International Financial Crisis Forming Mechanism and China Preventive Measures
|School||Northeast Normal University|
|Keywords||International financial crisis Forming mechanism early-warning indicators|
The history of human social economic development records many financial crises,but mankind has never been so frequent to them as today.So soon after European Monetary System Crisis in 1992,Mexican Financial Crises followed in 1994.Numerous Asian countries have been affected by the outbreak of“Asian Financial Flu”in 1997. In 2008 the U.S. subprime mortgage crisis sweeping the world again. As the largest developing country, fortunately, China avoided the Asian financial crisis and the U.S. subprime mortgage crisis, after the direct impact of the next financial crisis broke out in China will not? Most emerging market countries have experienced the test of the financial crisis, China’s economic development will be smooth sailing it?The dissertation reviews since 1990s several international financial crisis, And combed the related theory of international financial crisis. Summarizing some of the existing research results, the dissertation extract some of the more effective the international financial crisis early-warning indicators,and Using these indicators to construct a effective financial crisis warning framework for China. The dissedation consists of five chapters.Chapter 1 is the starting point of the research, this dissedation introduces the concept of international financial crisis and manifestation, review and summarize the since 1990s several international financial crisis. Chapter 2 studied international financial crisis formation mechanism, analyzes the three generations of the birth of nearly 20 years of financial crises model, this dissedation summarizes the research achievements of scholars both at home and abroad. In chapter 3, on the basis of the first two chapters, and find out the financial crisis early-warning indicators, and has suffered financial crises tests the early-warning indicators. The dissedation in chapter 4 establishes a suitable for China and effectively financial crisis warning system, using the real data analyses the inspection. Through the last chapter of empirical research, the paper in the fifth chapter gives the crime prevention and control measures to reduce or eliminate the financial crisis in advance of the countermeasures, which construct reasonable economic, trade, finance and financial regulatory indicators.