美国次贷危机的成因及其对国际金融秩序的影响

Origin of the US Subprime Mortgage Crisis and Its Influence on International Financial Order

美国次贷危机起源于房地产泡沫的破裂,金融创新形成的多重利益链条使次贷危机深化,金融全球化则是次贷危机国际传导的背景条件。次贷危机引发的全球金融动荡动摇了美国的金融霸权,国际金融力量对比正在发生深刻的变化,全球金融版图面临重绘的可能。对于中国而言,次贷危机为中国进一步融入国际金融体系提供了机遇,也带来了挑战。

The US subprime mortgage crisis originated from burst of real estate foam. The multiple interest chain resulting from financial initiation deepens the subprime mortgage crisis. Financial globalization consists of the background of the crisis＇s international conduction. The global financial turbulence arising from the crisis has overthrown US financial hegemony, and balance of international financial power has been changed, so the global fmancial map will be redrawn. But subprime mortgage crisis creates historical opportunity for China to embed in international financial system.