@article{oai:stars.repo.nii.ac.jp:00004736, author = {中野, 瑞彦 and Nakano, Mitsuhiko}, issue = {4}, journal = {桃山学院大学経済経営論集, ST. ANDREW'S UNIVERSITY ECONOMIC AND BUSINESS REVIEW}, month = {Mar}, note = {Subprime loan shocks" has let the international financial markets and stock markets be in turmoil. Many large financial institutions like Citigroup and UBS suffered from the huge losses due to the devaluation of MBSs(Mortgage Backed Securities)and CDOs(Collateralized Debt Obligations)which were including mezzanine tranche of subprime loan. When the financial deregulation proceeded globally since the second half of 1990s a few of US and European financial institutions expanded their business area all over the world. They also geared themselves up to do high risk transactions with derivatives and leverage. They have been required by shareholders to achieve higher and higher profitability. Subprime shocks were the result of risky business conducted by financial institutions undervaluing the risks of subpime loan and its securitized products. It is obvious that financial turbulence badly affects corporate investment and personal consumption. The negative effects of the financial deregulation should be discussed., 10, KJ00004869445, 論文, Article}, pages = {247--275}, title = {ギンコウ ギョウム ノ ヘンカ ト サブプライム ローン モンダイ ギンコウ ギョウム ノ ヘンカ タコクセキカ ト シティ バンク ニ ショウテン オ アテル クマガイ ジロウ キョウジュ タイニン キネンゴウ}, volume = {49}, year = {2008}, yomi = {ナカノ, ミツヒコ} }