This article sets out to describe the microeconomic effects in a developed economy of attempts to implement an internal devaluation to correct a real overvaluation of its currency and thus make it more competitive internationally. The study focuses on the experience of the UK in 1925, with the...

El objetivo de este trabajo es contribuir a explicar la crisis económica de Japón, que dura ya más de una década, centrando la atención en los efectos de la gestación de la burbuja especulativa de 1985-90, y en la corrección de los precios de las acciones y de los activos inmobiliarios...

The financial crisis that has already settled in our society began with the activities performed in the USA by the financial entities that conceived and innovated new financial products in order to move and socialize their risks to the rest of the system. Globalization has allowed these risks to...