The Effective Of Virtual Economy To The Real Conomy By The Way Of Asset Securitization

With the economic globalization, the financial liberalization degree intensifies,virtual economy rapid development attracted much attention, virtual economy on thereal economy development plays a function of "double-edged sword". The real estatemarket excessive virtualization of the subprime crisis in the United States plays animportant role in. Subprime mortgage crisis (asset securitization and financial assetsexpansion to transfer risk to the capital market, financial crisis after the outbreak of)rapid amplification for the global financial crisis, as the financial crisis andsustainable development, crisis in the region, between the industry to deepenconstantly conduction, and spread to the entity economy. The United States sub-loancrisis is the virtual economy, financial lever under the condition of excessive use ofimmediate results. The real estate market asset securitization of financial derivatives,the financial leverage to the income of people magnified ten times, several times oreven hundreds of times, make fictitious economy excessive break away fromhypostatic economy form be threatened by growing crises. According to the UnitedStates sub-loan crisis in the fictitious economy real economy impact analysis oftypical cases, not only to a better understanding of virtual economy on the realeconomy impact mechanism, better for the real estate market in China thedevelopment of fictitious economy especially the development of asset securitizationto provide good reference.