Titlebook: Asia and the Subprime Crisis; Lifting the Veil on Chi Lo Book 2009 Chi Lo 2009 Asia.China.macroeconomics.banking

sterilization

,What Can We Learn from AIG’s Collapse?,g the insurance sector and considering the development of a credit derivatives market in the country. Regulatory loopholes allowed AIG to stray away from its core business; notably into the credit default swaps (CDS) business that triggered its failure. Assetliability mismatch in AIG’s securities le

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backdrop

痛苦一下

Life After Subprime,e, as debt unwinds across the developed world. There will be periodic goods price and asset price deflation, perpetuated by de-leveraging in the private and financial sectors. Consumption in the developed world will be especially feeble in the coming years. All this will put an end to the emerging m

Offset

China After Subprime,n. Hence, it has never developed a significant service industry or a financial system capable of channelling savings to consumption via a consumer finance framework. Domestic consumption deficiency has, in turn, pushed the bulk of the industrial capacity towards exports. Since the mid-1990s, when Ch

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Introduction,sclosed that its two subprime hedge funds had lost nearly all of their value amid a rapid decline in the market for subprime mortgages. The revelation set off the subprime crisis, which spread throughout the world in the following months.

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