资本市场泡沫和市值蒸发的理论思考

货币资源的可增值性为货币资源的膨胀、萎缩,提供了必要前提,资本市场的虚拟性又为资本市场泡沫和市值的蒸发提供了条件,资本市场上经常出现的缺口,通过进一步影响货币资源,催化资本市场泡沫的增大与破灭,市场的膨胀与蒸发。缺口效应增加泡沫和市值膨胀,属虚增的社会财富。而缺口破灭的泡沫市值蒸发则造成社会财富的损失。为此要发挥政府的宏观管理职能,保持资本市场供求平衡,保持宏观经济政策的稳定性和持续性,减少货币资源的浪费和损失。

Theoretical Thought of Gap Bubble and Market Value of Evaporation about Capital Market

Monetary resources is gainable,which causes itself expansion,contraction and introduces the capital market gap which effect the monetary resources to increase the capital market bubble burst and make the market expansion and evaporation.The effect of gap increases the bubble and market value expansion which inflate the wealth of society.And the bursting of the bubble market value of the gap caused evaporation loss of the wealth of society.Government should play the macro-management functions to preserve capital market supply and balance to maintain macroeconomic stability and policy continuity to reduce the waste of resources and monetary loss.