buyers financing difficulties, the government has been raising interest rates, the repayment burden on home buyers, mortgage risk led to the proliferation of financial innovations and lending institutions to reduce loan terms blind and other causes; but the underlying reason is that the real economy and the long-term imbalanced in the financial sector and ultimately associated with the mortgage crisis in the form of the financial sector exploded, its essence released into the asset price bubble burst in a serious crisis in the financial sector .
The American sub-prime crisis broke out, not only for the American housing market and significant impact on financial market, but also on the American real economy and the global financial system challenges, and bring disaster to the global economy, the world economy will in several years the development prospects of the formation of far-reaching impact. The main behavior impact of the American economy is that, first; he American financial market was serious frustration. Second, negative growth of industrial production is now repeated, corporate profits and taxes volatile. Third, service sector contracted for the first time in nearly five years. Forth, consumer credit crunch turn into contraction.
The American sub-prime mortgage crisis has been e full impact of the EU economy, first, resulting in the EU economy into a recession; Second, the EU appears the credit crunch; third, the EU economy of internal contradiction. At the same time, because the Japanese economy is heavily dependent on overseas markets, in the global economic slowdown, especially the United States subprime mortgage crisis occurred against the backdrop of Japan's economy has suffered a huge influence, as follow: first, Japan's stock market slump; second, substantial decline in exports; third, the real estate market suffered a serious setback.
China accession to the WTO, China was opening up the increase in the proportion of the American exports continue to increase, In addition, as China's capital market is large in scale, form, and so many reasons, resulting in the extent of China was integration into economic globalization, more and more deep economic ties grow closer. The American sub-prime crisis on China’s influence include in the financial sector, resulting in China’s financial institutions to hold the American bonds fell sharply, the state foreign currency reserve assets of security is threatened, the passive appreciation of yuan, the macro-control more difficult, the stock market and capital market increasing risk; in the field of foreign trade led to China’s foreign trade increased bad debt losses, export growth slowed down; in real estate led to China’s real estate market downturn, fall in real estate investment power.
This paper from financial assistance, expansionary fiscal and monetary policies, to implementation of a variety of industries, the promotion of measures set out in the development economics, the international response to the sub-prime crisis response, and to evaluate its effect. Finally, from the finance, foreign trade and the promotion of domestic demand, proposed by China's response to the sub-prime crisis countermeasures and proposals. First of all, the financial sector to take up with a budding monetary policy, formulate a scientific and prudent monetary policy and strengthen the yuan's international status; banks to improve risk prevention awareness, the purposes of diversification of bank credit assets structure; financial supervisory departments should improve their own institutions construction, strengthen the international financial regulatory strength. Second, foreign trade and improve the foreign investment to establish the risk of early warning, risk monitoring and risk prevention mechanism, from the expansion of export markets, the adjustment of product structure, strengthen trade in services, to adjust the production in various area such as transaction costs, the promotion of exports. Finally, we should close to monitor the international and domestic economic situation, expanding domestic demands as means to promote economic growth, good macro-control, and good long-term strategic asset allocation, based on the economic long-term, stable development. Only in this way China has in crisis be invincible.
引文
[1]陈雨露,庞红,薄延杰.美国次贷危机对全球经济的影响[J].中国金融,2008(7),67-69.
[2]韩钰芳.美国次贷危机爆发原因研究综述[J/OL].经济贸易2009(10).http://ligkdcgzk.blog.163.com/blog/static/504091782009961101317/.
[3]林启光.美国次贷危机对中国经济的影响及思考[J].山西财经大学学报(高等教育版)2008(4),6-7.
[4]资料来源:中央电视台CCTV2,经济观察.2008-09-25.
[5]陈旭,吴钒.关于次贷危机对中国经济影响的思考[J].时代经贸(中旬刊),2008(4),9-12.
[6]郝大明.2005至2008.64793亿美元热钱流入中国[J].资本市场,2008(8),9-12.
