Fattore umano e rischio sistemico: un memento

• Main Author: M. SARCINELLI
• Format: Article
• Language: Italian
• Published: Associazione Economia civile 2013-10-01
• Series: Moneta e Credito
• Subjects: Financial crises, systemic risk, globalization, risk containment
• Online Access: http://ojs.uniroma1.it/index.php/monetaecredito/article/view/11038

<p class="FreeForm"><span lang="EN-GB">Charles Kindleberger once described international financial crises as an &ldquo;evergreen&rdquo;. Indeed, looking back over the last 400 years it is hard not to get a sense of their regularity or invincible fate. However, the current structural market transformations taking place in the wake of globalization call for an analysis of the fresh roots of that &ldquo;evergreen&rdquo; of systemic risk. The author offers some semantic and theoretical premises before looking into the role of the human factor in the prevention and control of a crisis from spreading from an isolated case to the system as a whole. Cases are described in which organisational consistency and the quality of corporate governance, shared purposes and a common culture, and sufficient transparency are important to containing systemic risk and curbing panics.</span></p><p class="FreeForm">&nbsp;</p><p class="FreeForm">&nbsp;</p><p class="FreeForm"><span lang="EN-GB"><strong>JEL Codes: </strong>G01, G32</span></p><p class="FreeForm"><span lang="EN-GB"><strong>Keywords: </strong>Financial crises, systemic risk, globalization, risk containment</span></p>