Latin American Financial Crisis: Short- and Long-term Perspectives

1990 ◽  
pp. 78-99
Author(s):  
Roque B. Fernandez
Keyword(s):  
Financial Crisis ◽  
Latin American ◽  
Short And Long Term

scholarly journals The Impact of the Global Financial Crisis, Does It Sustain?

2016 ◽  
Vol 8 (10) ◽  
pp. 82 ◽  
Author(s):  
Bashar Al-Zu'bi ◽  
Hussein Salameh ◽  
Qasim Mousa Abu Eid
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Global Financial Crisis ◽  
Stock Market Index ◽  
The World ◽  
The Usa ◽  
Short And Long Term ◽  
The Global Financial Crisis ◽  
The Impact

<p>This paper studies the short and long term relationship between S&amp;P500 USA stock market index and the stock market indices of 30 countries around the world over the period June 2010-April 2015. We implement OLS regression and use error correction model to examine the short and long term relationship between the variables. Empirically, we find that there is a relationship on the short and long term between S&amp;P500 and the indices of 27 countries from East Asia, Europe, Latin America, Middle East as well as the countries of Australia and Canada. These results conclude that the global financial crisis of 2007-2008 significantly and lengthy increased the already high level of co-movement between the USA financial market and the observed stock market for 27 countries around the world. The findings from our research are important; however, we believe that further research based on our findings is necessary.</p>

scholarly journals Methodology to Assess Sustainable Mobility in LATAM Cities

2021 ◽  
Vol 11 (20) ◽  
pp. 9592
Author(s):  
José I. Huertas ◽  
Sonja Stöffler ◽  
Trinidad Fernández ◽  
Xanin García ◽  
Roberto Castañeda ◽  
...  
Keyword(s):  
Latin American ◽  
Information Technologies ◽  
Low Cost ◽  
Sustainable Mobility ◽  
Urban Centers ◽  
Web Map ◽  
Mobility Assessment ◽  
Short And Long Term ◽  
Northeastern Mexico

As the first step toward implementing strategies to improve mobility in urban centers, governmental authorities must assess their present situation in order to identify the most effective actions that should be included in their short and long-term plans. However, there is not a well-established methodology to carry out such an assessment. The already existing ones are subjective, incomplete, costly, and hard to implement, especially for the case of Latin American (LATAM) countries. This paper proposes a comprehensive methodology to carry out this assessment. It uses recent advances in information technologies and includes the use of web map services, telematics data, and low-cost vehicle emission tests. As an example of application, a mobility assessment was carried out for Saltillo, a medium-sized city in northeastern Mexico, which is considered a typical city in LATAM countries. Results indicate that this methodology can be replicated at a low incremental cost and that it leads towards the identification of the most sustainable (economic, environmental, and social) actions that should be implemented in these cities considering their local circumstances.

Impact of the Economic and Financial Crisis on Pension Systems in Central and Eastern Europe: Hungary

2011 ◽  
Vol 57 (3) ◽  
pp. 287-298 ◽  
Author(s):  
András Simonovits
Keyword(s):  
Financial Crisis ◽  
Pension System ◽  
Conservative Party ◽  
Public Expenditures ◽  
Government Deficit ◽  
Short And Long Term ◽  
The Government ◽  
Pension Benefits ◽  
Economic And Financial Crisis

By 2008, the Hungarian pension system had grown too generous (with the average pension to average net wage ratio equaling 70%) and the implied contribution rate (32%) was hindering growth (dropping to 1% in 2007). When the international economic and financial crisis deprived Hungary of normal credits, the country’s government turned to international organizations for help. The most spectacular element of the conditions attached to the bailout package was the short and long-term reduction of pension benefits. Within months, the Hungarian government eliminated the unsustainable 13th month benefit, reduced health-insurance contribution rates, replaced wage-price indexation with price indexation and drastically increased the normal retirement age in the medium-run. The newly elected conservative party practically shut down the second pillar and used up the released capital not only to reduce the government deficit and debt but also to finance public expenditures.

scholarly journals Maternal education gradients in early life height: A comparative study of eight Latin American countries

2021 ◽  
Author(s):  
Alejandra Abufhele ◽  
Kasim Allel ◽  
Marigen Narea ◽  
Jane Waldfogel
Keyword(s):  
Latin American ◽  
Maternal Education ◽  
Tertiary Education ◽  
Productivity Loss ◽  
Early Years ◽  
Z Scores ◽  
Short And Long Term ◽  
Latin American Countries ◽  
Height For Age

