在经济全球化的今天,金融危机的传导更快且难以控制。美国金融危机蔓延至今仍未见底,且已经损害到实体经济。研究其传导渠道,能够有效防范金融风险的产生并减弱危机的影响。本文在总结金融危机传导机制的基础上,从国内与国外两个角度分析了美国金融危机如何从房地产市场传导至信贷市场、从信贷市场传导至资本市场、以金融市场传导至实体经济、由国内传导至全球的路径。最后做出简要结论。
Nowadays as economic globalization has come into being, financial crisis spreads in a higher speed and is hard to control. The financial crisis which happened in the United States is going on and has done harm to the real economy. Therefore, studying the conduction channel is an effective way to prevent financial risks from arising and to weaken its effects. This article, based on the summarization of the financial crisis conduction mechanism, analyzes the crisis conduction channel from two perspectives: domestic and foreign. It maintains that the crisis conducted from real estate markets to credit markets, from credit markets to capital markets, and from financial markets to the real economy. In the end the paper draws a brief conclusion.