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《Journal of Chongqing Industry & Trade Polytechnic》 2009-03
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Documental Research on the Reason of America Subprime Mortgage Crisis

Li Xiao-li (Chongqing Industry & Trade Polytechnic,Fuling,Chongqing,408000)  
After the burst of cyber-economy easier monetary policy makes liquidity become sufficient, and thus it contributed to the sustained prosperity of the American real estate market. The subprime mortgage which was designed by taking the borrower’s credit terms into consideration has great dependences towards liquidity. Its payment ensurance not based on the clients’ own repayment ability. Due to the rising delinquency rate,this deficiency makes it bred crisis under the situation of interest rates rise and the real estate market downturn. Changes from loose to tight monetary policy directly results in the subprime mortgage crisis. Because of the Wall Street and rating agencies’ greed and moral deficiency, it has a direct relationship towards the subprime mortgage crisis. And the main reason of the subprime mortgage crisis is moral deficiencies which is driven by benefits. Moreover, low saving rate and irrational overdraft consumption propel the subprime mortgage crisis.
【Fund】: 重庆市教委2009年度人文社会科《华尔街金融风暴与完善我国金融体系的研究》的研究成果之一。课题负责人:杨建平 项目组成员:李晓莉、张怀国、刘天泉、高淑桃、李政军项目编号:渝教宣[2009]9-09SKS14
【CateGory Index】: F837.12
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【Citations】
Chinese Journal Full-text Database 3 Hits
1 HUANG Ji-xian ZHANG Chao;Causes and Lessons of Sub-prime Mortgage Crisis in the United States with the Background of Excess Liquidity[J];Finance Forum;2008-06
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3 DENG Wei-hong(CunJin College of GuangDong,Oceans University,ZhanJiang 524037,China);On the Effects and Revelations on Our Country Caused by the Crisis of American Subprime Mortgage[J];Journal of Social Science of Jiamusi University;2008-03
【Co-citations】
Chinese Journal Full-text Database 10 Hits
1 CHEN Liu-qin (Urban Economy Research Institute of Tianjin Academy of Social Science,Tianjin 300191,China);Evaluations on American Financial Supervision System Reform from the Angle of Financial Crisis[J];Journal of Beihua University(Social Sciences);2009-04
2 LI Xiao-li (Architecture Department, Chongqing Industry & Trade Polytechnic, Peiling 408000, China);Subprime Crisis: Influence and Opportunities[J];Journal of Changchun Finance College;2009-03
3 GU Hua-xiang (College of Law and Economics,Xinjiang Normal University,Urumqi 830054,China);The Deep Level Structure Reason of the Financial Crisis in Theory and the Legal Countermeasures Perfection[J];Journal of Chongqing University(Social Science Edition);2009-04
4 LIU Xing-sai(School of Economics,Naikai University,Tianjin 300071,China);On the Evolution,Distortion and Collapse of Marginal Efficiency of Capital in Business Cycle:Political Economic Analyses about US Mortgage Crisis[J];Journal of Finance and Economics;2009-11
5 Li Xiao-li (Chongqing Industry & Trade Polytechnic,Fuling,Chongqing,408000 China);Well-intended Advice Given by a Professional in Subprime Mortgage Industry-Notes on "Greed,Fraud and Ignorance:the Truth of the United States Subprime Mortgage Crisis"[J];Journal of Chongqing Industry & Trade Polytechnic;2009-02
6 GU Hua-xiang,WANG Hong-quan (Xinjiang Normal University,Xinjiang 830054 China);The Root of the Recession from Legal Perspective and Implications[J];Journal of Chongqing University of Arts and Sciences(Social Sciences Edition);2010-03
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8 HU Ruo-chi,WEI Xing-hua(Beijing City University,Beijing 100083;Renmin University of China,Beijing 100872,China);An Analysis of the Roots and Enlightenment of the Present Financial Crisis: A Marxist Perspective[J];Contemporary Finance & Economics;2009-08
9 Yin Binghua(Legal Department,Shandong Police College,Jinan 250014,China);Analysis on the Defects of China's Financial Supervision and Direction Judgments:From the Perspective of Reflections on the Financial Crisis[J];Contemporary Economy & Management;2009-12
10 ZHENG Jian-ming PAN Hui-feng;Financial Crisis:Historical Rules,Recent Characteristics and Chinese Firms' Countermeasures[J];International Business;2010-05
【Secondary Citations】
Chinese Journal Full-text Database 4 Hits
1 ;The evolution logic and risk implication of sub-prime loan crisis[J];The Chinese Banker;2007-09
2 Sun Li Jian Peng Shutao;The Essence of Modern Financial Risks from the Viewpoint of Subprime Turmoil[J];World Economy Study;2007-10
3 He Dong;Monetary Policy after Financial Crisis:East Asia's Experience and Enlightenment[J];Journal of Financial Research;2007-05
4 SHEN Yue,ZHANG Zhen (College of Economics and Finance,Xi'an Jiaotong University,Xi'an 710061,China);Establishment Research on Precaution System of Chinese Financial Security[J];Journal of Shanxi Finance and Economics University;2007-10
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