文献类型：会议论文

英文题名：United States Sub-prime Crisis: An analysis with the Theory of Financial Fragility

作者：Zheng Qinghuan[1];Zhou Jing

机构：[1]E China Univ Sci & Technol, Sch Econ & Management, Tongji Univ, Sch Business, Shanghai 200237, Peoples R China

会议论文集：Conference on Systems Science, Management Science and System Dynamics

会议日期：MAY 29-31, 2009

会议地点：Shanghai, PEOPLES R CHINA

语种：英文

外文关键词：Financial fragility; sub-prime mortgage; asset securitization

摘要：The United States sub-prime crisis is the financial crisis occurred under the "market-oriented" financial system, although the financial markets spread the risks of mortgage loans, but did not avoid the outbreak of the crisis fundamentally. This paper analyzes the causes and inevitability of the sub-prime crisis, as well as the great impact that the risk dispersion system which has been securitization market-oriented has made, then reveals the deep-seated reasons of the sub-prime crisis and the enlightenment to China.