How did the American credit market become so entwined with - and dependent on - Chinese lending? This program examines the rise and potential decline of "Chimerica," the financial marriage between two of the world's biggest economic powers. Historian Niall Ferguson shows how the Chinese "savings glut" led to excessively easy American borrowing and prompted the subprime mortgage crisis of 2007. Going inside trading centers in Hong Kong and Chongqing, China, as well as the International Monetary Fund and World Bank, Ferguson explains why once-risky markets in Asia, Latin America, and eastern Europe have become better investments than the U.K. or U.S. stock market. Distributed under license from BBC Worldwide. A part of the series, "The Ascent of Money: A Financial History of the World."

Films Media Group

Soros, George, Merton, Robert C., Scholes, Myron S., International finance--History, Options (Finance)--History, United States--Foreign economic relations--China, China--Foreign economic relations--United States, United States--Commerce--China, China--Commerce--United States, Economy/Business

The ascent of money: a financial history of the world

Ferguson, Niall, Potts, Joanna, Danon, Orly, Aukema, Dewald, Severin, Steven, Chimerica Media, Educational Broadcasting Corporation, Channel Four (Great Britain), Films for the Humanities & Sciences (Firm)

00:47:53 (HH:MM:SS)

English

Higher education

Name	Films Media Group (Firm)
Role	Publisher
Telephone	800-257-5126
Address	200 Metro Blvd., Suite 124, Hamilton, NJ 08619
Email	[email protected]

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