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Anonymous users2024-02-08After 2010, it will depend on Obama's leadership.
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Anonymous users2024-02-07As early as April 2007, the bankruptcy of New Century Financial Corporation, the second-largest subprime mortgage company in the United States, exposed the risk of subprime mortgage bonds; Beginning in August 2007, the Fed reacted by injecting liquidity into the financial system to increase market confidence, and the United States** was able to maintain its high levels, which does not seem to be very bad. However, in August 2008, the two major U.S. mortgage giants, Fannie Mae and Freddie Mac, lost a lot of money in the stock prices of the two largest mortgage companies. The U.S. Treasury and the Federal Reserve were forced to take over the "two houses" in order to show their determination to deal with the crisis.
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Anonymous users2024-02-06It has brought new challenges to China's financial industry, and China's capital market has problems such as unbalanced innovation and difficult risk monitoring. The lag and imbalance in the construction of market infrastructure have highlighted market risks and restricted the further development of financial innovation. Therefore, while promoting financial innovation, it is necessary to pay attention to moderation.
The soundness of the market organization, system and mechanism, and the market development potential and the size of the space are commensurate. That is, the capacity that can be carried by the internal and external conditions and characteristics of the market and the compatibility of financial innovation are important factors that determine whether financial innovation can be carried out and whether it can promote the development of the market. Financial innovation with insufficient momentum or insufficient development will reduce the quality of market development and slow down the process of market development.
One of the reasons for the outbreak of the financial crisis in the United States was that its financial derivatives innovation was not monitored. As a financial innovation tool, financial derivatives do imply great risks while activating market transactions, expanding market space and improving market efficiency. For China, our financial innovation is not enough.
In developing the financial market, we must inevitably carry out financial innovation, which is not only an inherent requirement for the development of a country's financial market itself, but also an inevitable requirement for enhancing its international competitiveness. We should not give up financial innovation because the financial derivatives innovation in the United States is out of control, but we must properly handle the relationship between financial innovation and financial supervision.
A sound and perfect credit system is the foundation for the healthy development of the market, and whether the credit system is sound or not determines to a considerable extent the health and maturity of a country's financial market development. Compared with developed countries, the construction of the credit system in China's capital market is still in its infancy, and there are problems such as imperfect credit system, imstrict credit constraints, and underdeveloped credit system, which have become important factors affecting the healthy and stable development of the market. The outbreak of the financial crisis in the United States shows that both developed and mature markets and emerging and developing markets need to constantly improve and improve the credit system.
The establishment of the credit system is a long-term, continuous, and constantly improving process. We must not take the building of the credit system lightly or allow slackness to do so.
Strict and continuous market supervision is the guarantee for the healthy development of the market, and the supervision of the financial market in the United States adopts a separate supervision model in which the Federal Reserve is responsible for the overall safety of financial holding companies. While emphasizing horizontal comprehensive supervision and functional supervision, this model also produces many problems. For example, it is difficult to coordinate the different regulatory concepts, regulatory objectives and regulatory operations of different regulatory agencies, which is easy to form regulatory blind spots or weak regulatory areas; Relatively loose comprehensive supervision and multi-headed supervision are prone to disputes and prevarication between each other in the performance of regulatory duties, reducing regulatory efficiency.
As China deepens its openness, so does its participation in the world economy and globalization. Therefore, once the US economy falls into recession, the Chinese economy will also have an impact.
The whole process of the 2008 financial crisis: >>>More
The U.S. economy is currently in the midst of a full-blown financial crisis, which has led to many banks on the verge of collapse due to losses. The banking industry is generally more concerned with balancing its balance sheets, leading to a borrowing crunch or even a drying up of borrowing, the inevitable consequence of which is that the US economy falls into recession. Now that we are entering a recession, the United States** is taking steps to inject capital into the banks and hopefully develop effective policies to end the financial crisis. >>>More
First of all, this proposition is under-considered. The current financial crisis in the United States is not inflation or deflation, but the process of deflation and inflation included in this financial crisis. To put it simply, the people of the United States can't afford to repay the loans for some reasons (the reasons are very complicated, you can go to the subprime mortgage in detail, which is why this is called the subprime mortgage crisis), and then because various banks and other financial institutions have packaged and resold these loans, and then the real financial world has not been able to repay the money, and then there is a crisis of confidence, and everyone is afraid to lend money to others, so it is deflation! >>>More
The financial crisis in the United States was triggered by the subprime mortgage crisis, that is, the people had no money, but they wanted them to buy a house, so the bank lent them money, but in the end it could not be paid, and the result was that the economy went wrong. As for affecting the whole world, you have to think that the national debt of the United States is hundreds of billions better a year, and the expenditure of the United States is greater than its income, but what about this gap? If the people who owe money to others can't afford to pay back the economy, then the money lent to the United States by the countries of the world will be wasted, so the world's economy is closely linked, and the crisis in the United States has expanded to the whole world because of financial derivatives and other channels.