【title】Financial Tsunami: An Analysis of Its Spreading Routes and Options of Countermeasures
【author】CAO Long-qi（The Research Center of Chinese Special Economic Zones; Shenzhen Univ.; Shenzhen 518060）;
【Author Affiliations】 China Center for Special Economic Zone Research
【source】 Shenzhen University Journal(Humanities & Social Sciences),2009(01)
【key words】subprime mortgage crisis; financial tsunami; dollar depreciation; internationalization of RMB;
【abstract】Subprime mortgage crisis is escalating.The global financial market is in great turmoil.Many people are bogged down with confusion and horror.By examining the process in which this crisis evolves,we observe that the starting and spreading of the crisis basically owes to the incompleteness and distortion of the market economy system against the backdrop of uneven development of global economy;the objective and the practice of pursuing maximal profits and minimal risks against the backdrop of America’s privile...
