后危机时代中国经济增长方式转型.ppt

后危机时代的中国经济增长方式转型 Contents 次级贷概述 后危机时代中国的经济增长方式转型 次级贷概述 The financial market crisis that erupted in August 2007 has developed into the largest financial shock since the Great Depression, inflicting heavy damage on markets and institutions at the core of the financial system. International Monetary Fund, World Economic Outlook, April 2008 Subprime Crises Economic environment since 2000: - Low inflation, low interest rates, low volatility, low… - Spurred increases in mortgage financing and substantial increase in house prices - Investors looked for instruments that offer yield enhancement - Ban