Artículos con la etiqueta ‘bancos’

International Transmission of Shocks and Fragility of a Bank Network

Por • 9 mar, 2014 • Category: Economía

The weighted and directed network of countries based on the number of overseas banks is analyzed in terms of its fragility to the banking crisis of one country. We use two different models to describe transmission of shocks, one local and the other global. Depending on the original source of the crisis, the overall size of crisis impacts is found to differ country by country. For the two-step local spreading model, it is revealed that the scale of the first impact is determined by the out-strength, the total number of overseas branches of the country at the origin of the crisis, while the second impact becomes more serious if the in-strength at the origin is increased. For the global spreading model, some countries named «triggers» are found to play important roles in shock transmission, and the importance of the feed-forward-loop mechanism is pointed out. We also discuss practical policy implications of the present work.



The War on Corruption or the Building of a Pax Americana? (I)

Por • 3 ago, 2013 • Category: Economía

The problem of corruption has always been acute for any state, but today the external economic aspect of corruption is becoming more and more significant. International competition for market outlets for high-tech products and services, concessions and licenses for the development of natural resources, the acquisition of assets in the framework of privatization programs, etc. are becoming fiercer. According to the very conservative estimates of OECD experts, around 100 billion dollars are paid out in bribes every year, and 30% of that amount is from companies promoting their commercial projects abroad. Many European countries have passed their own laws on fighting corruption (or amended those already in force) after joining the abovementioned conventions. They do not have such a pronounced extraterritorial character as America’s FCPA, with the exception, perhaps, of the UK Bribery Act (UKBA) passed by the British parliament in April 2010 and effective as of July 1, 2011



The Dollar Racket

Por • 23 jul, 2013 • Category: Economía

Standard Chartered was, until last year, one of the most secret banks. It was established in Great Britain as far back as the middle of the 19th century and is thought to be part of the Rothschild empire. Like the Rothschilds themselves, Standard Chartered preferred to remain in the shadows after the Second World War, but in terms of the scale of its operations, it became one of Europe’s largest banks. In recent years, 90-95 percent of this bank’s pre-tax profit has been obtained from operations outside of the US, Great Britain and Continental Europe. In August 2012, the bank was forced to blow its cover owing to a scandal initiated by the US Department of Financial Services (DFS). It brought charges against Standard Chartered alleging that the bank had carried out illegal transactions aimed at supporting the Islamic Republic of Iran. According to the DFS, these transactions amounted to a quarter of a trillion dollars, and the New York branch was helping to shift the money between British and Middle Eastern banks to the benefit of Iranian citizens.



The secret Wall Street bailout

Por • 16 dic, 2010 • Category: Leyes

The US doled out $12.3 trillion dollars to finance bailouts, a figure far higher than what was previously stated.