Study of the Nature of Modern Economic Crises

DOI

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

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - 10.2991/icemw-18.2018.22
ID  - Ross2018/08
ER  -