[7]朱丽萍.论次贷危机对全球经济的影响[J].热点透视,2009(3),28-31.
[8]侯彩侠.次贷危机的概念与成因分析[J].中国科技术语,2008(5),47-49.
[9]数据来源:王永利.准确把握危机影响趋利避害科学发展[J].国际金融研究,2009(2),52-56.
[10]数据来源:美联储统计公布数据.
[11]同上.
[12]同上.
[13]周晓皎.美国的次贷危机对我国经济的冲击及启示[J].北方经济,2009(1),43-45.
[14]刘洪亮,徐鹏杰.次贷危机之于中国:成因、影响及启示[J].商业经济,2009(4),25-27.
[15]周雪平.从商业银行经营管理视角看次贷危机的启示[J].金融管理与研究,2008(6),15-16.
[16]李海英.从美国次贷危机看中国企业的出口风险[J].中国高新技术企业,2008(8),20-21.
[17]顾列铭.次贷危机扩大中国外贸坏账[J].大经贸,2008(8),12-13.
[18]美国次贷危机:背景、原因与发展,中国社会科学院世界经济与政治研究所国际金融研究中心工作报告[R].余永定.No.0817.
[19]苏昊成.试析美国次贷危机的原因及启示[J].华商,2008(6),25-27.
[20]“美国次贷危机与中国”研讨会综述[C].国际经济评论,国际经济评论编辑部张明,2008.3.
[21]严丽丹.美国金融市场艰难重生[J].金融时报,2009(9),6-10.
[22]数据来源:美联储统计公布数据.
[23]同上.
[24]同上.
[25]李众敏.这是隧道的尽头吗?[J].中国经济,2009(3-4),26-27.
[26]数据来源:美联储统计公布数据.
[27]数据来源:钱小平.综述:欧洲应对金融危机的挑战[J].欧洲研究,2009(1),41-53.
[28]明陈华,赵琳.美国次贷危机对中国经济的影响[J].产权导刊.2008(8),30-31.
[29]于莹.次贷危机对中国资本市场的影响[J].中国金融. 2007(9),25-28.
[30]李叔昭.高新技术的发展促进美国十年繁荣[J].辽宁经济.2006(8),13-15.
[31]钱小平.综述:欧洲应对金融危机的挑战[J].欧洲研究,2009(1),41-53.
[32]同上.
[33]夏占友,张紀浔.全球金融海啸对日本经济的影响及对策[J].现代日本经济,2009(1),12-16.
[34]刘昌黎.金融危机对日本经济的冲击及其对策与前景[J].现代日本经济,2009(5),1-7.
[35]于青.日本房地产面临泡沫[N].人民日报,2008-08-24.
[36]张锐.次贷危机背景下日本经济的严峻挑战与政策应对[J].现代日本经济,2009(1),7-11.
[37]王洛林,宋泓,马涛.金融危机与中国对外贸易[J].国际经济评论,2009(7-8),42-45.
[38]俞乔.全球金融危机下的中国:短期难题与长期挑战[J].国际经济评论2009(5-6),33-35.
[39]资料来源:中央电视台CCTV2,经济半小时.2008-07-03.
[40]姜鸿.美国金融危机影响中国实体经济的传导机制与应对策略[J].经济社会体制比较(双月刊),2009(4),102-106.
[41]田春生.国际金融危机影响比较:中国与俄罗斯[J].经济社会体制比较,2009(3),39-43.
[42]同上.
[43]雷曜.次贷危机[M].北京:机械工业出版社,2008: 167-169.
[44]数据来源:中国统计内部信息网.www.10.6.28.54.
[45]姚枝仲.如何在出口下降时实现宏观稳定?[J].中国经济,2009(3-4),17-19.
[46]数据来源:美联储统计公布数据.
[47]数据来源:国家海关总署统计公布.
[48]同上.
[49]数据来源:中国统计内部信息网,www.10.6.28.54.
