太原大学学报
太原大學學報
태원대학학보
JOURNAL OF TAIYUAN UNIVERSITY
2012年
2期
41-46
,共6页
资产价格泡沫%资产价格%内在价值%测度
資產價格泡沫%資產價格%內在價值%測度
자산개격포말%자산개격%내재개치%측도
asset price bubbles%asset price%intrinsic value%measurement
当资产的价格与价值发生背离,其背离的程度远不能被微观经济层面和宏观经济层面所解释时,就出现了资产价格泡沫。厘清资产价格泡沫的定义及构成,重新认识资产价格泡沫的生成过程与产生原因,明确资产价格泡沫的测度方法对我国当前资本市场、房地产市场与金融市场的健康发展有重要意义。
噹資產的價格與價值髮生揹離,其揹離的程度遠不能被微觀經濟層麵和宏觀經濟層麵所解釋時,就齣現瞭資產價格泡沫。釐清資產價格泡沫的定義及構成,重新認識資產價格泡沫的生成過程與產生原因,明確資產價格泡沫的測度方法對我國噹前資本市場、房地產市場與金融市場的健康髮展有重要意義。
당자산적개격여개치발생배리,기배리적정도원불능피미관경제층면화굉관경제층면소해석시,취출현료자산개격포말。전청자산개격포말적정의급구성,중신인식자산개격포말적생성과정여산생원인,명학자산개격포말적측도방법대아국당전자본시장、방지산시장여금융시장적건강발전유중요의의。
Abstract : A bubble emerges when the price of an asset deviates from its intrinsic value and the extent of the deviation cannot be explained by the micro-economic and the macro-economic factors. Clarifying the definition and composition of asset price bubbles, recognizing the generation process and causes of asset price bubbles and clearing the measurement of asset price bubbles have great importance to the healthy development of China's current capital market, housing market and financial market.