Research reveals that Eastern European countries have not learned from previous negative experiences of emerging countries, preferring to experiment on their own premature and uncontrolled consequences of external opening of national economies to foreign trade and capital flows, together with...

This study is a theoretical overview on the origin and formation mechanisms of the financial crisis. We first presented a typology of these crises on the basis of specific symptoms and we proposed statistical indicators of instabilities correspondent to each type of crisis. We also evaluated the...

This paper aims to investigate the origin and to analyze the mechanisms of forming the main economic imbalances previous to financial crises. For this purpose we first outline a typology of crises depending on the characteristic symptoms, and we identify statistical indicators corresponding to...