[50]同上.
[51]数据来源:王松奇.高广春.美国反危机政策评析[J].国际经济评论,2009(3-4),5-9.
[52]数据来源:何帆.世界主要发达经济体应对金融危机的措施及其效果评述[J].2009(4),82-87.
[53]数据来源:张锐.美国次贷危机背景下日本经济的严峻挑战与政策应对[J].现代日本经济,2009(1),7-11.
[54]数据来源:美联储统计公布数据.
[55]数据来源:何帆.世界主要发达经济体应对金融危机的措施及其效果评述[J].2009(4),82-87.
[56]王松奇.高广春.美国反危机政策评析[J].国际经济评论,2009(3-4),5-9.
[57]王永利.准确把握危机影响趋利避害科学发展[J].国际金融研究,2009(2),52-56.
[58]倪欣.美国次贷危机对中国银行业的启示分析[EB/OL].(2009-6-10) [2009-6-20].http://www.studa.net/jinrong/090617/09252127-2.html.
[59]陈亚雯.美国次贷危机对中国金融和出口企业的影响与政策建议[J].经济问题探索, 2008(8),22-24.
[60]王松奇.高广春.美国反危机政策评析[J].国际经济评论,2009(3-4),5-9.
[61]王永利.准确把握危机影响趋利避害科学发展[J].国际金融研究,2009(2),52-56.
[62]数据来源:中国统计内部信息网.www.10.6.28.54.
[1]辛乔利,孙兆东.次贷危机[M].北京:中国经济出版社,2008:100-103.
[2]姜建清.商业银行资产证券化—从货币市场走向资本市场[M].北京:中国金融出版社,2004.
[3]雷曜.次贷危机[M].北京:机械工业出版社,2008: 167-169.
[1]“美国次贷危机与中国”研讨会综述[C].国际经济评论,国际经济评论编辑部张明,2008.3.
[1]美国次贷危机:背景、原因与发展,中国社会科学院世界经济与政治研究所国际金融研究中心工作报告[R].余永定.No.0817.
[1]朱丽萍.论次贷危机对全球经济的影响[J].热点透视,2009(3),28-31.
[2]李叔昭.高新技术的发展促进美国十年繁荣[J].辽宁经济,2006(8),13-15.
[3]钱小平.综述:欧洲应对金融危机的挑战[J].欧洲研究,2009(1),41-53.
[4]赵胜来,陈俊芳.资产证券化原理、功能及模式研究[J].上海管理科学,2006(1),35-36.
[5]张雪春.透视美国次贷危机的传导与启示[J].经济与金融,2008(1),25-27.
[6]宋晓慧,陈德棉.美国次贷危机影响全球经济[J].国际市场,2008(7),10-12.
[7]陈旭,吴钒.关于次贷危机对中国经济影响的思考[J].时代经贸(中旬刊),2008(4),9-12.
[8]于凤芹.美国次贷危机对中国经济的影响[J].管理科学文摘,2008(1),25-27.
[9]赵玉珍.美国次贷危机对中国经济的影响[J].网络财富,2008(8),18-19.
[10]茹璧婷.美国次贷危机对中国经济的影响及对策[J].理论前沿,2008(8),7-10.
[11]蓝庆新.美国次贷危机对中国经济的影响及应对[J].中国国情国力,2008(4),27-29.
[12]明陈华,赵琳.美国次贷危机对中国经济的影响[J].产权导刊,2008(8),30-31.
[13]林启光.美国次贷危机对中国经济的影响及思[J].山西财经大学学报(高等教育版)2008(4),6-7.
[14]刘昌黎.金融危机对日本经济的冲击及其对策与前景[J].现代日本经济,2009(5),1-7.
[15]郝大明.2005至2008.64793亿美元热钱流入中国[J].资本市场,2008(8),9-12.
[16]于莹.次贷危机对中国资本市场的影响[J].中国金融,2007(9),25-28.
