【正文】
元,約為 1978年的 。后危機時代的中國經(jīng)濟 增長方式轉(zhuǎn)型 2 Contents 1. 次級貸概述 2. 后危機時代中國的經(jīng)濟增長方式轉(zhuǎn)型 3 次級貸概述 ? The financial market crisis that erupted in August 2021 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 Moary Fund, World Economic Outlook, April 2021 4 Subprime Crises ? Economic environment since 2021: ? 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 ? Banks have been adopting a new business model: “originate todistribute” 5 6 7 8 ? Major banks suffered from huge losses. ? Lehman Br