IT – CAUSE AND RECOVERY TOOL IN THE ECONOMIC CRISIS CONTEXT

Popescu Laura and Zurbagiu Bogdan
Additional contact information
Popescu Laura: Academy of Economic Studies
Zurbagiu Bogdan: Academy of Economic Studies

Romanian Economic Business Review, 2010, vol. 5, issue 3, 177-189

Abstract: The present paper aims to identify some of the weaknesses in the IT area that have contributed to the current financial crisis. At the same time, the crisis impact over the IT&C industry is analysed. Some case studies are introduced: credit risk evaluation software applications with low performance are one of the main causes for the collapse in the loan market, while investments in software applications for virtual campuses have the potential to contribute to the recovery as they reduce costs. Therefore, the IT&C is presented from two opposite perspectives: a factor that contributed to the on-going economic turmoil and an important tool in the recovery process. In the economic recovery plan designed by the European Union, an important place is dedicated to the investments in IT&C networks, in the Research & Development area or in the development of the global commerce as companies can make profit from every opportunity that appears on the market. Under these circumstances, the authors design a set of performance metrics that are meant to quantify the efficiency of software applications. The concluion is that the existence of performant information systems with high quality metrics and user-friendly interfaces undoubtly leads to an improvement in the economic pressure factors that characterize the crisis.

Keywords: economic crisis; IT; virtual campuses; credit risk evaluation applications; metrics (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.rebe.rau.ro/RePEc/rau/journl/FA10/REBE-FA10-A14.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:5:y:2010:i:3:p:177-189

Access Statistics for this article

More articles in Romanian Economic Business Review from Romanian-American University Contact information at EDIRC.
Bibliographic data for series maintained by Alex Tabusca ().