[17]周晓皎.美国的次贷危机对我国经济的冲击及启示[J].北方经济,2009(1),43-45.
[18]周雪平.从商业银行经营管理视角看次贷危机的启示[J].金融管理与研,2008(6),15-16.
[19]李海英.从美国次贷危机看中国企业的出口风险[J].中国高新技术企业,2008(8),20-21.
[20]顾列铭.次贷危机扩大中国外贸坏账[J].大经贸,2008(8),12-13.
[21]陈亚雯.美国次贷危机对中国金融和出口企业的影响与政策建议[J].经济问题探索, 2008(8),22-24.
[22]侯彩侠.次贷危机的概念与成因分析[J].中国科技术语,2008(5),47-49.
[23]严丽丹.美国金融市场艰难重生[J].金融时报,2009(9),6-10.
[24]王永利.准确把握危机影响趋利避害科学发展[J].国际金融研究,2009(2),52-56.
[25]苏昊成.试析美国次贷危机的原因及启示[J].华商,2008(4),25-27.
[26]陈雨露,庞红,薄延杰.美国次贷危机对全球经济的影响[J].中国金融,2008(7),67-69.
[27]王松奇,高广春.美国反危机政策评析[J].2009(3-4),5-9.
[28]田春生.国际金融危机影响比较:中国与俄罗斯[J].经济社会体制比较,2009(3),39-43.
[29]张锐.次贷危机背景下日本经济的严峻挑战与政策应对[J].现代日本经济,2009(1),7-11.
[30]何帆.世界主要发达经济体应对金融危机的措施及其效果评述[J].2009(4),82-87.
[31]俞乔.全球金融危机下的中国:短期难题与长期挑战[J].国际经济评论2009(5-6),33-35.
[32]王洛林,宋泓,马涛.金融危机与中国对外贸易[J].国际经济评论,2009(7-8),42-45.
[33]夏占友,张紀浔.全球金融海啸对日本经济的影响及对策[J].现代日本经济,2009(1),12-16.
[34]常青平.美国次贷危机对我国经济的影响及对策探讨[J].现代商贸工业,2009(7),96-97.
[35]刘洪亮,徐鹏杰.次贷危机之于中国:成因、影响及启示[J].商业经济,2009(4),25-27.
[36]李众敏.这是隧道的尽头吗?[J].中国经济,2009(3-4),26-27.
[37]姜鸿.美国金融危机影响中国实体经济的传导机制与应对策略[J].经济社会体制比较(双月刊),2009(4),102-106.
[38]姚枝仲.如何在出口下降时实现宏观稳定?[J].中国经济,2009(3-4),17-19.
[1]格林斯潘.对自由市场的缺陷感到“震惊”[N].美国:国际先驱论坛报,2008-10-23 (2).
[2]金融危机动摇中国经济[N].日本:东京新闻,2008-10-21 (3).
[3]于青.日本房地产面临泡沫[N].人民日报,2008-08-24 (5).
[1]连平,欧阳洁.专家解读:中国应警惕次贷间接影响[EB/OL]. (2008-9-24) [2009-3-15] .httP://finance.peoPle.com ellZGB/43429/68069/8094644.html.
[2]倪欣.美国次贷危机对中国银行业的启示分析[EB/OL].(2009-6-10) [2009-6-20].http://www.studa.net/jinrong/090617/09252127-2.html.
[3]韩钰芳.美国次贷危机爆发原因研究综述[J/OL].经济贸易2009(10):[2009-8-12]http://ligkdcgzk.blog.163.com/blog/static/504091782009961101317/.
[2]韩钰芳.美国次贷危机爆发原因研究综述[J/OL].经济贸易2009(10).http://ligkdcgzk.blog.163.com/blog/static/504091782009961101317/.
[3]林启光.美国次贷危机对中国经济的影响及思考[J].山西财经大学学报(高等教育版)2008(4),6-7.
