Números Publicados

Formato: 2020
The crises of subprime loans and the risk of a credit crunch
Revista:
18 - 2008
Autores:
Antonia Calvo Hornero
Resumen:

Once the first instant financial panic in August was elapsed, the US subprime mortgages crisis seemed not to affect the global financial system and the problems of the affected institutions seemed to be solved. Nevertheless, many financial entities have suffered important losses and some of them had recourse to Asian and Middle-East sovereign-wealth funds to strengthen their capital base. Central Banks had to repeatedly sustain liquidity in the markets in order to prevent a credit crunch.

Archvo adjunto:
Temas:
Sub-Prime Lending, Credit Crunch, Sub-Prime Mortgage Loans, Collateralised Debt Obligations (CDOs), Adjustable Rate Mortgage (ARMs), Securitized Loan, Special Investment Vehicle (SIV), Scoring
Globalization and drawing up of social protection policies at national level
Revista:
18 - 2008
Autores:
Javier BILBAO UBILLOS
Resumen:

The essential objective of this article is to link the exposure of firms to increasing international competition and the evolution of social welfare systems, while states lose the use of some policies aimed to improve national competitiveness. The empirical study focuses on EU countries, and investigates whether trends in welfare provision levels and funding are coherent with theoretical hypothesis.

Archvo adjunto:
Temas:
Competitiveness, Funding of Social Protection Provisions, Economic Integration, Internationalization of Economic Activities
Liberalization reforms on the energy sector of the European Union
Revista:
18 - 2008
Autores:
Enrique Palazuelos Manso, María Jesús Vara Miranda
Resumen:

This briefly paper discusses the difficulties existing in the European Union to construct a common energy policy. More specifically, it studies in what extent the reforms that have been boosted by the institutions of EU on the electricity and gas sectors since the nineties facilitate or accentuate the difficulties to construct an European energy policy.

Archvo adjunto:
Temas:
Energy Sector, European Union, Liberalization, electricity, Natural Gas
Editorial
Revista:
18 - 2008
Autores:
Manuela A. de Paz Báñez
Archvo adjunto:
Sección:
Editorial
Methodological propose for a critical re-reading of the system of financing to development (1944-2007)
Revista:
18 - 2008
Autores:
Julio Herrera Revuelta, Jesús Santamaría Fidalgo
Resumen:
With the submission of this work we pay tribute to Professor Dr. Rafael
Martínez-Cortiña. In the last 20 years Rafael focused on the analysis of the
financial system. This line of research led him to become personally involved
in the pulse of international cooperation in development in general and the
micro-credits in particular research papers. In this remembering to his memory,
Archvo adjunto:
Temas:
Development and Underdevelopment, International Economic System, Capitalism, globalization, Development Financing, Cooperation to Development
Port governance: main trends
Revista:
18 - 2008
Autores:
Fernando González Laxe
Resumen:

Maritime transport faces a new stage of liberalisation and deregulation, aimed at establishing a network of delivery and storage of both products and services. Shipping lines and port operators are increasingly focused on business and geographically centralised. This greater concentration coincides with a new redefinition of port competences.

Archvo adjunto:
Temas:
Maritime Transport, Port Economics, governance, Logistics Integration
A temporal comparison of development using a quantitative index
Revista:
18 - 2008
Autores:
Teresa García del Valle Irala, Carmen Puerta Gil
Resumen:

In this paper a quantitative index, that allows measuring the human development of the countries and to make temporal comparisons, is presented. The methodology developed to obtain the index has characteristics that make it an excellent tool for this type of studies. It is flexible in the sense that allows changing the number of variables or the variables with which we work in different moments of time.

Archvo adjunto:
Temas:
Multiple Factorial Analysis, Weighted Principal Components Analysis, Human Development, Quantitative Indexes
The external debt and its misunderstandings
Revista:
18 - 2008
Autores:
Saturnino AGUADO
Resumen:
This article analyzes the issue of the external debt and its misunderstandings.
In the first chapter, the external debt is analyzed within the context of the
Absorption Approach to the Balance of Payments. The external debt is
presented as a stock variable connected with the annual “flows” coming from the
balance of payments. In the second part of the article, some misunderstandings
Archvo adjunto:
Temas:
External Debt, Absorption Approach, Net Debt Position, United States
Knowledge and economic growth: a strategy for developing countries
Revista:
18 - 2008
Autores:
Margarita Argüelles Vélez, Carmen Benavides González
Resumen:

National economic growth is increasingly based on resources different from the traditional ones. Technology, information, learning, labour skills and experience, cooperation, networks are, among others, more and more important for the production processes. In this way, they give a competitive advantage to firms localized in geographic areas in which these resources are available.

Archvo adjunto:
Temas:
economic development, Knowledge, Technological Dependency, Economic Policy
The methodological failures of the keynesian model
Revista:
18 - 2008
Autores:
Luis ORDUNA DÍEZ
Resumen:
The present paper analyses some of the most important methodological
failures in Keynes’ model of economy. Keynes’ “general theory” meant an
immeasurable advance with respect to the previous classical and neoclassical
models. However, his ideas did not achieve to give the definite step forward,
required to construct a long-term economic theory, able to fight against the
Archvo adjunto:
Temas:
Keynesian Model, Short and Long Term Policy, Supranational Policy, Structural Policy

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