THE GLOBAL FINANCIAL RISKS ANALYSIS IN RELATION WITH SYSTEMIC CRISIS - A QUALITATIVE PERSPECTIVE OF THE SYSTEMS’ NETWORKING RISKS
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 7
Abstract
Nowadays, the financial global governance is mostly based on the quantitative methodologies and accounting. The usual approaches related to global financial risks are very close to quantitative perspective even the last decades proved that is no EWS comprehensive enough to cover all potential variables for each global factor to fulfill accordingly the monitoring and supervision functions within international financial system. The major idea of this article is to recall for the importance of basic qualitative approaches in global governance, in order to set up coherent instruments to manage the global relations in financial and economic matters, but on a global scale. Where the human behavior is involved the qualitative approach of financial relations will be more advantageous in priory considering the market components behavior bounded in acting limits, in spite of wasting a lot of effort trying to govern the market hazardous based on neoliberal ideas.
Authors and Affiliations
Dr. Catalin Popa| Higher Colleges of Technology, Abu Dhabi, United Arab Emirates phone: +971526290860, e-mail: catalin.popa@hotmail.com, Dr. Nistor Filip| Naval Academy, Constanta, Romania phone: +40766752527, e-mail: filip.nistor@anmb.ro
Keywords
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- EP ID EP10494
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