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Crisis And Risk Management

Author

Listed:
  • Popescu, Angela

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

  • Stefanescu, Roxana

    () (Universitatea Spiru Haret, Facultatea de Finante si Banci)

Abstract

The main causes of economic crisis are unfavorable evolution of the macro-economic behavior and poor uncautious 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

  • Popescu, Angela & Stefanescu, Roxana, 2009. "Crisis And Risk Management," Papers 2009/47, Osterreichish-Rumanischer Akademischer Verein.
  • Handle: RePEc:ris:sphedp:2009_047
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    More about this item

    Keywords

    sub-prime loans; mortgage securitization; financial innovations; transparency; shadow of the banking system; regulatory practices;

    JEL classification:

    • 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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