RISK MANAGEMENT IN ECONOMIC CRISIS

Roxana ?tef?nescu ()
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Roxana ?tef?nescu: Spiru Haret University, Romania
Authors registered in the RePEc Author Service: Roxana Stefanescu

Review of General Management, 2013, vol. 18, issue 2, 90-97

Abstract: The main causes of economic crisis are the unfavorable evolution of the macro-economic behaviour and the poor incautious 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: financial innovations; transparency; shadow of the banking system; regulatory practices (search for similar items in EconPapers)
JEL-codes: D81 E32 H12 (search for similar items in EconPapers)
Date: 2013
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