Financial Integration and Foreign Banks in Latin America: How Do They Impact the Transmission of External Financial Shocks?

This paper explores the impact of international financial integration on credit markets in Latin America, using a cross-country dataset covering 17 countries between 1996 and 2008. It is found that financial integration amplifies the impact of international financial shocks on aggregate credit and interest rate fluctuations. Nonetheless, the net impact of integration on deepening credit markets dominates for the large majority of states of nature. The paper also uses a detailed bank-level dataset that covers more than 500 banks for a similar time period to explore the role of financial integration—captured through the participation of foreign banks—in propagating external shocks. It is found that interest rates charged and loans supplied by foreign-owned banks respond more to external financial shocks than those supplied by domestically owned banks. This does not hold for all foreign banks. Spanish banks in the sample behave more like domestic banks and do not amplify the impact of foreign shocks on credit and interest rates.Foreign Banks, Credit, Interest Rates, Financial Shocks

Diseño de una maquina centrifuga para limpieza de aceites usados

En la arquitectura y desarrollo de este proyecto se mostrara los procesos del sistema en la parte mecánica, electrónica y de software seleccionados para la investigación y solución de la misma. Se planteara el problema, la metodología usada, objetivos, justificación y alcances del proyecto. En la búsqueda de la separación de componentes en elementos líquidos o semilíquidos homogéneos, se ha estudiado diferentes métodos que ayuden a suplir esta necesidad. Al ver como un cuerpo que gira rápidamente sobre un eje tiende alejarse del mismo, se observa la posibilidad utilizar este principio en la separación de mezclas. Se estudió entonces la fuerza centrífuga y la creación de un mecanismo capaz de producir grandes cantidades de esta fuerza con el fin de realizar separaciones en mezclas que hallan en los líquidos. Inicial mente se usó utilidad de las maquinas centrifugas en procesos de tratamientos en las azucareras con el n de extraerse hasta más mínima partícula de la caña de azúcar.Pregrad

Beyond Standard Model Physics: At the Frontiers of Cosmology and Particle Physics.

I begin to write this thesis at a time of great excitement in the field of cosmology and particle physics. The aim of this thesis is to study and search for beyond the standard model (BSM) physics in the cosmological and high energy particle fields. There are two main questions, which this thesis aims to address: 1) what can we learn about the inflationary epoch utilizing the pioneer gravitational wave detector Adv. LIGO?, and 2) what are the dark matter particle properties and interactions with the standard model particles?. This thesis will focus on advances in answering both questions.PHDPhysicsUniversity of Michigan, Horace H. Rackham School of Graduate Studieshttp://deepblue.lib.umich.edu/bitstream/2027.42/120687/1/aolopez_1.pd