Abstract Background More than 20% of the children around the world were stunted in 2018. The situation is not any better in Latin American countries, even though stunting prevalence has been declining since 2000. Stunting has adverse consequences on children: severe short- and long-term health and functional effects, poor cognition and educational performance, low adult wages, and productivity loss. Methods This study compares maternal education gradients in height-for-age z-scores (HAZs) and stunting prevalence in children between two and four years of age from eight different Latin American countries: Chile, Uruguay, Costa Rica, Paraguay, Mexico, El Salvador, Nicaragua, and Peru. Results Results show that the prevalence of stunting varies widely across Latin American countries. Having a mother with tertiary education increases HAZs in every country (except Paraguay), compared to having a mother with primary education or less. In some countries, there is also a difference in HAZs associated with secondary versus primary maternal education. With regard to stunting, maternal education is a crucial determinant to decrease the odds of being stunted in early years in countries with the highest stunting prevalence (≈ 20%); however, this is not the case for countries where the prevalence is low (< 5%). Conclusions We found that maternal education is associated with height and stunting in preschool-aged children in our sampled Latin American countries. The association’s magnitude is higher for LMICs than for countries with a higher income per capita in the zone (i.e., Chile and Uruguay). These results suggest that future policies aiming to increase maternal education will improve children’s height-for-age and decrease their risk of stunting.

scholarly journals Short- and long-term debt determinants in Swedish SMEs

2017 ◽  
Vol 16 (1) ◽  
pp. 106-124 ◽  
Author(s):  
Peter Öhman ◽  
Darush Yazdanfar
Keyword(s):  
Financial Crisis ◽  
Capital Structure ◽  
Large Scale ◽  
2008 Financial Crisis ◽  
Content Type ◽  
Short And Long Term ◽  
The 2008 Financial Crisis ◽  
Industry Sectors ◽  
Debt Policy

Purpose This paper aims to empirically investigate the capital structure determinants of small and medium-sized enterprises (SMEs) with a particular focus on short- and long-term debt. Design/methodology/approach Several methods were used to analyse a sample of 15,897 Swedish SMEs for which complete financial information was available for a four-year period following the 2008 financial crisis, i.e. the 2009-2012 period. Findings The results indicate that eight explanatory variables – i.e. size, age, growth, profitability, liquidity, asset tangibility, non-debt tax shields and industry affiliation – are associated to various extents with SME debt policy. Research limitations/implications The current study is limited to examining a sample of Swedish SMEs in five industry sectors covering the 2009-2012 period. Further research could examine the generalizability of the present results by considering other countries, industry sectors and periods. Practical implications As debt policy influences firm performance, value and survival, SME owners and managers, regulators and financial institutions may benefit from studies considering a relatively large number of capital structure determinants, several of which are linked to short- and long-term debt in various ways. Originality/value This study is one of the few to examine the determinants of short- and long-term debt in SMEs, which play a fundamental role in the economy, using a large-scale cross-sectional database covering a period following the 2008 financial crisis.

Short- and Long-Term Results of Total vs Subtotal Thyroid- ectomies in the Surgical Treatment of Graves' Disease

Swiss Surgery ◽  
2001 ◽  
Vol 7 (1) ◽  
pp. 20-24 ◽  
Author(s):  
Robert ◽  
Mariéthoz ◽  
Pache ◽  
Bertin ◽  
Caulfield ◽  
...  
Keyword(s):  
Recurrent Laryngeal Nerve ◽  
Nerve Palsy ◽  
Recurrent Laryngeal Nerve Palsy ◽  
Laryngeal Nerve ◽  
Long Term Results ◽  
Graves Disease ◽  
Laryngeal Nerve Palsy ◽  
Short And Long Term

Objective: Approximately one out of five patients with Graves' disease (GD) undergoes a thyroidectomy after a mean period of 18 months of medical treatment. This retrospective and non-randomized study from a teaching hospital compares short- and long-term results of total (TT) and subtotal thyroidectomies (ST) for this disease. Methods: From 1987 to 1997, 94 patients were operated for GD. Thirty-three patients underwent a TT (mostly since 1993) and 61 a ST (keeping 4 to 8 grams of thyroid tissue - mean 6 g). All patients had received propylthiouracil and/or neo-mercazole and were in a euthyroid state at the time of surgery; they also took potassium iodide (lugol) for ten days before surgery. Results: There were no deaths. Transient hypocalcemia (< 3 months) occurred in 32 patients (15 TT and 17 ST) and persistent hypocalcemia in 8 having had TT. Two patients developed transient recurrent laryngeal nerve palsy after ST (< 3 months). After a median follow-up period of seven years (1-15) with five patients lost to follow-up, 41 patients having had a ST are in a hypothyroid state (73%), thirteen are euthyroid (23%), and two suffered recurrent hyperthyroidism, requiring completion of thyroidectomy. All 33 patients having had TT - with follow-ups averaging two years (0.5-8) - are receiving thyroxin substitution. Conclusions: There were no instances of persistent recurrent laryngeal nerve palsy in either group, but persistent hypoparathyroidism occurred more frequently after TT. Long after ST, hypothyroidism developed in nearly three of four cases, whereas euthyroidy was maintained in only one-fourth; recurrent hyperthyroidy was rare.

Sign in / Sign up

Export Citation Format

Share Document