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Extending East Asian Financial Cooperation to Tackle the Global Financial Bubble

Li Fang  
The economy of global financial bubble has appeared at the turn of the century and has been developing rapidly. This paper analyses the forming conditions,general performances,basic features,main causes and aggravated tendency of global financial bubble first. And then,it studies the negative effect of financial bubble on East Asian economies in the long-run and the attack of that in the short-run as well as the serious situation caused by them. Finally,the paper puts forward that financial cooperation should be extended in East Asian economies to tackle the developemtn of global financial bubble.
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