Alsotalkaboutthesubprimemortgagecrisisontheinternationaleconomy-毕业论文翻译

1、Also talk about the subprime mortgage crisis on the intern ati onal economyAbstractsubprimemortgagecrisis(subprimelendingcrisis) also known as the subprimemortgage crisis, from the Un ited States, is a ban kruptcy by the subprimemortgagelen ders. Lead to in vestme ntfunds closed, the stock market os

2、cillati ons,and the nevolved into a global financial crisis, crisis, gradually appear in spri ng 2006, and today with the ban kruptcy of BearStear ns,Lehma n Brothers, Merrill Lynch wasabsorbed by the subprime mortgage crisis from the in itial field, to the financialmarkets and the spread of U.S.eco

3、no mic fun dame ntals August .2007 swept the U.S., EU and Japan, the world s major financialmarkets, thesub-prime butterfly effect the whole world.Keywords sub-prime, subprime mortgage crisis, mortgage,finance, internationaleconomiccrisis,also known as sub-sub-prime mortgage crisis, which originated

4、 in the United States, is a bankrupt subprime mortgage len ders, i nvestme nt funds were forced to closestock market volatility caused by the storm. the sub-prime or sub-prime mortgageloans, the U.S. subprimemortgage market, with the housingmarket boom andthrive. the subprime mortgage market crisis

5、is the direct cause of risi ng U.S. i nterest rates and the hous ing market con ti nued to cool.1 causes of the subprime crisis in the U.S. subprime mortgage market crisis is the direct cause of rising U.S. in terest rates and hous ing market continued to cool in the Un ited States to apply for loa

6、ns of credit is a prerequisite for the credit based on the level of lending in stitutio ns to distinguishbetween borrowers , second is high , excellent correspondingmeans lower creditborrowers, creati ng two levels of the market. fail to apply for preferentialloan terms to borrowers, only in thesec

7、on dary market for loa ns because of subprime lending in terest rateshigher tha n lending rates,drive n by profit,lending in stituti ons lending does not require the borrower requireda down payment, do not carefully verify theborrower s in come, the sec on darymarket, if there areproblems quickly af

8、fect the mortgage market, and the n to spread the finan cial markets and econo mic fun dame ntals.2 sub-prime crisis on the intern ati onal economyThe Un ited States is the world s largest econo my, many coun tries are bound to have econo mic implicati ons. JP Morga n an alysts said the global credi

9、t crisis, is likely in the n ext 10 years con ti nued to in flue nee the market, but also because of the U.S. subprime mortgage loa n-to-peak is the seco nd half of 2008 to first half of 2009, so now, exposed by the subprime mortgage losses, but the world financial system, a small part of the overal

10、l losses, the sub-prime crisis has not bottomed out.2.1 sub-prime crisis has led to shri nking U.S. import trade sub-prime crisis led global crisis, one of the cha nn els of intern ati onal trade, the weak U.S. econo mic dow nturn and the market through intern ati onal trade cha nn els will affect t

11、he global economy.The United States is the world s most importa nt import market, the U.S. economy into recessi on will reduce U.S. dema nd for imports, which will lead to slowdow n in exports of other coun tries, thereby affect ing the GDP growth in these coun tries. To Chi na, for example, in 2007

12、, the U.S. and Europe weak import dema nd,China s monthly export growth rate from February 2007 to 51.6% to 21.7% in December the same time, due to Chi na s econo mic growth slows, dema nd for labor is less than the social labor supply, i ncreas ing social employme nt pressure.2.2 lead to the world

13、s major financial markets lackliquidity crisis is rooted in the global economiccrisis ofglobal capitalism,econo micexpa nsion caused byoverproducti on, and the madn ess of the virtual capital ofthe economic expansionis leadingto the current cycleturning pointappearsthe mainreas on the virtualeconomy

14、 fren zied expa nsion has led to a cyclical peak of the early prosperity of the arrival of the virtual economy capital chain rupture is the direct cause of the financial crisis.2.3 can easily lead to global economic worries-stagflationnow because of the aggregate supply curvemoves to bring inflation

15、 has become a global, including Asia n coun tries and regi ons in rece nt years, i nflatio n has reached the highest level.Cen tral Asia in 2007 in flati onhas bee n close to 9%, the level of in flati on in South Asia 6%, Southeast Asia is about 5% due to the sub-prime credit crunch crises, the Federal Reserve and European Cen tral Bank and other mon etary authorities followed the economic bubble burst and Response Network 9.11 after the res