The Modern Five Financial Crisis Study

AS the socialist market economic structure formed, the development of our economy was more and more fast.After taking part in the WTO, our economy was in close touch with the world economy, thus the probability of the risk of finance crisis in our country was too much which added to us much more anxiety, espacially after the subprime lending crisis.Since the implementation of reform and open policy in 1979, our country had never had finance crisis, but speculative activity always existed, so it was very important to have a research of the finance crisis of the past.In this paper, I present the priciple of the finance crisis firstly, and pay all energy to analyse the five finance crisis of Chinese modern times. I try to make a conclusion through the research of the process of finance crisis.This paper has a research of the five finance crisis through seven aspact:market rationality,the present of speculation,money supply and speculation,deceit,revulsion,crisis international communication and lender of last resort,and in the end present the conclusion.