数字资产价格泡沫风险的形成机制、传导路径及监管对策研究  

Research on the formation mechanism,transmission path and regulatory countermeasures of digital asset price bubble risk

作　　者：陶然 胡增芳[1] 蒋武[1] Tao Ran;Hu Zengfang;Jiang Wu(School of Financial Science and Technology,Anhui Business College,Wuhu Anhui 241000)

机构地区：[1]安徽商贸职业技术学院金融科技学院,安徽芜湖241002

出　　处：《安徽商贸职业技术学院学报》2025年第1期39-45,共7页Journal of Anhui Business College

基　　金：安徽省高校人文社科重大项目(2024AH040316);安徽省质量工程项目(2023kcsz006);安徽商贸职业技术学院质量工程项目(ZL2021009)。

摘　　要：数字资产价格泡沫具有虚假繁荣的特征,泡沫一旦形成,必然严重降低经济系统发展活力,影响国家经济发展质量。从市场投机、信息不对称和监管缺位三个方面剖析数字资产价格泡沫风险的形成机制,发现泡沫风险通过金融系统、投资者行为及宏观经济波动影响全球市场。数字资产价格泡沫风险的监管策略主要有:完善数字资产的法律与监管框架,健全市场风险监测与预警机制,提高市场透明度与合规性,推进跨国监管合作与协调机制,加强投资者教育与保护机制。The digital asset price bubble has the characteristics of false prosperity.Once the bubble is formed,it will seriously reduce the development vitality of the economic system and affect the quality of national economic development.The paper analyzes the formation mechanism of digital asset price bubble risk from three aspects:market speculation,information asymmetry and supervision absence,and finds that the bubble risk affects the global market through the financial system,investor behavior and macroeconomic fluctuations.The main regulatory strategies for digital asset price bubble risk include:improving the legal and regulatory framework for digital assets,improving the market risk monitoring and early warning mechanism,improving market transparency and compliance,promoting cross-border regulatory cooperation and coordination mechanisms,and strengthening investor education and protection mechanisms.

关 键 词：数字资产 价格泡沫 风险形成 传导效应 监管策略 

分 类 号：F49[经济管理—产业经济]