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The “human” factor in the economic crisis: a new view in the rules of financial sector

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  • Salvatore Puglisi

    (University of Teramo, Teramo, Italy)

Abstract

Among the several reasons of financial global crisis of 2007-2008, many of them can be connected with wrong assumption, underestimation or overestimation of events, and, in general, with choices that are not so much eligible to be defined rational. The importance of behavioural factor in banking and financial sector has been highlighted also by the reputational risk, namely that risk connected with loss in profit due to a negative feeling of bank image from customers, partners, shareholders, investors and Authorities. The aim of this paper in to investigate the role of the “human” factor in the development of the global crisis of 2008, by taking into account the rules of the financial sector.

Suggested Citation

  • Salvatore Puglisi, 2021. "The “human” factor in the economic crisis: a new view in the rules of financial sector," Sociology and Social Work Review, International Society for projects in Education and Research, vol. 5(2), pages 40-47, December.
    • Handle: RePEc:edr:sswrgl:v:5:y:2021:i:2:p:40-47
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    References listed on IDEAS

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    More about this item

    Keywords

    Crisis; economics; finance; uncertainty: banks.;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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