[4]资料来源:中央电视台CCTV2,经济观察.2008-09-25.
[5]陈旭,吴钒.关于次贷危机对中国经济影响的思考[J].时代经贸(中旬刊),2008(4),9-12.
[6]郝大明.2005至2008.64793亿美元热钱流入中国[J].资本市场,2008(8),9-12.
[7]朱丽萍.论次贷危机对全球经济的影响[J].热点透视,2009(3),28-31.
[8]侯彩侠.次贷危机的概念与成因分析[J].中国科技术语,2008(5),47-49.
[9]数据来源:王永利.准确把握危机影响趋利避害科学发展[J].国际金融研究,2009(2),52-56.
[10]数据来源:美联储统计公布数据.
[11]同上.
[12]同上.
[13]周晓皎.美国的次贷危机对我国经济的冲击及启示[J].北方经济,2009(1),43-45.
[14]刘洪亮,徐鹏杰.次贷危机之于中国:成因、影响及启示[J].商业经济,2009(4),25-27.
[15]周雪平.从商业银行经营管理视角看次贷危机的启示[J].金融管理与研究,2008(6),15-16.
[16]李海英.从美国次贷危机看中国企业的出口风险[J].中国高新技术企业,2008(8),20-21.
[17]顾列铭.次贷危机扩大中国外贸坏账[J].大经贸,2008(8),12-13.
[18]美国次贷危机:背景、原因与发展,中国社会科学院世界经济与政治研究所国际金融研究中心工作报告[R].余永定.No.0817.
[19]苏昊成.试析美国次贷危机的原因及启示[J].华商,2008(6),25-27.
[20]“美国次贷危机与中国”研讨会综述[C].国际经济评论,国际经济评论编辑部张明,2008.3.
[21]严丽丹.美国金融市场艰难重生[J].金融时报,2009(9),6-10.
[22]数据来源:美联储统计公布数据.
[23]同上.
[24]同上.
[25]李众敏.这是隧道的尽头吗?[J].中国经济,2009(3-4),26-27.
[26]数据来源:美联储统计公布数据.
[27]数据来源:钱小平.综述:欧洲应对金融危机的挑战[J].欧洲研究,2009(1),41-53.
[28]明陈华,赵琳.美国次贷危机对中国经济的影响[J].产权导刊.2008(8),30-31.
[29]于莹.次贷危机对中国资本市场的影响[J].中国金融. 2007(9),25-28.
[30]李叔昭.高新技术的发展促进美国十年繁荣[J].辽宁经济.2006(8),13-15.
[31]钱小平.综述:欧洲应对金融危机的挑战[J].欧洲研究,2009(1),41-53.
[32]同上.
[33]夏占友,张紀浔.全球金融海啸对日本经济的影响及对策[J].现代日本经济,2009(1),12-16.
[34]刘昌黎.金融危机对日本经济的冲击及其对策与前景[J].现代日本经济,2009(5),1-7.
[35]于青.日本房地产面临泡沫[N].人民日报,2008-08-24.
[36]张锐.次贷危机背景下日本经济的严峻挑战与政策应对[J].现代日本经济,2009(1),7-11.
[37]王洛林,宋泓,马涛.金融危机与中国对外贸易[J].国际经济评论,2009(7-8),42-45.
[38]俞乔.全球金融危机下的中国:短期难题与长期挑战[J].国际经济评论2009(5-6),33-35.
[39]资料来源:中央电视台CCTV2,经济半小时.2008-07-03.
[40]姜鸿.美国金融危机影响中国实体经济的传导机制与应对策略[J].经济社会体制比较(双月刊),2009(4),102-106.
[41]田春生.国际金融危机影响比较:中国与俄罗斯[J].经济社会体制比较,2009(3),39-43.
[42]同上.
[43]雷曜.次贷危机[M].北京:机械工业出版社,2008: 167-169.
[44]数据来源:中国统计内部信息网.www.10.6.28.54.
