GROWING RISKS, DOWN ECONOMY – A BRIEF IDENTIFICATION OF SYSTEMIC RISKS OF THE CURRENT PERIOD

Narcis Mitu

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 4, issue 39, 223-228

Abstract: After the shock to the global financial system and world economy in 2008, period that followed is one of analysis and conclusions. What has changed dramatically, compared to last period, is the level of recognition that global risks, like the world, are now tightly interconnected and shocks and vulnerabilities are truly global, even if impact and response can still differ at the ”local” level. The current economy is impacting global businesses in numerous ways. Organizations have been forced to adjust their business model and operating costs by reducing workforce, downsizing production, seeking cost savings opportunities, and developing business contingency plans for changing economic conditions. In this context, in the pages that follow, we will try to make a brief analysis of the potential risks that may affect the global economy in future periods.

Keywords: systemic risks; economic risks; moral hazard; morality; crisis. (search for similar items in EconPapers)
JEL-codes: G20 G32 H12 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2011:i:6:p:223-228

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