| | PROBLEMS OF MODERN ECONOMICS, N 4 (52), 2014 | | ISSUES OF ECONOMIC THEORY. MACROECONOMICS | | Onokov V. I. St. Petersburg State University of Economics, post graduated student
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| The article concerns the role of financial fragility in the economic cycle. Based on the integrated study of the basic model of investment decisions at the firm level and theories of long waves, the superiority of the institutional sphere in the last century is proved in the article, and its proof is the emergence of financial fragility, which is a consequence of the functioning of institutions | Key words: financial fragility, long wave economic cycle, financial crises, techno-economic paradigm | Pages: 84 - 87 |
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