Comparative Analysis of the Causes of the Phenomenons of the Economic Bubbles of Japan and the USA
|Keywords||Economic bubble Excess liquidity Financial integration International monetary system|
U.S. housing bubble burst in 2007 , induced the U.S. financial crisis evolved into a global financial crisis , the the foam problem under unprecedented world attention ; This is reminiscent of the 1990s , Japan's financial crisis is also due to the pre- economic collapse of the bubble induced . Twice the economic bubble caused by two financial crisis , is evident from the the bubble far-reaching impact on the social development of the great dangers . This paper attempts to trigger date , the causes of the economic bubble of the U.S. financial crisis were analyzed to find countermeasures blocking economic bubble to expand , to provide some inspiration and suggestions for the smooth development of China's economy . This paper argues that external environmental factors , domestic macro environment factors and financial institutions factors together is the most important reason to induce the bubble economy in Japan and the United States . Respectively to explain the causes of the bilateral economic bubble based on a comparative analysis can be seen , in addition to external environmental factors facing the two countries is quite different factors of macro-environmental factors and financial institutions have more similarities . Therefore , the prevention and control of the economic bubble in the Chinese government to pay attention to external environmental factors influence, but also to pay attention to the correct formulation of the country 's domestic policy implementation and effective regulation of the economy ; financial institutions as the economic operation of the most important micro - economic subjects - Note risk control and stable operation is more conducive to avoid the formation and accumulation of the economic bubble , blocking the generation of the financial crisis .