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Economic Analysis: Theory and Practice
 

Institutional causes of cyclical economic development and features of contemporary crisis

Vol. 10, Iss. 40, OCTOBER 2011

Available online: 29 October 2011

Subject Heading: ECONOMIC CYCLES AND CRISES

JEL Classification: 

Маlkina М.Y. Doctor of economic sciences, professor, head of chair of theory of economy, Nizhny Novgorod state university named after N.I. Lobachevsky - National research university
mmuri@yandex.ru

Lavrov S.U. Graduate student of chair of theory of economy, Nizhny Novgorod state university named after N.I. Lobachevsky - National Research University
s.u.lavrov@yandex.ru

This article explores the formal and informal institutions that give rise to the cyclical nature of economic development in modern conditions. It is identified institutional mechanisms of modern financial and economic crisis. It is necessary to shift the paradigm of state regulation of the markets and changes in the institutional set-up of the world monetary system.

Keywords: cyclicity, financial-economic crisis, Institute, deregulation, mortgages, innovation

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ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

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