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Start Over Descriptor "RESERVES (Accounting)" Topic subprime mortgages Journal beijing review
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1. Thwarting Financial Risk In East Asia.

Author

Zhaokui, Feng

Subjects
*FOREIGN exchange, *RESERVES (Accounting), *SUBPRIME mortgages, *FINANCIAL crises
Abstract

The article reports on the plan of China, Japan and South Korea to set up a foreign exchange reserve fund along with the Association of Southeast Asian Nations (ASEAN). According to the article, the countries and the ASEAN will set up the fund in order to support each other to avoid possible financial risks from the U.S. subprime mortgage loan crisis. It is stated that the subprime crisis was similar to the Asian financial crisis in 1997.

Published
2008

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