2016, no. 3

FINANCIAL MECHANISMS OF FINANCIAL CRISES

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Authors:  
Ivan LUCHIAN, PhD, Associate Professor, International Institute of Management IMI-NOVA, Moldova
George BALAN, PhD, Associate Professor, Romanian-German University of Sibiu, Romania

The actuality of this article is determined by the need to demonstrate that financial crisis is not just an issue of economic disaster caused by contagion effect of financial cataclysm, expressed in national currency depreciation, depletion of foreign exchange reserves, mass bankruptcy of financial institutions, non-market entities insolvency and impossibility of sovereign debt servicing, but a special investment opportunity with associated characteristics of profitability. Central aims of article is research of financial crisis essence, investment mechanisms linked to existing fundamental laws of its conduct and determination of investment opportunities manifested in various segments of financial market and related sectors. Main research methods were: systemic analysis, statistical analysis, monographic and logic synthesis, etc. Main scientific results obtained in the article, due to research are to identify, analyze and demonstrate investment opportunities of international financial crisis and financial crises in Moldova.

Keywords:  
financial crisis, financial contagion, investment opportunity.