Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)

Study of the Nature of Modern Economic Crises

Authors
Gennady V. Ross, Alena V. Fomina, Vladimir E. Liechtenstein, Elena G. Semenova, Victor M. Balashov
Corresponding Author
Gennady V. Ross
Available Online August 2018.
DOI
https://doi.org/10.2991/icemw-18.2018.22How to use a DOI?
Keywords
financial bubbles; capital flows; crisis; management of the economy.
Abstract
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
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Volume Title
Proceedings of the International conference "Economy in the modern world" (ICEMW 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
August 2018
ISBN
978-94-6252-599-3
ISSN
2352-5428
DOI
https://doi.org/10.2991/icemw-18.2018.22How to use a DOI?
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  -