DocumentCode
2831352
Title
Notice of Retraction
Research and analysis on real contagion mechanism of financial crisis
Author
Xu Yanli ; Liu Dan
Author_Institution
Sch. of Manage., Harbin Normal Univ., Harbin, China
Volume
5
fYear
2010
fDate
22-24 Oct. 2010
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The analysis of financial contagion is always an important problem in international finance field. Generally the crisis contagion has a feedback mechanism. In the context of financial globalization, world financial crisis has cross-contagion, and that is why the financial crisis is getting worse. Recently the financial crisis triggered by the U.S. subprime mortgage crisis, has been conducted from credit market to capital market, from financial market to real economy, and has caused great damage to the global economy. In order to explore and block the route for crisis´s further spread in real economy, this paper applies systematic method to analyze the real contagion mechanism of financial crisis, and works out such influencing factors as competitive effect, income effect, effect of cheap imports and competitive devaluation effect, and concludes that real contagion is possible to be controlled.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The analysis of financial contagion is always an important problem in international finance field. Generally the crisis contagion has a feedback mechanism. In the context of financial globalization, world financial crisis has cross-contagion, and that is why the financial crisis is getting worse. Recently the financial crisis triggered by the U.S. subprime mortgage crisis, has been conducted from credit market to capital market, from financial market to real economy, and has caused great damage to the global economy. In order to explore and block the route for crisis´s further spread in real economy, this paper applies systematic method to analyze the real contagion mechanism of financial crisis, and works out such influencing factors as competitive effect, income effect, effect of cheap imports and competitive devaluation effect, and concludes that real contagion is possible to be controlled.
Keywords
economics; globalisation; international finance; US subprime mortgage crisis; capital market; cheap import; competitive devaluation effect; competitive effect; contagion mechanism; credit market; feedback mechanism; financial contagion; financial globalization; financial market; income effect; international finance; real economy; world financial crisis; Biological system modeling; contagion effect; financial crisis; real contagion mechanism;
fLanguage
English
Publisher
ieee
Conference_Titel
Computer Application and System Modeling (ICCASM), 2010 International Conference on
Conference_Location
Taiyuan
Print_ISBN
978-1-4244-7235-2
Type
conf
DOI
10.1109/ICCASM.2010.5620260
Filename
5620260
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