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Liburkina L. M.

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Modern Approaches to Typologizing the Global Financial Crises
Shabelnyk T. V., Marena T. V., Shabelnyk M. M.

Shabelnyk, Tetiana V., Marena, Tetyana V., and Shabelnyk, Mykola M. (2020) “Modern Approaches to Typologizing the Global Financial Crises.” Business Inform 10:6–13.
https://doi.org/10.32983/2222-4459-2020-10-6-13

Section: Economic Theory

Article is written in Ukrainian
Downloads/views: 3

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UDC 339.7

Abstract:
The publication is aimed at developing theoretical bases for research of the causes and consequences of global financial crises, as well as systematizing the typology of global financial crises to determine effective and efficient measures to influence their course and reduce losses from their consequences. Scientists-economists of different scientific schools provide unequal explanations, definitions and substantiations of the essence and causes of the development of global financial crises. In all cases, global financial crises cover financial markets, money turnover and credit, international finance; they manifest themselves through the rapid growth of interests, debts, reduction of loans, large-scale downfall in the securities exchange rate, massive losses in the market of derivatives, uncontrolled decline in exchange rates, etc. The introduction of effective and efficient measures to prevent global financial crises in early stages of their development can significantly affect their course and reduce losses from their actions and consequences. A typology of global financial crises is proposed, which takes into account the connections of their causes and consequences on the following grounds: the coverage of the monetary and financial system, the level of international economic relations, and perturbing factors. The latter cause global financial crises by implementing the cause-and-effect economic mechanisms. This results in the occurrence of contradictions between economic needs and a monetary and financial system.

Keywords: global financial crises, typology of global financial crises, monetary and financial system, international economic relations, perturbing factors.

Fig.: 1. Tabl.: 1. Bibl.: 21.

Shabelnyk Tetiana V. – Doctor of Sciences (Economics), Professor, Professor, Department of Economic Cybernetics and System Analysis, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]
Marena Tetyana V. – Candidate of Sciences (Economics), Associate Professor, Pro-rector, Mariupol State University (6 Preobrazhenska Str., Kyiv, 03037, Ukraine)
Email: [email protected]
Shabelnyk Mykola M. – Masters Student, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]

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