Title :
Notice of Retraction
Insighting the Risk Management of Financial Innovation from the Viewpoint of Subprime Mortgage Crisis
Author :
Hu Da-li ; Li Jian-qiao ; Deng Yu-hua
Author_Institution :
Bus. Adm. Coll., Jiangxi Univ. of Finance & Econ., Nanchang, China
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 financial turmoil originated from United States subprime mortgage crisis has been getting much worse and serious harm to the development of global economy. This article analysis the main reasons of subprime mortgage crisis from both surface causes and underlying causes, consider that the poor risk management in the process of financial innovation is the most important reason. Finally, the article put forward the suggestions of strengthening the risk management in the process of financial innovation at three levels of the financial institutions, supervision institutions, and international cooperation.
Keywords :
financial management; innovation management; risk management; financial innovation risk management; financial institution; global economy development; international cooperation; subprime mortgage crisis viewpoint; supervision institution; Business; Contracts; Economic indicators; Finance; Instruments; Investments; Loans and mortgages; Risk analysis; Risk management; Technological innovation;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
DOI :
10.1109/ICMSS.2009.5301359
