The “human” factor in the economic crisis: a new view in the rules of financial sector

Salvatore Puglisi
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Salvatore Puglisi: University of Teramo, Teramo, Italy

Sociology and Social Work Review, 2021, vol. 5, issue 2, 40-47

Abstract: Among the several reasons of financial global crisis of 2007-2008, many of them can be connected with wrong assumption, underestimation or overestimation of events, and, in general, with choices that are not so much eligible to be defined rational. The importance of behavioural factor in banking and financial sector has been highlighted also by the reputational risk, namely that risk connected with loss in profit due to a negative feeling of bank image from customers, partners, shareholders, investors and Authorities. The aim of this paper in to investigate the role of the “human” factor in the development of the global crisis of 2008, by taking into account the rules of the financial sector.

Keywords: Crisis; economics; finance; uncertainty: banks. (search for similar items in EconPapers)
JEL-codes: E60 G20 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:edr:sswrgl:v:5:y:2021:i:2:p:40-47

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