基于金融产品创新视角对次贷危机的宏微观透视

A Macroscopic and Microscopic Probe into Sub-prime Mortgage Crisis from the Perspective of Financial Product's Innovation

金融产品是金融业的细胞,细胞层次发生病变犹如人罹患癌症,必定会危及整体。本文研究了次级抵押贷款、基于次贷的金融创新衍生产品链条,透视了金融产品创新(金融衍生产品)的原理,提出次贷危机发生的根本原因在于金融产品的过度创新、缺乏对金融创新的监管。

Financial product is the cell of finance industry. The defect of the financial products has not only caused acute turbulence and panic in the global financial market, but also seen the seriousness of sub-prime mortgage crisis which is beyond people＇s thought. In this paper, the author observes sub-prime mortgage product and concludes the chain of financial product＇s alienation and probes the principle of financial product＇s innovation.This standpoint helps us to discover the true features and trends of the crisis. Accordingly, the business patter and products problems need to be solved properly.