Prof. CHEN, Xiangdong, Beihang Univ. March, 2015
2015/3/17 Tuesday
International Financial
Risk Management
Prof. CHEN, Xiangdong
Bei Hang University
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International Financial Risk Management
Prof. CHEN, Xiangdong, Beihang Univ. March, 2015
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University
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International Financial Risk Management
Prof. CHEN, Xiangdong, Beihang Univ. March, 2015
Prof.CHEN, Xiangdong, School of Economics & Management, Bei Hang
University
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2015/3/17 Tuesday
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Session I - 1: background of international financial risk – uncertainty of macro level environment 87
Prof.CHEN, Xiangdong, School of Economics & Management, Bei Hang University
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Four Crisis
• Crisis for International Economic Growth
– Growing of Elder People:
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1960:one eleventh
2000:one seventh
2020 : one fifth
2030:one fourth
How could current economic system provide proper life for elders?
– New technology:
• Sharp decrease of working days!
• Negative employment vs. positive economic growth
– Environment Crisis
• Atmosphere and proper weather
Sustainable?
• Smaller lands!
• Decrease of diversity species by 30% - 70% within 20-30 years
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Prof.CHEN, Xiangdong, School of Economics & Management, Bei Hang
University
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International Financial Risk Management
Prof. CHEN, Xiangdong, Beihang Univ. March, 2015
2015/3/17 Tuesday
Four kinds of Crises: Instability of the Monetary System
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1994: Mexico Crises
1997: Asian Crises
1998: Russia Crises
1999: