scholarly journals Comportamiento de las entidades integrantes del sistema financiero costarricense durante la crisis económica mundial de 2008. Costa Rican financial system entities behavoir during 2008 world economic crisis.

2017 ◽  
Vol 11 (3) ◽  
pp. 27
Author(s):  
Hernán Rojas Blanco
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Financial Analysis ◽  
Financial System ◽  
Costa Rican ◽  
Mitigation Strategies ◽  
Actual Duration ◽  
El Sistema ◽  
World Economic ◽  
World Economic Crisis

<p><strong>Resumen </strong></p><p>Uno de los fenómenos financieros de mayor importancia e impacto mundial de las últimas décadas fue la crisis económica mundial de 2008. Fenómeno que, a pesar de tener un origen territorialmente focalizado, tuvo un impacto global. El presente artículo analiza el comportamiento del sistema financiero costarricense en medio del fenómeno económico citado. Para explicar dicha conducta, es de suma importancia ahondar en el actuar financiero y contable de cada una de las entidades que lo componen, con el objetivo de determinar su proceder y evolución en los períodos de pre-crisis, crisis y post-crisis. El análisis financiero propuesto se desarrolló mediante una metodología basada en el análisis de datos a nivel granular (extracción, procesamiento y visualización), agrupados posteriormente mediante la generación y caracterización de clúster. La implementación de este tipo de metodología posibilitó la determinación del período real de la vigencia de los efectos de la crisis en el sistema financiero, las estrategias de mitigación implementadas contra sus efectos y comportamiento cíclico mantenido por las entidades financieras en observación.</p><p> </p><p><strong>Abstract</strong> </p><p>The 2008 world economic crisis became one of the most important and globally impacting events of the last decades. Despite having a specific territorial origin, this phenomenon had a major global impact. The present article analyzes the performance of one of the main economic components, which is the financial system, particularly the Costa Rican financial system, throughout the aforementioned economic phenomenon. To explain such performance, it is important to go into detail on the financial and accounting procedures of each of its entities, in order to determine its behaviors and evolution before, after, and mainly, throughout the duration of this financial crisis. The proposed financial analysis was developed following an approach based on data analysis at a granular level (extractions, processing, and visualization), subsequently grouped through a cluster generation and characterization. The implementation of this methodology allowed to determine the actual duration of the effects of such financial crisis, and the mitigation strategies that were implemented against its effects and cyclical behavior (with predictive characteristics) of the overall observed financial entities.</p><p><strong><br /></strong></p>

scholarly journals The impact of world economic crisis on global currency war

2015 ◽  
Vol 67 (4) ◽  
pp. 391-410
Author(s):  
Pero Petrovic ◽  
Dusko Kostic
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Financial Institutions ◽  
Global Financial Crisis ◽  
World Bank Group ◽  
Financial Flows ◽  
The World ◽  
World Economic ◽  
The Impact ◽  
World Economic Crisis

The article examines how the deepening of the world economic crisis impacts global financial flows and performance of international financial institutions, with focus on two issues: 1) did the decrease of the Euro means the beginning of the global currency war?; 2) is there any sort of banks? ?conspiracy? in the world gold market? Long-term financial crisis demands a decisive reform measure to mend the functioning and structure of the IMF, World Bank Group and other global and regional financial institutions. This means that the outcome of their policies has been inadequate, so far, and that their role is subjected to a critical observation in finding an efficient performance of financial markets. Beijing is becoming more generous lender for a large number of the low-performing countries, offering them the significant support in Yuans due to Chinese geopolitical interests. China and Russia in the field of economic development are strongly complemented: the scope of cooperation is very broad, and there is a strong potential for the establishment of other world currencies, which would suppress the U.S. dollar as the dominant currency in global commodity and financial transactions. The authors conclude that the struggle to increase the competitiveness of the national state, at the expense of others, continues in the era of the deepest global financial crisis.

scholarly journals REGIONAL ASPECTS OF DEVELOPMENT OF SYNDICATED LOAN MARKET IN RUSSIA AND PRICE TRENDS UNDER THE CONDITIONS OF MODERN WORLD ECONOMIC CRISIS

