The Inspiration to China from the Comparative Study on the United States "Financial Tsunami" and Japanese "Economical Bubble"
XIE Bao-hua(National Economic Research Institute,Department of Mathematics,GuangDong University of Business Studies,Guangzhou,Guangdong,510320,China)
Through comparison and study between the United States "financial tsunami" and Japanese "economical bubble",we have found that they are in essence the fluidlyserious flooding and the collective non-rationality of the market main body behavior caused by theimproper and inefficient use ofthe government's economical financial policy over a period of time,which induces the appearance of the virtual economy and real economy's huge bubble at the same time and leads to a comprehensive financial and economic crisis eventually.The most important inspiration which is obtained from the two crises is:Under any circumstances we should try to avoid the appearance of the huge bubble coming from the virtual economy and real economy at the same time;we should take the relationship between the economic growth and the asset bubble seriously;we should not "rescue the market" in haste before the bubble has burst completely,and we should make a decisive decision to "rescue the market" after the bubble bursts thoroughly,we should use the scientific method,and make the good use of expectations.
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.