Home  Journals  Finance and Credit  41(521) - 2012 November

Preconditions of new theoretical and methodological basis in open financial and economic systems

Available online: 12 November 2012

Subject Heading: THEORY OF FINANCE

JEL Classification: 

In the article it is noted that lack of theoretic-methodological bases of effective management of the national financial and the economic systems in the conditions of the raised volatility of the world markets and their high extent of the integration, the difficult collective no equilibrium dynamics of development based including on irrational behavior of economic agents, does "blind" our politicians and regulators in ensuring stable development, not allowing for effective national policy. Attempt critically is undertaken to estimate applicability of classical provisions of an economic science and to give arguments in favor of the ripened need of change of a scientific paradigm of development of financial and economic systems in the conditions of the increasing coherence and openness.

Keywords: open economy, equilibrium, economic agents, public policy

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

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