Study of the Nature of Modern Economic Crises
Gennady V. Ross, Alena V. Fomina, Vladimir E. Liechtenstein, Elena G. Semenova, Victor M. Balashov
Gennady V. Ross
Available Online August 2018.
- https://doi.org/10.2991/icemw-18.2018.22How to use a DOI?
- financial bubbles; capital flows; crisis; management of the economy.
- A model of capital flows is proposed in this article and it is shown herein that the natural result of this flow is the emergence of the information collapse of the second type, the essence of which is that the transmitted economic information becomes distorted, which results in the loss of controllability. This is the essence of modern economic crises. The role of financial bubbles in the onset of collapse is shown. The size of the bubble in the American economy is estimated. The signs of the onset of collapse of the second kind are given. The concepts of the market mechanism and the planned mechanism as well as the ways of switching between them as a means of preventing crisis phenomena in the economy are considered
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Gennady V. Ross AU - Alena V. Fomina AU - Vladimir E. Liechtenstein AU - Elena G. Semenova AU - Victor M. Balashov PY - 2018/08 DA - 2018/08 TI - Study of the Nature of Modern Economic Crises BT - Proceedings of the International conference "Economy in the modern world" (ICEMW 2018) PB - Atlantis Press SP - 117 EP - 122 SN - 2352-5428 UR - https://doi.org/10.2991/icemw-18.2018.22 DO - https://doi.org/10.2991/icemw-18.2018.22 ID - Ross2018/08 ER -