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The Effects of contagion during the Global Financial Crisis in Government Regulated And Sponsored Assets in Emerging Markets
The effects of financial contagion during the Global Financial Crisis (GFC) have been extensively studied in the finance literarure. One of the key issues is the devastating effect of the crisis on wealth and asset prices. However, one key difference between this crisis and other crises in the past was the resilience (immunity) or the short term effect of the crisis on emerging markets. Dooley and Hutchison (2009) were the first ones to find evidence in support of the decoupling hypothesis of emerging markets during the early phases of the crisis. Since then the hypothesis have been tested by other researchers (for recent surveys see: Beirne and Gieck, 2014; Koksal and Orhan, 2013).
Machu Picchu
Machu Picchu, recently voted one of the New Wonders of the World, is one of the world's most famous archaeological sites, yet it remains a mystery. Even the most basic questions are still unanswered: What was its meaning and why was it built in such a difficult location? Renowned explorer Johan Reinhard attempts to answer such elusive questions from the perspectives of sacred landscape and archaeoastronomy. Using information gathered from historical, archaeological, and ethnographical sources, Reinhard demonstrates how the site is situated in the center of sacred mountains and associated with a sacred river, which is in turn symbolically linked with the sun's passage. Taken together, these features meant that Machu Picchu formed a cosmological, hydrological, and sacred geological center for a vast region.
Matemáticas financieras en Microsoft Excel. La hoja de cálculo como herramienta de solución de problemas
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