In-depth Understandings on the U.S. Subprime Crisis
Huang Xiaojun Lu Xiaoming Wu Xiaohui
Since the explosion of the U.S. subprime crisis last year, we have been closely monitoring its developments. This report provides our in-depth understandings on this subprime crisis. In the first part of the report, we analyze the three main characteristics of the crisis. Then we discuss the estimated write-down figures for the global financial sectors. In the end, we examine the possible transmission mechanism of the subprime crisis and its potential impacts on the U.S. economy from both cyclical and structural points of view. The report concludes with the suggested lessons for the China's banking industry.
【CateGory Index】： F837.12