Professor traces root cause of financial tsunami

Something that everybody talks about is likely to become a general term, with its context and connection to other things becoming hazy. The "financial crisis", which triggered the current global economic slowdown, may have developed into such an expression. For those who have been vague about what it is all about from the very beginning, such an epochal turmoil may just be one more term for a bad thing in economic sphere.

Han Xiuyun, a professor of economics with Tsinghua University, tells us all about the financial turmoil in her book: Does Financial Tsunami Have Anything to Do with Me?

Her book does not just elaborate on the connection between sub-prime loans, mortgage-backed securities, collateralized debt obligation and credit default swaps. Instead, she has established connecting links between such global events as the Asian financial crisis in 1997, the birth of the euro in 1999, the NATO bombing of the Federal Republic of Yugoslavia in 1999, the September 11 terrorist attack against the United States and the Iraq War. They are all closely related to the financial crisis, according to the author.