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

為敵

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

ungainly

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corporate

致敬

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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