CRISIS AND RISK MANAGEMENT

Angela Popescu and Roxana Stefanescu ()
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Angela Popescu: Universitatea Spiru Haret, Facultatea de Finante si Banci
Roxana Stefanescu: Universitatea Spiru Haret, Facultatea de Finante si Banci

No 2009/47, Working Papers from Universitatea Spiru Haret, Facultatea de Finante si Banci, Centrul de Cercetari Economico-Financiare Avansate

Abstract: The main causes of economic crisis are unfavorable evolution of the macro-economic behavior and poor uncautious corporate governance of banks and authorities in decisions involving the granting of loans by banks and mixing factor in a political activity which must be held in essentially on economic criteria. Risk management is the art of making decisions in a world governed by uncertainty. Risk management is a process of identification, analysis and response to risks to which an organization is exposed. This process involves analyzing internal and external environment in which the organization operates, identify risks, qualitative and quantitative evaluation of their development and implementation of response, monitoring risks, identifying new situations and develop an environment to assure communication about risk.

Keywords: sub-prime loans; mortgage securitization; financial innovations; transparency; shadow of the banking system; regulatory practices (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ban and nep-rmg
Date: 2009-06-16

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Persistent link: http://EconPapers.repec.org/RePEc:ris:sphedp:2009_047

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