IDEAS home Printed from https://ideas.repec.org/a/aio/aucsse/v3y2011i39p218-227.html
   My bibliography  Save this article

System Risk In Contemporary Society

Author

Listed:
  • Constantin Ciurlau
  • Ilie Murarita
  • George Ciobanu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Study of risk has become more and more lately, the whole general theory of management due to increasing complexity of structural relations of the whole economic and social system, plus the development of science and technology, which has led to important changes in approach theoretical and practical aspects of risk and uncertainty. Were imposed, first, the concepts „risk” and „uncertainty” in general. Grade of „risky” is, in everyday language, a rather negative connotation and indicates that the purpose of the action in question may be totally unfavourable of those who initiated it, the economy, however, this qualification is synonymous with „uncertain” - risky situation whose completion is partially escapes the control of its originator and, therefore, can reserve surprises. F.H.Knight1 these two notions of significant nuanced. This study focuses specifically on the definition and sources of system risk and its association with financial crises.

Suggested Citation

  • Constantin Ciurlau & Ilie Murarita & George Ciobanu, 2011. "System Risk In Contemporary Society," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(39), pages 218-227.
  • Handle: RePEc:aio:aucsse:v:3:y:2011:i:39:p:218-227
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/AUCSSE/0039v3-029.pdf
    Download Restriction: no

    More about this item

    Keywords

    risk; uncertainty; system risk; information asymmetry; prudential device; regulation; supervision; coordination; intrinsic myopia;

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:aucsse:v:3:y:2011:i:39:p:218-227. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Anca Bandoi). General contact details of provider: http://edirc.repec.org/data/fecraro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.