2014 ◽  
pp. 80-87
Author(s):  
L. A. Arsenova
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Current Level ◽  
Modern World ◽  
Syndicated Loans ◽  
Syndicated Loan Market ◽  
World Economic ◽  
Price Trends ◽  
Further Development ◽  
World Economic Crisis

Syndicated loans market has significantly changed following the financial crisis in 2008-2010. However for the regional companies the syndicated loans have become an instrument for the increase in efficiency and recovery. As well Russian banks are more active on the syndicated loans market. As for the further development and pricing trends we assume that the pre-crisis amounts and structures of the syndicated loans could not return before end 2012–2013 however the pricing will remain on the current level.

Strategy and Tactics of Monetary Policy during the World Economic Crisis

2010 ◽  
pp. 4-20 ◽  
Author(s):  
A. Nekipelov ◽  
M. Golovnin
Keyword(s):  
Monetary Policy ◽  
Economic Crisis ◽  
Exchange Rate Policy ◽  
Industrial Countries ◽  
Policy Goals ◽  
The World ◽  
Rate Policy ◽  
World Economic ◽  
World Economic Crisis ◽  
Qualitative Changes

The paper analyzes the qualitative changes in monetary policy goals and instruments during the world economic crisis of 2007-2009 in industrial countries and Russia; it represents the authors view on Russian monetary policy goals and results on different stages of crisis development. On the basis of the analysis the authors conclude on the necessity of active exchange rate policy in Russia, while developing interest rate instruments, and implementation of some exchange restrictions to prevent crisis contagion in the future.

World Economic Crisis as a Process of Substitution of Technological Modes

2009 ◽  
pp. 26-38 ◽  
Author(s):  
S. Glaziev
Keyword(s):  
Economic Crisis ◽  
Economic Activity ◽  
Sharp Increase ◽  
Energy Resources ◽  
Long Wave ◽  
The World ◽  
World Economic ◽  
Technological Mode ◽  
World Economic Crisis

The article analyzes fundamental reasons for the world economic crisis in the light of global technological shifts. It proves that it is caused by the substitution of technological modes. It is shown that sharp increase and slump in stock indices and prices for energy resources are typical of the process of technological substitution which occurs regularly according to the rhythm of long-wave fluctuations of the world economic activity. The article rationalizes a package of anti-crisis measures aimed at stimulating the new technological mode. Its structure and role of the locomotive factor of the new long wave of economic growth are revealed.

The World Economic Crisis and Transnational Corporations

2012 ◽  
Vol 11 (1) ◽  
pp. 168-181
Author(s):  
Jerry Harris
Keyword(s):  
Economic Crisis ◽  
State Intervention ◽  
Capitalist Class ◽  
Dominant Position ◽  
Global Character ◽  
The World ◽  
National Capital ◽  
World Economic ◽  
Bail Out ◽  
World Economic Crisis

Abstract Although the world economic crisis has slowed the flow of global investments and production, transnational capitalism has become more centralized through greater monopolization. We can trace this development in the auto industry with an examination of state intervention, transnational alliances and global competition. Far from developing a nation-centric recovery plan, the Obama bail-out deepens the auto industry’s global character. This example shows how the transnational capitalist class works through the State to strengthen its dominant position over national capital.

scholarly journals Insourcing as a New Trend in Global Business

2013 ◽  
Vol 5 (2) ◽  
pp. 7-24
Author(s):  
Jadwiga Chudzicka
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
Global Business ◽  
Traditional Management ◽  
The World ◽  
Current Economic Situation ◽  
The Face ◽  
World Economic ◽  
Job Category ◽  
World Economic Crisis

AbstractIn the face of world economic crisis, it is worth considering ‘what changes in thinking are needed to revive the global economy?’ Traditional management methods have already lost much of their potential. Keeping the compliance of job category with human nature is an important factor supported by insourcing. The purpose of this study was to answer the question whether the current economic situation in the world is more profitable to firms sending domestic jobs overseas, or perhaps - in the end - it is better to use insourcing services, providing employment to workers in their home countries

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