Theoretical and Applied Economics
No. 6 / 2006 (501)
Banking Activity for Sustainable Development
Fundatia „Two Wings” AIESEC Austria
Ion Stancu
Academia de Studii Economice Bucuresti
Abstract. The corporations gain a power of influence, unthinkable years ago; they have acquired more and more rights and, in some way, govern the life of billions of peoples and of the earth in general. With every right, comes though the responsibility of the conservation and development of the environment in which the corporations act. The banking system has a major role to play in the evolution of the international framework, given its position on the economic stage. Some important banking groups realized this fact and made important steps in the area. The case study of the Holland banking group ABN AMRO proves the complexity of the introduction of sustainable development in the core of the financial business. The implementation is neither easy nor cheap. It implies essential changes in the bank management, in the way to determine the financial policies, in how to choose the clients, the employees, the suppliers etc. Led in an efficient way, sustainable banking implies innovation, creativity and, implicitly, new gains, through creating new products and opening new markets. The international banking community proved, through leading examples (ABN AMRO Bank, HSBC Group, Rabobank Group, JP Morgan Chase, Citigroup etc.) that it understands the importance, the necessity and also the viability of the sustainable development.
Contents
Synthetic Analysis about Single-Criterion and Multi-Criterion Financial Assets Portfolio
About Knowledge Society Pillars in Romania
Adjusting Shocks Management in Euro Zone. The Asymmetrical Impact of the ECB Monetary Policy
Banking Activity for Sustainable Development
Engineering and Re-engineering Model of the Proceses for Implementing Quality Management System in Small and Medium Enterprises
Economics of Corruption. The Equilibrium, Political and Social Determinations
Structural Changes of International Trade Flows under the Impact of Globalization
Controversies Regarding Goodwill Evaluation, Depreciation and Recording Policies
TRIPs Agreement, Important Multilateral WTO Treaty
Cultural Impacts in Managerial Accounting
Some Aspects Regarding Banking Risk Management
History Economic Lessons. Rising and Collapse of Nicolas Fouquet
Human Development – Qualitative Dimensions of a Globalized World
Trends in Banking System Globalization
Migration Process Evolution in Europe