资源描述：
《浅析次贷危机对中国出口制造业的影响（the impact of subprime mortgage crisis on china's export manufacturing industry）》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、浅析次贷危机对中国出口制造业的影响（TheimpactofsubprimemortgagecrisisonChina'sexportmanufacturingindustry）TheimpactofsubprimemortgagecrisisonChina'sexportmanufacturingindustryAbstract:thesubprimemortgagecrisisintheUnitedStates,theglobalfinancialmarketturmoilintensified,whileenjoyingthebenefitsofglobalization,
2、China'seconomyisincreasinglydeeplyfelttheimpactofeconomicglobalization.Chinaisinacrucialperiodofreformanddevelopment,andfortheChinaexportmanufacturingindustryin"aneventfulyear"isundoubtedlyachallenge.ThispaperanalyzesthecrisisandchallengefacedbyChina'sexportmanufacturingindustryfromtheimpact
3、oftheU.S.subprimemortgagecrisisonChina'sexportmanufacturingindustryandtheauthor'ssuggestions.[Keywords]subprimemortgagecrisis;China'sexportmanufacturingindustry;influence;policyrecommendationsOne,introductionThesubprimemortgagecrisis,whichstartedinthesecondhalfof2006,suddenlyformedastormswee
4、pingthroughtheglobalfinancialmarketafterenteringtheAugust2007.Somefinancialinstitutions,suchashedgefunds,investmentbanksandcommercialbanks,areonthevergeofdissolution.Somewarnofprofitsandsomedeclaretoraisetheriskprovision.InthetwodaysofAugust9,2007andAugust10th,centralbanks,suchastheFederalRe
5、serve,theEuropeanCentralBankandtheJapanesecentralbank,pouredmorethan$300billionintothemarket.Facingthefinancialsystemcontinuestoworsenthesituation,theFedhasthree"unconventional"shot,ontheonehandtorecapitalisebankingsystems,throughregularweeklyauctionmarketto$200billion,whileincreasingthescal
6、eoftheEuropeanCentralBankandcurrencyswapandtheSwisscentralbank.Ontheonehand,tohelpthemostcriticalfinancialinstitutionsoutoftrouble,forexample,toprovideBellStenwithaperiodof28dayssecuredfinancing.Inordertoincreasemarketliquidity,thediscountratewasreducedfrom315%to3125%.Atthesametime,theauthor
7、itieshavealsoauthorizedtheNewYorkFederalReservetocreateanewdiscountwindowfinancingtoolfortheprimarydealers.TheFedsaidthattheaimofthesemeasureswastosupportmarketliquidityandpromoteorderlyoperationofthemarket.TheturmoilintheUSfinancialmarkethascaused
