The Root Analysis and the Impact on China of Sub-loan Crisis
From 2007, a subprime storm began to blows from the US, and sweep across the whole world with a rapid speed. It makes the world economic growth slow-down, even Iceland and a fraction of the world’s countries fall into bankrupt. Behind this, the dollar hegemony of which the United States has been pro...
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ftciteseerx:oai:CiteSeerX.psu:10.1.1.664.9803 2023-05-15T16:49:17+02:00 The Root Analysis and the Impact on China of Sub-loan Crisis Lei Zhang Yuanyuan Yu The Pennsylvania State University CiteSeerX Archives http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.664.9803 http://www.ccsenet.org/journal/index.php/ijbm/article/download/1216/1180/ en eng http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.664.9803 http://www.ccsenet.org/journal/index.php/ijbm/article/download/1216/1180/ Metadata may be used without restrictions as long as the oai identifier remains attached to it. http://www.ccsenet.org/journal/index.php/ijbm/article/download/1216/1180/ Sub-loan Crisis Dollar Hegemony Expand Domestic Demand text ftciteseerx 2016-01-08T17:03:20Z From 2007, a subprime storm began to blows from the US, and sweep across the whole world with a rapid speed. It makes the world economic growth slow-down, even Iceland and a fraction of the world’s countries fall into bankrupt. Behind this, the dollar hegemony of which the United States has been proud is exactly the main reason. Actually, the appreciation of RMB and the interest rates raised by the U.S. Federal Reserve have triggered the subprime mortgage crisis. Although the direct impact on China is not extremely great, the indirect influence can’t be underestimated. Face to the crisis, China should learn this lesson from it, control the real estate bubble, expand domestic demand and reduce the gap between rich and poor in order to realize the economy transformation. Text Iceland Unknown |
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English |
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Sub-loan Crisis Dollar Hegemony Expand Domestic Demand |
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Sub-loan Crisis Dollar Hegemony Expand Domestic Demand Lei Zhang Yuanyuan Yu The Root Analysis and the Impact on China of Sub-loan Crisis |
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Sub-loan Crisis Dollar Hegemony Expand Domestic Demand |
description |
From 2007, a subprime storm began to blows from the US, and sweep across the whole world with a rapid speed. It makes the world economic growth slow-down, even Iceland and a fraction of the world’s countries fall into bankrupt. Behind this, the dollar hegemony of which the United States has been proud is exactly the main reason. Actually, the appreciation of RMB and the interest rates raised by the U.S. Federal Reserve have triggered the subprime mortgage crisis. Although the direct impact on China is not extremely great, the indirect influence can’t be underestimated. Face to the crisis, China should learn this lesson from it, control the real estate bubble, expand domestic demand and reduce the gap between rich and poor in order to realize the economy transformation. |
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The Pennsylvania State University CiteSeerX Archives |
format |
Text |
author |
Lei Zhang Yuanyuan Yu |
author_facet |
Lei Zhang Yuanyuan Yu |
author_sort |
Lei Zhang |
title |
The Root Analysis and the Impact on China of Sub-loan Crisis |
title_short |
The Root Analysis and the Impact on China of Sub-loan Crisis |
title_full |
The Root Analysis and the Impact on China of Sub-loan Crisis |
title_fullStr |
The Root Analysis and the Impact on China of Sub-loan Crisis |
title_full_unstemmed |
The Root Analysis and the Impact on China of Sub-loan Crisis |
title_sort |
root analysis and the impact on china of sub-loan crisis |
url |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.664.9803 http://www.ccsenet.org/journal/index.php/ijbm/article/download/1216/1180/ |
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Iceland |
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Iceland |
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http://www.ccsenet.org/journal/index.php/ijbm/article/download/1216/1180/ |
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http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.664.9803 http://www.ccsenet.org/journal/index.php/ijbm/article/download/1216/1180/ |
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Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
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