Firstly, based on the theory of conduction path and mechanisms of the financial crisis, studied the international path of conduction of the U. S. financial crisis systematically.

本文首先在金融危机传导和机制理论的基础上，对美国金融危机传导的国际路径进行了系统研究。

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Mr Krugman's theory is illuminating, particularly in explaining why the crisis has been so severe despite the absence of big economic shocks.

ECONOMIST: Disaster has spawned a new theory of financial crises

Mr Rajan's story was intended as a narrative of the subprime crisis in America, not as a general theory of financial dislocation.

ECONOMIST: Free exchange