Notice of RetractionResearch and analysis on real contagion mechanism of financial crisis

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.