The Subprime Crisis in the US:The Perspective of Financial Products Innovation
This paper analyzes the Subprime Crisis from the perspective of financial products innovation. Why can the Subprime Crisis incur global financial market turbulence? The reason roots in the over-issuance of high-risk subprime mortgage, as well as the flooding of ABS and credit derivatives based on the subprime mortgage in global financial market. The leverage effect amplifies the subprime mortgage risks in real economy.
【CateGory Index】： F837.12