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Promesa, Puerto Rico’S Recipe For Disaster, Cristina M. Corujo Oruña

Capstones

PROMESA was signed with the purpose of helping the island’s economy recover from its crippling indebtedness. But three years later, the law has caused financial and social instability. Although, PROMESA grants Puerto Rico the right to file for bankruptcy, the effects of the law are worsening the island’s situation. Austerity measures, high costs, migration and a deeper economic recession are drowning the island.

Link to Capstone: https://medium.com/@cristina.oruna/promesa-puerto-ricos-recipe-for-disaster-1eadde7b6719

Broken Promesa: Puerto Rico Sinks, But The Life Rafts Can’T Save Everyone, Nico A. Grant

Capstones

Puerto Rico is in the midst of an economic calamity. The U.S. Territory faces a $73 billion debt, an economy on a downward spiral and hemorrhaging population numbers. In response, the U.S. Congress passed the PROMESA Act, which includes an oversight board to control Puerto Rico’s finances. But this purported pathway to prosperity won’t revitalize the Caribbean island.

As the board’s austerity measures fail to turn the economy around, ordinary Puerto Ricans are peddling to resurrect the island’s private sector. These stories from Puerto Rico illustrate the pain of economic decay and the hope that new technology can make a …

What Is The Impact Of Interest Rate Levels On Banks’ Openness To Risk?, Nathalie Schmidt

Dissertations and Theses

This research paper deals with the impact of interest rate levels on banks’ openness to risk. There are several interest rates in the economy, which have different impacts of banks profit situations. This makes it necessary for banks to come up with the right strategy to ensure financial profitability. This research paper intends to find out the correlation between interest rate levels and risk behavior. An all-time low interest rate level characterizes the current situation in the economy. This situation deals as the focus of this research project. It makes business for financial institutions much harder compared to high interest …

Creative Economy As A Path To Economic Development For Africa: Cases Of Nollywood In Nigeria And Women's Gold In Bukina Faso, Rebecca Moudio

Dissertations and Theses

No abstract provided.

Political Choice And Economic Crisis In Brazil: A Case Of Mismanagement Of Public Money, Evellyn Brasil Monteiro

Dissertations and Theses

A few years ago, Brazil was the country where everybody would like to invest. Because it was one of the members of the BRIC, group of emergent countries with fast-growing economies including also Russia, India and China that gave the investors warranties that those investments would be successful. The current situation is very different from the one pictured not too long ago. High interest rates, high inflation, undervalued currency, and international political scandals describe the very serious economic crisis the country has been facing recently, making the economic growth forecast decrease. In 2013, the variation of Gross Domestic Product (GDP) …