[45]姚枝仲.如何在出口下降时实现宏观稳定?[J].中国经济,2009(3-4),17-19.
[46]数据来源:美联储统计公布数据.
[47]数据来源:国家海关总署统计公布.
[48]同上.
[49]数据来源:中国统计内部信息网,www.10.6.28.54.
[50]同上.
[51]数据来源:王松奇.高广春.美国反危机政策评析[J].国际经济评论,2009(3-4),5-9.
[52]数据来源:何帆.世界主要发达经济体应对金融危机的措施及其效果评述[J].2009(4),82-87.
[53]数据来源:张锐.美国次贷危机背景下日本经济的严峻挑战与政策应对[J].现代日本经济,2009(1),7-11.
[54]数据来源:美联储统计公布数据.
[55]数据来源:何帆.世界主要发达经济体应对金融危机的措施及其效果评述[J].2009(4),82-87.
[56]王松奇.高广春.美国反危机政策评析[J].国际经济评论,2009(3-4),5-9.
[57]王永利.准确把握危机影响趋利避害科学发展[J].国际金融研究,2009(2),52-56.
[58]倪欣.美国次贷危机对中国银行业的启示分析[EB/OL].(2009-6-10) [2009-6-20].http://www.studa.net/jinrong/090617/09252127-2.html.
[59]陈亚雯.美国次贷危机对中国金融和出口企业的影响与政策建议[J].经济问题探索, 2008(8),22-24.
[60]王松奇.高广春.美国反危机政策评析[J].国际经济评论,2009(3-4),5-9.
[61]王永利.准确把握危机影响趋利避害科学发展[J].国际金融研究,2009(2),52-56.
[62]数据来源:中国统计内部信息网.www.10.6.28.54.
[1]辛乔利,孙兆东.次贷危机[M].北京:中国经济出版社,2008:100-103.
[2]姜建清.商业银行资产证券化—从货币市场走向资本市场[M].北京:中国金融出版社,2004.
[3]雷曜.次贷危机[M].北京:机械工业出版社,2008: 167-169.
[1]“美国次贷危机与中国”研讨会综述[C].国际经济评论,国际经济评论编辑部张明,2008.3.
[1]美国次贷危机:背景、原因与发展,中国社会科学院世界经济与政治研究所国际金融研究中心工作报告[R].余永定.No.0817.
[1]朱丽萍.论次贷危机对全球经济的影响[J].热点透视,2009(3),28-31.
[2]李叔昭.高新技术的发展促进美国十年繁荣[J].辽宁经济,2006(8),13-15.
[3]钱小平.综述:欧洲应对金融危机的挑战[J].欧洲研究,2009(1),41-53.
[4]赵胜来,陈俊芳.资产证券化原理、功能及模式研究[J].上海管理科学,2006(1),35-36.
[5]张雪春.透视美国次贷危机的传导与启示[J].经济与金融,2008(1),25-27.
[6]宋晓慧,陈德棉.美国次贷危机影响全球经济[J].国际市场,2008(7),10-12.
[7]陈旭,吴钒.关于次贷危机对中国经济影响的思考[J].时代经贸(中旬刊),2008(4),9-12.
[8]于凤芹.美国次贷危机对中国经济的影响[J].管理科学文摘,2008(1),25-27.
[9]赵玉珍.美国次贷危机对中国经济的影响[J].网络财富,2008(8),18-19.
[10]茹璧婷.美国次贷危机对中国经济的影响及对策[J].理论前沿,2008(8),7-10.
[11]蓝庆新.美国次贷危机对中国经济的影响及应对[J].中国国情国力,2008(4),27-29.
[12]明陈华,赵琳.美国次贷危机对中国经济的影响[J].产权导刊,2008(8),30-31.
[13]林启光.美国次贷危机对中国经济的影响及思[J].山西财经大学学报(高等教育版)2008(4),6-7.
