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U.S. debt crisis, the Chinese practice of the Enlightenment MBS Abstract: In 2001 the United States since the secondary mortgage loan market has entered a booming period of lower interest rates and financial innovations to reduce the use of a secondary mortgage loan market in the threshold, many lending institutions in order to seize market share for illegal operations. Meanwhile, in order to solve the structure of bank financing and liquidity problems, Yakuan support the secondary mortgage bonds, referred to as "the debt", came into being. The debt will be from the credit risk for banks scattered in the insurance agencies, security agencies, investors, but will also expand the risk to all sectors. As the U.S. real estate market cooled down, lending institutions, violations of regulations will be mortgage borrowers, lenders, insurance agencies, as well as the debt investors are exposed in 2006 since the real estate prices fell, Wei Yuelv increased risk of system Way. Not long ago the United States-debt crisis finally broke out, to the global financial market risks sounded the alarm. With China's rapid economic growth and housing reform of the financial system continued to deepen and boost China's housing mortgage loans grew rapidly, driven by the real estate market's prosperity. However, due to China's capital market has lagged behind the development of relevant laws and regulations and the imperfect, mortgage-backed securities (Mortgage-backed Securities, called MBS), did not receive the promotion. This is not only restricted the Chinese improve the housing finance system, also caused a lack of liquidity of banking assets and the credit risk on the issue. China's housing reform of the financial system continued to deepen under the conditions of China's MBS practice it is particularly important. U.S. debt crisis, the Chinese practice of MBS in the course of risk prevention has a huge reference. The title attempts to macro-economic, policy guidance, government regulation, financial institutions, social responsibility and risk of the borrower's point of view of the United States to prevent the outbreak of the reasons for the debt crisis, the practice of China's MBS in the potential risks and should pay attention to a number of issues . Key words: the risk of MBS bondsAmerican inferior debt crisis to Chinese MBS practice enlightenment abstract: since 2001 the American overlying mortgage loan market has entered the vigorous development time, the interest rate reduced with the financial innovation product use reduced the overlying mortgage loan market threshold, many lending institutes to seize the market share to carry on the contrary operation. At the same time, to solve the bank financing structure as well as the fund fluid question, the overlying mortgage mortgage support bond, the abbreviation “the inferior debt”, arises at the historic moment. The inferior debt will be originally supposed the credit risks which undertakes by the bank to disperse in the Arming device, the guarantee organization, the investor, but also expands the risk to each profession. Since along with the US real estate market's temperature decrease, lending institute's illegal activities mortgage loan's borrower, the moneylender, the Arming device, as well as the inferior debt's investors will have exposed in 2006 real estate recession in price, in the violation rate rise system risk. Little while ago the American level debt crisis finally erupted, has sounded the risk alarm for the global money market. along with the Chinese economy's fast growth and the housing reform of monetary system's unceasing deepening, has stimulated the China home mortgage loan swift growth, has led real estate market prosperous. But is imperfect as a result of the China capital market development's relative lag and the related laws and regulations, the home mortgage loan support negotiable securities (Mortgage-backed Securities, is called MBS), has not obtained the promotion. Not only this has restricted the Chinese housing financial system's consummation, also has created the bank asset fluid insufficiency and the credit risks centralized question. Deepens unceasingly in the Chinese housing reform of monetary system under the condition, the Chinese MBS practice appears especially important. US's inferior debt crisis the risk guard has greatly to the Chinese MBS practice process in profits from the function. The main subject attempts from the macro economic, the policy guidance, the government supervision, the financial organ community responsibility, as well as the borrower risk guard's angle analyzes the American inferior debt crisis's eruption reason, discusses potential risk which in the Chinese MBS practice exists, and proposed should pay attention certain questions. key word: Inferior bond risk MBS 希望对你有帮助~ |
