金融危机发生的原因及对中国的启示

自2001年9·11恐怖袭击事件以来，美国为刺激经济一直实行宽松的货币政策，造成了虚拟经济与实体经济相脱离，同时金融机构为谋求暴利发行大量的高风险次级贷款，而其在流通过程中由于信用评级机构自身的特殊地位造成对其不公正的评级，当房价下跌时引起了各金融机构的连锁反应，随着金融巨头的纷纷破产和亏损，引发了这场波及全球的金融危机。这也给中国的商业银行个人住房抵押贷款业务、国内流动性过剩以及处于起步阶段的信用评级机构敲响了警钟，所以应尽快完善金融制度和社会制度解决这些问题。

The Reasons for American Financial Crisis and the Implications for China

Since terrorists attacked in September 11,2001, the United States has been implemented the loose monetary policy to stimulate the economy, but this resulting the separation between virtual economy and real economy. At the same time, financial institutions issued a large number of high - risk sub - loans for seeking profits. While in the process of its circulation, credit rating agencies produced unjust rating because its own special status. All of this caused a chain reaction of financial institutions when house prices are falling. So a global financial crisis outbreak and spread as the financial giant＇s bankruptcy and losses. This is also sound the alarm to personal housing mortgage loan business of China＇s commercial banks, the domestic excess liquidity and the credit rating agencies which at the initial stage. It should develop the financial system and social system to solve these problems.