图 书 馆
金融泡沫，房地产泡沫，衍生泡沫，以及金融和经济危机Financial Bubbles, Real Estate Bubbles, Derivative Bubbles, and the Financial and Economic Crisis |
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| 课程网址: | http://videolectures.net/ccss09_sornette_fbreb/ |
| 主讲教师: | Didier Sornette |
| 开课单位: | 苏黎世联邦理工学院 |
| 开课时间: | 2009-07-10 |
| 课程语种: | 英语 |
| 中文简介: |  |
| 课程简介: | The financial crisis of 2008, which started with an initially well-defined epicenter focused on mortgage backed securities (MBS), has been cascading into a global economic recession, whose increasing severity and uncertain duration had led and is continuing to lead to massive losses and damage for billions of people. Heavy central bank interventions and government spending programs have been launched worldwide and especially in the USA and Europe, in the hope to unfreeze credit and boltster consumption. Here, I present evidence and articulate a general framework that allows one to diagnose the fundamental cause of the unfolding financial and economic crisis: the accumulation of several bubbles and their interplay and mutual reinforcement has led to an illusion of a perpetual money machine allowing financial institutions to extract wealth from an unsustainable artificial process. Taking stock of this diagnostic, I conclude that many of the intervention to address the so-called liquidity crisis and to encouragemore consumption are ill-advised and even dangerous, given the lack of precautionary reserves that have been unaccumulated in the good times and the huge liabilities. The most interesting presents times constitute unique opportunities but also great challenges, for which I offer a few recommendations. |
| 关 键 词: | 金融危机; 证券; 全球经济 |
| 课程来源: | 视频讲座网 |
| 最后编审: | 2019-12-17：lxf |
| 阅读次数: | 43 |