碩士 / 元智大學 / 管理研究所 / 98 / This study investigated the U.S. detonated global subprime mortgage financial crisis in July 2007 which gave rise to the turbulence and anxiety in global stock and foreign exchange market, especially in September 2008.It was the time when Lehman Brothers declared bankruptcy and Merrill Lynch Investment Bank was merged by Bank of America. Furthermore, American International Group (AIG) sought the U.S. Federal Reserve (FED) for emergency financing to slow down the effects of continued expansion of the financial tsunami. To stabilize the financial markets, governments have taken various rescue measures to deal with the financial confidence crisis.Lacking vigilance and poor coordination, financial supervision authorities unexpectedly see the financial crisis spreading from the United States to the whole world. also provide opportunities for other countries and policy makers Juejia guided by considering problems, forcing Governments to the idea solution to face the problem, and by the reform of financial supervision of the financial market development and changes.
The United States is a country standing for financial innovation which means banks began to run diversified non-banking business. Banks of the United Kingdom and the European Union enthusiastically expanded off-balance sheet business to increase their profits. The greed of the financial institutions has inspired them to design complex and a wide range of new financial products taking advantage of high financial leverage. They sell the products to the whole world through financial liberalization and internationalization process and this situation increased the difficulty of financial supervision. Cooperation across countries is far more significant now. International financial organizations review and add more related business practices and also propose solutions. It has become the reform target for the financial crisis impacted countries.
After the financial crisis, we know that the traditional financial supervision system can not measure up the speed of the financial development. It reminded us the fragility of the financial institutions. The implications on financial innovation and the importance of financial supervision has been inspired by the financial crisis. Nations all around the world should pay more resources to strengthen the soundness of the financial supervision system to avoid the recurrence of financial crisis.
| Identifer | oai:union.ndltd.org:TW/098YZU05457011 |
| Date | January 2010 |
| Creators | YU-Chih Weng,, 翁玉枝 |
| Contributors | 丘邦翰 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 63 |
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