The Study Of Relationship Between Excess Liquidity And Stock Market Bubble In China

Nowadays, our country the financial system met to rise from the currency value, economy to good, foreign exchange storage mobility excess problem that increase est.'s a series of factor's bring, that problem has become a current our country economy to circulate a medium outstanding problem.The mobility excess which continuously accumulates brought the aggrandizement of bank risk and once invested heat hard repress, renminbi appreciation pressure enlarge, the monetary policy effect descend etc. the negative influence of a series of severity.Rare but happens to have a counterpart, from 2006 beginning of years, the our country stock market got into a stir the big bull market of unprecedented in history. Currently up the certificate comprehensive index number already the total amount soar to invite, the huge wealth effect draws on numerous people to kill into the stock market, our country have already appeared the carry prospects of "all the people fry". Though so far didn't yet accurate hard conclusion, but can't what to demy's being an our country stock market has already appeared more obvious bubble currently. Can't deny, mobility excess and the wealth effect of stock market expel the funds of huge quantity bank, inhale stock market and turned worse the growth of bubble in the certain degree. Various arises express that liquidity and property price exist a certain cause and effect relation, however this kind of cause and effect relation the dissimilarity of , location also separates the strong or weak at any time.This thesis carried on introduction to the definition of the liquidity and the stock market bubble first, and give various methods that the fixed amounts measure these two kinds of index signs, immediately after use the methods of choice to the our country mobility excess scale and the stock market bubble level carry on to measure calculate, then to two sets of data examine, help the whole examination and space orchid a hero examination after carry on include the Thesis in time at inside of substantial evidence research, borrow with find out two of related relations and function mechanism, finally put forward own suggestion and study to the future of outlook.