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Growing Risks, Down Economy – A Brief Identification Of Systemic Risks Of The Current Period

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  • Assoc. Prof. Narcis Eduard Mitu Ph. D

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

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.

Suggested Citation

  • Assoc. Prof. Narcis Eduard Mitu Ph. D, 2011. "Growing Risks, Down Economy – A Brief Identification Of Systemic Risks Of The Current Period," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 4(39), pages 223-228, May.
  • Handle: RePEc:aio:aucsse:v:1:y:2011:i:6:p:223-228
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    File URL: http://feaa.ucv.ro/AUCSSE/0039v4-028.pdf
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    More about this item

    Keywords

    systemic risks; economic risks; moral hazard; morality; crisis.;

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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