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The Financial Crisis and the Management of Change in the Banking Sector

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  • Alexandra Micu

Abstract

In the last two decades the banking sector had been facing a series of profound changes. After a significant period of growth and wellbeing, the economy has faced a sudden and severe crisis. The main effect of the economic downturn implied a sharp decrease in the economic activity overall, and in the banking sector in particular, which led to millions of people losing their jobs. The article focuses on this heavily affected branch of the economy, and looks into the most efficient change management methods and turnaround strategies that enabled select organizations to remain competitive and overcome the multiple difficulties caused by the financial crisis.

Suggested Citation

  • Alexandra Micu, 2014. "The Financial Crisis and the Management of Change in the Banking Sector," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 17(54), pages 159-170, December.
    • Handle: RePEc:rej:journl:v:17:y:2014:i:54:p:159-170
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    References listed on IDEAS

    as
    1. Willem H. Buiter, 2008. "Central banks and financial crises," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 495-633.
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    More about this item

    Keywords

    financial crisis; banking sector; strategies;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises

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