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Financial Innovation;A Double-Edged Sword?——Lessons from the Subprime Mortgage Crisis

Financial Innovation;A Double-Edged Sword?——Lessons from the Subprime Mortgage Crisis
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摘要 The U.S.suffers The United States is a nation famous for its power of innovation,universal- ly acknowledged as the major factor that makes the U.S.the worlds' economic and political superpower.Without it,the U.S. would not have reached the level of prosper- ity it has in the world.But today,things The U.S.suffers The United States is a nation famous for its power of innovation,universally acknowledged as the major factor that makes the U.S.the worlds' economic and political superpower.Without it,the U.S. would not have reached the level of prosperity it has in the world.But today,things are far from the optimistic picture than we once anticipated. Innovation sometimes turns into a monster, one which has struck again with the recent financial turmoil set off by the subprime mortgage crisis.
作者 Li Zhen
出处 《China's Foreign Trade》 2008年第11期54-55,共2页 中国对外贸易(英文版)
关键词 金融改革 抵押危机 经济发展 财政措施 美国 金融改革 经验教训 抵押危机 经济发展
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