Simulation of crises

Abstract

The paper is devoted to an identifying of the causes of the crisis phenomena and crisis simulation. The proposed approach is based on a comparison of the crisis imbalances relative to the critical points. The author concludes that the prudent management of economic imbalances can signifi cantly reduce consequences of crises, and in some cases even avoid them. However, to obtain adequate results and recommendations must take into account the interdependence of imbalances and the decisions of individual governments of financially influential states.