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Risk Management In Economic Crisis

Author

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  • Roxana ?TEF?NESCU

    () (Spiru Haret University, Romania)

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.

Suggested Citation

  • Roxana ?TEF?NESCU, 2013. "Risk Management In Economic Crisis," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 18(2), pages 90-97, November.
  • Handle: RePEc:fmb:journl:v:18:y:2013:i:2:p:90-97
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    References listed on IDEAS

    as
    1. Ion Petrescu, 2006. "Managementul crizelor," Expert Books, The Expert Publishing House, edition 1, number 9736180824, December.
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    More about this item

    Keywords

    financial innovations; transparency; shadow of the banking system; regulatory practices;

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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