Research and Analysis on Real Contagion Mechanism of Financial Crisis
The analysis of financial contagion is always an important problem in international finance field. Generally the crisis contagion has a feedback mechanism. In the context of financial globalization, world financial crisis has crosscontagion, and that is why the financial crisis is getting worse. Recently the financial crisis triggered by the U.S. subprime mortgage crisis, has been conducted from credit market to capital market, from financial market to real economy, and has caused great damage to the global economy. In order to explore and block the route for crisiss further spread in real economy, this paper applies systematic method to analyze the real contagion mechanism of financial crisis, and works out such influencing factors as competitive effect, income effect, effect of cheap imports and competitive devaluation effect, and concludes that real contagion is possible to be controlled.
financial crisis contagion effect real contagion mechanism
Xu Yanli LIU Dan
School of Management Harbin Normal University Harbin, P.R.China, 150025
国际会议
太原
英文
564-568
2010-10-22（万方平台首次上网日期，不代表论文的发表时间）