The article shows that any financial crisis is a multi-factorial phenomenon, which is associated with significant unmanaged and quickly realized external risks related to financial globalization. Prevention of such crises requires a system approach. Its absence and neglect of the accumulated experience of early warning and the forecasting features by means of mathematical models have not allowed the IMF to prevent a large-scale Asian crisis and the global crisis of 2008. The lessons learnt give an impetus to the improvement of forecasting models and the transition to using systematic measures to prevent crises.
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