| Summary: | 碩士 === 銘傳大學 === 財務金融學系碩士在職專班 === 99 === Throughout the history of finance, from U.S. banking crisis of 1907, global recession of 1929, Asian financial crisis in 1997, the U.S. excessive credit creation in 2000, the subprime mortgage crisis in 2007, and to the global financial turmoil of 2008-every time financial crisis develops, financial markets are traumatized across the world. Is this a case of in appropriate management triggered by dire economy, or vice-versa? Take the current financial turmoil for example-did the rapidly changing financial environment give way to overly innovative financial products? Or was it a problem of erroneous financial governance, leading to serious challenges to the entire international financial regulatory system? In order to maintain stabilization in global financial markets, international financial regulatory organizations have proposed various relevant coping strategies in response to crisis. Due to differences in political, cultural, and environmental situations, the financial regulations of different countries present a difficult case for standardization; therefore to reach the aim of international financial governance, it is important to establish supervisory regulations that can accommodate various financial situations.
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