【摘要】：比特幣誘發(fā)新一輪的投機(jī)狂潮,市場(chǎng)泡沫再次進(jìn)入人們的視野。比特幣泡沫的特殊之處在于比特幣的貨幣屬性,圍繞這一點(diǎn)學(xué)界展開了激烈地爭(zhēng)論,但投資者無(wú)疑看中了它對(duì)法定貨幣的替代可能和投資潛力。這也表明市場(chǎng)泡沫背后有著重要的貨幣根源,可歸因于貨幣價(jià)格對(duì)商品價(jià)值的偏離,而法定貨幣也可看做市場(chǎng)泡沫的一種基本形式。貨幣信用會(huì)通過(guò)從屬波效應(yīng)、信用擴(kuò)展周期和金融不穩(wěn)定性等一系列傳導(dǎo)機(jī)制形成市場(chǎng)泡沫,因而,在信用貨幣時(shí)代需要市場(chǎng)各參與方的相互協(xié)作才能有效防治市場(chǎng)泡沫帶來(lái)的影響。
[Abstract]:Bitcoin triggered a new wave of speculation, and the bubble came into view again. The special feature of the Bitcoin bubble lies in the currency property of Bitcoin, which has been hotly debated in academic circles, but investors are undoubtedly attracted to the possibility and investment potential of its substitution for legal tender. This also shows that there is an important monetary origin behind the market bubble, which can be attributed to the deviation of the monetary price from the value of the commodity, and the legal tender can also be regarded as a basic form of the market bubble. Monetary credit will form a market bubble through a series of transmission mechanisms such as the dependent wave effect, credit expansion cycle and financial instability. In the era of credit money, the market participants need to cooperate in order to effectively prevent the impact of the market bubble.
【作者單位】： 浙江海洋學(xué)院經(jīng)濟(jì)與管理學(xué)院;
【基金】：國(guó)家社會(huì)科學(xué)基金重點(diǎn)項(xiàng)目“貨幣與商業(yè)周期理論的起源、形成與發(fā)展”(14AZD104) 中國(guó)博士后科學(xué)基金面上資助項(xiàng)目“信用本質(zhì)視角下貨幣理論的邏輯譜系與現(xiàn)實(shí)應(yīng)用研究”(2015M580273) 浙江省社會(huì)科學(xué)界聯(lián)合會(huì)研究課題成果(2016N65Y)
【分類號(hào)】：F820.4
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本文編號(hào)：2412738