Economic cycle risk

1

Strategic Consideration on Avoiding Economic Cycle Risk of Chinese Steel Industry

中国钢铁工业规避经济周期风险的战略思考
2

Chapter ⅲ introduces systematic risk and non-systematic risk . Systemic risk includes the economic cycle risk , policy risk and legal risk . Non-systematic risk includes moral hazard , liquidity risk and management risk .

第三章分别对系统风险和非系统风险进行研究，系统风险包括经济周期风险、政策风险和法律风险；非系统风险包括道德风险、管理风险和流动性风险。
3

In the effect of economic cycle , the liquidity risk which increases the economic fluctuating by commercial bank lever will ultimate generate depression and economic crisis .

在经济波动的影响下，流动性风险会通过商业银行杠杆加大经济的上下震荡，最为严重时可能会酿成经济萧条或经济危机。