[14]刘昌黎.金融危机对日本经济的冲击及其对策与前景[J].现代日本经济,2009(5),1-7.
[15]郝大明.2005至2008.64793亿美元热钱流入中国[J].资本市场,2008(8),9-12.
[16]于莹.次贷危机对中国资本市场的影响[J].中国金融,2007(9),25-28.
[17]周晓皎.美国的次贷危机对我国经济的冲击及启示[J].北方经济,2009(1),43-45.
[18]周雪平.从商业银行经营管理视角看次贷危机的启示[J].金融管理与研,2008(6),15-16.
[19]李海英.从美国次贷危机看中国企业的出口风险[J].中国高新技术企业,2008(8),20-21.
[20]顾列铭.次贷危机扩大中国外贸坏账[J].大经贸,2008(8),12-13.
[21]陈亚雯.美国次贷危机对中国金融和出口企业的影响与政策建议[J].经济问题探索, 2008(8),22-24.
[22]侯彩侠.次贷危机的概念与成因分析[J].中国科技术语,2008(5),47-49.
[23]严丽丹.美国金融市场艰难重生[J].金融时报,2009(9),6-10.
[24]王永利.准确把握危机影响趋利避害科学发展[J].国际金融研究,2009(2),52-56.
[25]苏昊成.试析美国次贷危机的原因及启示[J].华商,2008(4),25-27.
[26]陈雨露,庞红,薄延杰.美国次贷危机对全球经济的影响[J].中国金融,2008(7),67-69.
[27]王松奇,高广春.美国反危机政策评析[J].2009(3-4),5-9.
[28]田春生.国际金融危机影响比较:中国与俄罗斯[J].经济社会体制比较,2009(3),39-43.
[29]张锐.次贷危机背景下日本经济的严峻挑战与政策应对[J].现代日本经济,2009(1),7-11.
[30]何帆.世界主要发达经济体应对金融危机的措施及其效果评述[J].2009(4),82-87.
[31]俞乔.全球金融危机下的中国:短期难题与长期挑战[J].国际经济评论2009(5-6),33-35.
[32]王洛林,宋泓,马涛.金融危机与中国对外贸易[J].国际经济评论,2009(7-8),42-45.
[33]夏占友,张紀浔.全球金融海啸对日本经济的影响及对策[J].现代日本经济,2009(1),12-16.
[34]常青平.美国次贷危机对我国经济的影响及对策探讨[J].现代商贸工业,2009(7),96-97.
[35]刘洪亮,徐鹏杰.次贷危机之于中国:成因、影响及启示[J].商业经济,2009(4),25-27.
[36]李众敏.这是隧道的尽头吗?[J].中国经济,2009(3-4),26-27.
[37]姜鸿.美国金融危机影响中国实体经济的传导机制与应对策略[J].经济社会体制比较(双月刊),2009(4),102-106.
[38]姚枝仲.如何在出口下降时实现宏观稳定?[J].中国经济,2009(3-4),17-19.
[1]格林斯潘.对自由市场的缺陷感到“震惊”[N].美国:国际先驱论坛报,2008-10-23 (2).
[2]金融危机动摇中国经济[N].日本:东京新闻,2008-10-21 (3).
[3]于青.日本房地产面临泡沫[N].人民日报,2008-08-24 (5).
[1]连平,欧阳洁.专家解读:中国应警惕次贷间接影响[EB/OL]. (2008-9-24) [2009-3-15] .httP://finance.peoPle.com ellZGB/43429/68069/8094644.html.
[2]倪欣.美国次贷危机对中国银行业的启示分析[EB/OL].(2009-6-10) [2009-6-20].http://www.studa.net/jinrong/090617/09252127-2.html.
[3]韩钰芳.美国次贷危机爆发原因研究综述[J/OL].经济贸易2009(10):[2009-8-12]http://ligkdcgzk.blog.163.com/blog/static/504091782009961101317/.