The period of the global cycle of the financialized economy
DOI:
https://doi.org/10.15587/2313-8416.2019.163103Keywords:
Globalization of economy, transnationalization, financialization, financial crisis, global economic cycles, period of the economic cycleAbstract
The article examines the relationship between financialization of economies of the leading countries of the world and the nature of the modern global economic cycle. Due to financialisation of the modern economy financial markets became the generators of the business cycle. Exactly the instability of financial markets provokes a business cycle. The authors of the article suggest that due to certain laws of functioning of the stock market it is possible to predict the period of the global economic cycle which will prevent its devastating impact on the world economy
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Copyright (c) 2019 Sergiy Vasilchenko, Taras Malyshivskyi
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