Network analysis of exchange data: Interdependence drives crisis contagion

In this paper we detect the linear and nonlinear co-movements presented on the real exchange rate in a group of 28 developed and developing countries that have suffered currency and financial crises during 15 years. We have used the matrix of Pearson correlation and Phase Synchronous (PS) coefficients and an appropriate metric distance between pairs of countries in order to construct a topology and hierarchies by using the Minimum Spanning Tree (MST). In addition, we have calculated the MST cost and global correlation coefficients to observe the co-movements dynamics along the time sample. By comparing Pearson and phase synchronous information we address a new methodology that can uncover meaningful information on the contagion economic issue and, more generally, in the debate around interdependence and/or contagion among financial time series. Our results suggest some evidence of contagion in the Asian currency crises but this crisis contagion is due to previous and stable interdependence.econophysics, linear co-movements, phase synchronous co-movements, MST, interdependence and contagion

Economic growth and currency crisis: A real exchange rate entropic approach

We propose a country classification of economic growth currency crisis consequences based on the entropic analysis of the real exchange rate. We show that this ranking is highly correlated with the annual minimum rate of growth, a proxy used to quantify real currency crisis effects.currency crises; entropy; growth effects of currency crises

ARE EXPORTS CAUSING GROWTH? EVIDENCE ON INTERNATIONAL TRADE EXPANSION IN CUBA, 1960-2004

Economic development in Cuban economy in the last 50 years has been involved in the so called socialist revolution time. In the external sector, the COMECON arrangements have determined its international specialization trade pattern and balance of payments position until 1989. When the Berlin Wall fell down, Cuban economy collapsed showing the malfunctions of the previous external regulated period. In this paper, we analyzed the role of exports as an engine of economic growth in Cuba considering essential events in its commercial policy-making in the long period from 1960 to 2004. Our results show that the export led growth (ELG) hypothesis is not an appealing phenomenon. Causality proofs on the basis of error correction and augmented level VAR modellings show the imperious necesssity to import for the Cuban development. The inclusion of imports not only evidences the weakness in the feedback and interrelation between economic growth and exports but also their expansion has been precisely causing growth in most of the considered periods.Cuba, Export-led Growth, commercial agreements effects, cointegration, causality, error correction and augmented VAR modelling

Propuesta de un programa de educación para la salud para familiares de niños con trastorno del espectro autista

En el siguiente trabajo se describe brevemente el Trastorno del Espectro Autista, y propone el diseño y desarrollo de un Programa de Educación para la Salud orientado a los padres de niños con autismo. Con la creación de este programa se pretende la formación de los padres en conocimientos y habilidades en el cuidado de sus hijos. Así mismo, el presente diseño de un Programa de Salud puede servir para implementar intervenciones de enfermería en el ámbito familiar de los pacientes con autismo y fomentar la función docente de enfermería.Departamento de EnfermeríaGrado en Enfermerí

Rehabilitación de los barrios Trinidad y Perchel

El artículo analiza el proceso de rehabilitación de los barrios malagueños de Trinidad y Perchel desde finales de los años setenta hasta la actualidad. El caso es destacable en el panorama de la rehabilitación urbana en España por tratarse de una experiencia pionera que contribuyó a establecer las formas de actuación que se consolidarían años más tarde, y por mostrar, al tratarse de un caso de larga duración, los aciertos y errores de un proceso tan complejo

Exchange rate policy and trade balance. A cointegration analysis of the argentine experience since 1962.

Using multivariate cointegration tests for non-stationary data and vector error correction models, this paper examines the determinants of trade balance for Argentina over the last forty to fifty years. Our investigation confirms the existence of long-run relationships among trade balance, Real Exchange Rate (RER) and foreign and domestic incomes for Argentina during different real exchange rate management policies. Based on the estimations, the Marshall-Lerner condition is examined and, by means of impulse response functions, we trace the effect of a one-time shock to the RER on the trade balance checking the J-curve pattern.Argentina; Marshall-Lerner; J-Curve; cointegration and impulse response analysis

Rehabilitación de los barrios de Trinidad y Perchel

El artículo analiza el proceso de rehabilitación de los barrios malagueños de Trinidad y Perchel desde finales de los años setenta hasta la actualidad. El caso es destacable en el panorama de la rehabilitación urbana en España por tratarse de una experiencia pionera que contribuyó a establecer las formas de actuación que se consolidarían años más tarde, y por mostrar, al tratarse de un caso de larga duración, los aciertos y errores de un proceso tan complejo

Measuring Globalization: A hierarchical network approach

This paper investigates the business cycle co-movement across countries and regions since the middle of the last century as a measure for quantifying the ongoing globalization process of the world economy. Our methodological approach is based on analysis of a correlation matrix and the networks it contains. Such an approach summarizes the interaction and interdependence of all elements and it represents a more accurate measure of the global interdependence involved in the economic system. Our results show (1) that the dynamics of globalization has been more driven by synchronization in regional growth patterns than by the synchronization of the world economy as a whole in contrast with other empirical works and (2) that world crisis periods increase dramatically the global co movement in the world economy.Globalization, regionalism, correlation matrix, clustering, synchronization