资源描述：
《年代美国股灾的反思及对中国股市的启示（on s american cataclysm and the stock market china enlightenment）》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、30年代美国股灾的反思及对中国股市的启示（On30sAmericancataclysmandthestockmarketChinaenlightenment）On30stheU.S.stockmarketcrashandtherevelationof"Chinesestockmarketeconomiccircles"in2007SixthAbstract:thehistoryoftheGreatDepressionoftheUnitedStatesledbythecollapseofthestockmarketin1930sgaveusmoreexperienceandi
2、nspirationforthedevelopmentofChina'seconomy.BasedontheanalysisofthecausesofthestockmarketcrashintheUnitedStates,comparesthecurrentdevelopmentsituationofChinastockmarketandthedepressionperiodofthestockmarket,thereisaremarkablesimilaritybetweenthetwo,andthenpointedoutthattheChinastockmarketd
3、uetotheseriousspeculationexistinthestockmarketbubbleislarger,theneedforpolicyguidance,torealizethehealthydevelopmentofthestockmarketChinese.Keywords:capitalmarketcrashChinasoftlandingFirst,thepropositionofPetrov,arepresentativeoftheAustriaschoolIn2004,itwaspredictedthatarisingeconomicgiant
4、,China,wouldinevitablyfallintoagreatdepression,justasAmericadidin1930."TheInterAmericanDevelopmentBankchiefeconomistGoulemotCalvoconductedastudyin2005,therearemanysimilaritiesbetweenthe31emergingcountrieshavefoundthegreatdepressionin1930sand1980aftertheeconomiccrisis,inrecentdecades,theGre
5、atDepressionofthemostfundamentalcontentisrepeatedinmanycountries,theonlydifferenceissmaller.Usually:thefirstisfinancialmarketvolatility,followedbyrapiddeclineingdp.Petrov'sremarkssoundabitalarmistatthebeginning,butCalvo'sresearchhastomakepeoplethinkseriouslyaboutthecurrentstockmarketandpot
6、entialrisksinchina.In30sthegreatdepressionwassparkedbythecrashof1929,andChinaalsoexperiencedrapideconomicgrowthofmorethantenyears,thestockmarketfromJuly2005toMay2007,lessthantwoyears,theShanghaiCompositeIndexfromthelowestpointof998rushedto4330pointsoverfourtimes.Isthereabubbleinthestockmar
7、ketinChina?IsthereanysimilaritybetweenChina'scurrenteconomicdevelopmentandtheeconomicsituationbeforetheGreatDepressionoftheUnitedStates,andwillChina'seconomyfallintodepressionifonedaythebubbleofChina'sstockmarketisbroken(ifthereisabubble)?Tosolvetheseproblems,
