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《Shanghai Finance》 2008-10
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Secure Financial Safety in Financial Innovation——Lesson from Sub-prime Loan Crisis in U.S.

He Dexu/Fan Li  
Financial innovation is closely related to financial safety.In rearranging all financial factors and resources,financial innovation helps build stable financial system and secure financial safety,but it would also bring along financial vulnerability and contagious crisis,spread systematic risks,and threaten financial safety.As proven in our empirical research,financial innovation plays a crucial role in the burst out of sub-prime crisis and its escalation.From financial innovation to financial risks,to financial regulation,and then to financial re-innovation,it is a dynamic developing progress.Under strict financial regulation,financial innovation could still be the important approach to avoid financial risks and secure financial safety.
【CateGory Index】: F837.12
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