IDEAS home Printed from https://ideas.repec.org/a/rej/journl/v17y2014i54p159-170.html

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2014-12-23/3181/ymicu.pdf
    Download Restriction: no
    ---><---

    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Erlend Nier, 2009. "Financial Stability Frameworks and the Role of Central Banks: Lessons From the Crisis," IMF Working Papers 2009/070, International Monetary Fund.
    2. R. P. Agenor & K. Alper & L. Pereira da Silva, 2013. "Capital Regulation, Monetary Policy, and Financial Stability," International Journal of Central Banking, International Journal of Central Banking, vol. 9(3), pages 198-243, September.
    3. Philip Arestis & Malcolm Sawyer, 2010. "What Monetary Policy after the Crisis?," Review of Political Economy, Taylor & Francis Journals, vol. 22(4), pages 499-515.
    4. Agam Shah & Siddhant Sukhani & Huzaifa Pardawala & Saketh Budideti & Riya Bhadani & Rudra Gopal & Siddhartha Somani & Rutwik Routu & Michael Galarnyk & Soungmin Lee & Arnav Hiray & Akshar Ravichandran, 2025. "Words That Unite The World: A Unified Framework for Deciphering Central Bank Communications Globally," Papers 2505.17048, arXiv.org, revised Nov 2025.
    5. Luiz Carlos Bresser-Pereira, 2010. "The global financial crisis and a new capitalism?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 32(4), pages 499-534, July.
    6. Musso, Alberto & Neri, Stefano & Stracca, Livio, 2011. "Housing, consumption and monetary policy: How different are the US and the euro area?," Journal of Banking & Finance, Elsevier, vol. 35(11), pages 3019-3041, November.
    7. Willem Buiter, 2009. "Lessons from the global financial crisis for regulators and supervisors," FMG Discussion Papers dp635, Financial Markets Group.
    8. Yeva Nersisyan, 2015. "The Repeal of the Glass-Steagall Act and the Federal Reserve's Extraordinary Intervention during the Global Financial Crisis," Economics Working Paper Archive wp_829, Levy Economics Institute.
    9. Małgorzata Karaś, 2013. "FFR Level in the Period 2000-2007 and the Emergence of the Asset Price Bubble on the US Real Estate Market," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 33.
    10. Issing, Otmar, 2012. "Central banks: Paradise lost," CFS Working Paper Series 2012/06, Center for Financial Studies (CFS).
    11. Peter Sinclair, 2008. "How We Might Model a Credit Squeeze, and Draw some Policy Implications for Responding to it," Discussion Papers 08-10, Department of Economics, University of Birmingham.
    12. Issing, Otmar, 2011. "Lessons for monetary policy: What should the consensus be?," CFS Working Paper Series 2011/13, Center for Financial Studies (CFS).
    13. Jon D. Wisman, 2013. "Wage stagnation, rising inequality and the financial crisis of 2008," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 37(4), pages 921-945.
    14. Marek Lubiński, 2010. "Polityka fiskalna wobec kryzysu finansowego. Próba oceny," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 9, pages 1-23.
    15. Mr. Otmar Issing, 2011. "Lessons for Monetary Policy: What Should the Consensus Be?," IMF Working Papers 2011/097, International Monetary Fund.
    16. Christophe Blot & Jérôme Creel & Christine Rifflart & Danielle Schweisguth, 2009. "Petit manuel de stratégies de sortie de crise," Sciences Po Economics Publications (main) hal-01023657, HAL.
    17. World Bank, 2009. "Global Development Finance 2009 : Charting a Global Recovery, Volume 1. Review, Analysis, and Outlook," World Bank Publications - Books, The World Bank Group, number 8127, April.
    18. Ojo, Marianne, 2011. "The need for revised resolution regimes and supervisory arrangements," MPRA Paper 33674, University Library of Munich, Germany.
    19. Ojo, Marianne, 2009. "Central bank’s role and involvement in bank regulation: Lender of last resort arrangements and the Special Resolution Regime (SRR)," MPRA Paper 33670, University Library of Munich, Germany, revised Sep 2011.
    20. Buiter, Willem & Rahbari, Ebrahim, 2012. "Target2 Redux: The simple accountancy and slightly more complex economics of Bundesbank loss exposure through the Eurosystem," CEPR Discussion Papers 9211, C.E.P.R. Discussion Papers.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

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

    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:rej:journl:v:17:y:2014:i:54:p:159-170. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Radu Lupu (email available below). General contact details of provider: https://edirc.repec.org/data/frasero.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.