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The Role of the Management of Financial Institutions in Reducing the Effects of the Economic Crisis

Author

Listed:
  • Ioan Cucu

    (University of Petrosani, Romania)

Abstract

The financial crisis profoundly affected the USA economy, highlighting many problems related to the five management systems of financial institutions. But the most important aspect that influenced the dramatic evolution of these institutions in the last few years was the inadequate management manifested in the lack of coordination and equilibrium between the five systems. Most of the problems highlighted in the financial crisis can be pursued at the deficiencies related to the five leadership systems inside each major public or private actor from the financial markets: incentive measures, control and information technology, book-keeping, human capital, culture.

Suggested Citation

  • Ioan Cucu, 2011. "The Role of the Management of Financial Institutions in Reducing the Effects of the Economic Crisis," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(3), pages 47-54.
    • Handle: RePEc:pet:annals:v:11:y:2011:i:3:p:47-54
    as

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    References listed on IDEAS

    as
    1. Kristopher Gerardi & Adam Hale Shapiro & Paul S. Willen, 2007. "Subprime outcomes: risky mortgages, homeownership experiences, and foreclosures," Working Papers 07-15, Federal Reserve Bank of Boston.
    2. R. Christopher Whalen, 2008. "The Subprime Crisis - Cause, Effect and Consequences," NFI Policy Briefs 2008-PB-04, Indiana State University, Scott College of Business, Networks Financial Institute.
    3. Adrian Blundell-Wignall, 2008. "The subprime crisis: Size, deleveraging and some policy options," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2008(1), pages 29-53.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    leadership systems; economic crisis; subprime crisis;
    All these keywords.

    JEL classification:

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

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