Open AccessThe Global Sharing Practice and Mechanism of Subprime Mortgage Crisis
Author(s) -
Lei Guan,
Peng Wang
Publication year - 2012
Publication title -
accounting and finance research
Language(s) - English
Resource type - Journals
eISSN - 1927-5994
pISSN - 1927-5986
DOI - 10.5430/afr.v1n2p196
Subject(s) - subprime mortgage crisis , subprime crisis , financial crisis , mechanism (biology) , business , economics , financial system , keynesian economics , philosophy , epistemology
In this essay, the author describes the global sharing practice of the subprime mortgage crisis at the very beginning. Then, with the basis of the global sharing practice, the author mainly studies the global sharing mechanism of the subprime mortgage crisis in perspectives of global economic growth, international trade, and international inflation. At last, the author analyzes the strategic options for world leading powers responding to the subprime mortgage crisis from the angles of trade protection and financial protection.