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Finance and Credit
 

The crisis in the light of the financial pyramids laws

Vol. 15, Iss. 22, JUNE 2009

Available online: 16 September 2009

Subject Heading: The global financial crisis

JEL Classification: 

Skoblikov E.A. Candidate of Economic Sciences, Head Teacher of the Economics and Industry Department? Penza State University ;

The article provides a substantiation of the laws of financial pyramids as objective laws, which are in effect regardless of the people’s volition and consciousness. A financial system of any level functions effectively if the economic processes management is performed in accordance to these laws, and their violation is the cause of economic crises. The work formulates the laws themselves, shows their contents and effect mechanism, and the crisis overcoming recommendations are given. The practical calculation and the diagram of building a financial pyramid are provided based on the example of investing in residential construction.

Keywords: crisis, finances, pyramids, law, stability

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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