Las crisis financieras y de deuda crean enormes costos para los ciudadanos. Para analizar las causas, las consecuencias y las soluciones de estas crisis financieras, especialmente a la luz de la que experimentó la Argentina a fines del 2001, se realizó un seminario que convocó a distinguidos...

This article examines the costs of banking pollution and the role of regulation and restrictions on the financial system in tackling it. It studies the benefits of such restrictions in terms of modularity, robustness and incentives, and the costs in terms of the economies of scale and the...

Las cajas rurales, en su condición de entidades de crédito, al igual que los bancos y las cajas de ahorros, están experimentando las consecuencias derivadas de la actual crisis financiera internacional. Sin embargo, lejos de suponer un lastre para estas entidades, la actual situación ha de...

El artículo estudia el impacto que la crisis económica y financiera está teniendo en las entidades bancarias de carácter social, en especial en sus estrategias de financiación y de localización territorial. En primer lugar, se analizan las crecientes necesidades de financiación de la...

In September 2007, a serious financial crisis became evident in the developed countries, due to serious mistakes in economic policy. Even against their own ideology, governments have not spared measures to reduce its effects, have failed to contain it, and it advances towards a global recession...

This article analyzes the causes of U.S. mortgage backed securities crisis, a crucial market in the financial panic of 2008. It shows that irrational behavior of investors is not infrequent, as evidenced by Ponzi schemes and bubbles. A comparison is made between traditional and new models of...

This paper analyzes the management of surges in capital inflows to Emerging Markets. It reviews the main policy tools, including fiscal and monetary policy, exchange rate policy, foreign exchange market intervention, domestic prudential regulation, and capital controls. A key conclusion is that,...

The current financial crisis, hitting the very nucleus of capitalist metropolis and placing its roots and causes at the spheres (financial and commercial ones) that have been privileged by neo-liberals, is another sample of the scarce or nonexistent viability of neo-liberal projects, having in...

The degree of crisis propagation on firms can be determined according to operational and financial results. This research studies how 88 private, non-financial Mexican firms suffered and recovered from the 1994 economic crisis. Results show that the periods and degree of deterioration and...

The idea that credit is important has gained importance in the contemporary macroeconomic theory. However, almost all the models that explicitly include financial variables in their explanation of economic behaviour continue to differentiate between the monetary and the real economy in the long...