LA CRISIS FINANCIERA: ¿ESTAFA, MALA GESTIÓN EMPRESARIAL, MAL MANEJO MACROECONÓMICO O UNA FALTA DE REGULACIONES? DE NUEVO LAS ENSEÑANZAS

• Main Author: Julio César Espinosa Rodríguez
• Format: Article
• Language: English
• Published: Universidad Nacional, Costa Rica 2012-05-01
• Series: Economía y Sociedad
• Subjects: Crisis financiera, regulaciones, mercados OTC
• Online Access: http://www.revistas.una.ac.cr/index.php/economia/article/view/3768

<p><span style="font-family: Times New Roman; font-size: small;"> </span><span style="font-family: Times New Roman;"><strong style="mso-bidi-font-weight: normal;"><span lang="ES-CR" style="font-size: 10pt; mso-ansi-language: ES-CR; mso-fareast-language: ES;">Resumen</span></strong><strong style="mso-bidi-font-weight: normal;"></strong></span><span style="font-family: Times New Roman; font-size: small;"> </span></p><p><span style="color: windowtext; font-size: 10pt; mso-fareast-font-family: &quot;Times New Roman&quot;; mso-ansi-language: ES; mso-fareast-language: ES;"><span style="font-family: Times New Roman;">La intensificación de la crisis a nivel global, luego de la bancarrota de Lehman Brothers en septiembre del 2008, ha provocado que el actual entorno económico y financiero sea complicado para la economía mundial, el sector financiero a nivel global y para los bancos centrales. </span></span><span style="color: windowtext; font-size: 10pt; mso-fareast-font-family: &quot;Times New Roman&quot;; mso-ansi-language: ES; mso-fareast-language: ES;"><span style="font-family: Times New Roman;"> </span></span></p><p><span style="font-family: Times New Roman; font-size: small;"> </span><span style="color: windowtext; font-size: 10pt; mso-fareast-font-family: &quot;Times New Roman&quot;; mso-ansi-language: ES; mso-fareast-language: ES;"><span style="font-family: Times New Roman;">La actual crisis deriva de muchas causas; no obstante las principales son tres: primero, aspectos macroeconómicos; segundo, la inadecuada regulación de los entes encargados, y tercero, los reguladores estimularon el rápido crecimiento de los derivados en el mercado OTC.</span></span><span style="font-family: Times New Roman; font-size: small;"> </span></p><p><span style="font-family: Times New Roman; font-size: small;"> </span><strong style="mso-bidi-font-weight: normal;"><span lang="EN-US" style="font-size: 10pt; mso-ansi-language: EN-US; mso-fareast-language: ES;"><span style="font-family: Times New Roman;">Abstract</span></span></strong></p><p><span style="font-family: Times New Roman; font-size: small;"> </span><span lang="EN-US" style="color: windowtext; font-size: 10pt; mso-fareast-font-family: &quot;Times New Roman&quot;; mso-ansi-language: EN-US; mso-fareast-language: ES;"><span style="font-family: Times New Roman;">The amplification of the global financial crisis, following the bankruptcy of Lehman Brothers in September 2008, has made the present economic and financial environment a not easy time for the world economy, the global financial system and for central banks. </span></span></p><p><span style="font-family: Times New Roman; font-size: small;"> </span><span lang="EN-US" style="color: windowtext; font-size: 10pt; mso-fareast-font-family: &quot;Times New Roman&quot;; mso-ansi-language: EN-US; mso-fareast-language: ES;"><span style="font-family: Times New Roman;">There are many causes from the recent financial crisis. Main could be three. First, there were macroeconomic components. Second, the inadequate oversight/regulation provided by financial market regulators. And third, federal regulators have actively encouraged the rapid growth of over-the-counter (OTC) derivatives and securities by all types of financial institutions. </span></span></p>