对20世纪90年代后美国股市泡沫膨胀、破裂的若干思考  

Reflections on Inflation and Burst of Bubbles in American Stock Markets Since 1990s

作　　者：袁秀华[1] 袁秀明[2] 

机构地区：[1]广西师范大学法商学院,广西桂林541001 [2]中国社会科学院研究生院,北京100102

出　　处：《广西师范大学学报（哲学社会科学版）》2006年第1期24-27,共4页Journal of Guangxi Normal University(Philosophy and Social Sciences Edition)

摘　　要：20世纪90年代美国经济持续高速增长,美国股市也随经济的增长而快速飙升,形成了股市泡沫。美国股市泡沫的形成、膨胀、破裂是由其内在机制作用、非对称信息泡沫、非理性泡沫、高科技企业成长特殊机制以及大量资金的涌入造成的。我国股市应汲取美国股市教训,加强股市的监管力度,提高投资者的素质,积极引入多元化的投资者,增强实体经济的盈利能力,提升股票市场的价值基础。In the 1990s, American economy exhibits extraordinary growth rate, however, the bubbles bursting in the stock market end the economic flourish. The presence, inflation and burst of bubbles in American stock market arise from many reasons： intrinsic bubbles.irrational behavior.special mechanism in American hi-tech enterprise growing up and large amounts of money entering in are all important reasons. The inflation and burst in stock market magnified the economic fluctuation. Policy maker should understand the rule of technology impact, holding back stock bubbles expansion when necessary, and minimize economic fluctuation space.

关 键 词：美国股票市场 股市泡沫 经济波动 

分 类 号：F830.91[经济管理—金融学]