【摘要】 资产价格泡沫源自信贷扩张,信贷扩张对资产价格的作用机制是借款人的风险转移行为。从经验证据上分析了我国信贷扩张对房地产价格存在的因果关系及商业银行中长期存在流动风险和结构不合理等问题。更多还原

【Abstract】 Asset price bubble come from credit expanding which its action mechanism is borrower risk transfer behavior.By empirical analyzing Chinese real estate industry.This paper discover that credit expanding lead to real estate price rising,existing Granger causality.So the merchant bank will face the liquidity risk and irrationality structure in the long run.更多还原