{"id":14116,"date":"2023-09-12T04:26:36","date_gmt":"2023-09-12T04:26:36","guid":{"rendered":"https:\/\/file.currentschoolnews.com\/?post_type=product&p=14116"},"modified":"2023-09-12T14:07:38","modified_gmt":"2023-09-12T14:07:38","slug":"impact-of-recession-on-risk-management-systems-in-nigerian-banks","status":"publish","type":"product","link":"https:\/\/pastexamquestions.com\/product\/impact-of-recession-on-risk-management-systems-in-nigerian-banks\/","title":{"rendered":"Impact of Recession on Risk Management Systems in Nigerian Banks"},"content":{"rendered":"

Download Impact of Recession on Risk Management Systems in Nigerian Banks<\/strong><\/span>. Business Administration students who are writing their projects can get this material to aid their research work.<\/span><\/span><\/p>\n

Abstract<\/b><\/span><\/h2>\n

One of the major consequences of recession is a general slowdown in economic activity over a period of time.<\/p>\n

It therefore beholds and organization to set up a robust Risk management to assist in consolidating property values, claims, policy and exposure information and provide the tracking and managementreporting capabilities to enable the organization monitor and control its overall cost of risk.<\/p>\n

Unfortunately, unavoidable risks, the category to which recession belongs, is mostly ignored. This study therefore is an attempt at assessing the impact of recession on risk management systems and to appraise the effectiveness of the banks general risk management system.<\/p>\n

The study takes the form of a survey research, with questionnaires and interviews being the dominant source of data collected.\u00a0 Charts and tables have been extensively employed in presenting available data while the chi-square test was used in testing the stated hypothesis.<\/p>\n

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Introduction<\/span><\/span><\/strong><\/span><\/h2>\n

Recession in its general form has been described as a business cycle contraction, bringing about a general slowdown in economic activity over a period of time.<\/p>\n

During this period, several macroeconomic indicators vary in a similar way and there is usually a high risk of bankruptcy (Julius, 2008).<\/p>\n

The impact of recession on a business varies and is dependent on the nature of business especially as regards to its relationship with the macroeconomic indicators which mostly reflect the existence of recession.<\/p>\n

Most mainstream economists believe that recessions are caused by inadequate aggregate demand in the economy, and favour the use of expansionary macroeconomic policy during recessions.<\/p>\n

Strategies favoured for moving an economy out of a recession vary depending on which economic school the policymakers follow.<\/p>\n

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