Costa Rican financial system entities behavoir during 2008 world economic crisis.
Main Article Content
The 2008 world economic crisis became one of the most important and globally impacting events of the last decades. Despite having a specific territorial origin, this phenomenon had a major global impact. The present article analyzes the performance of one of the main economic components, which is the financial system, particularly the Costa Rican financial system, throughout the aforementioned economic phenomenon. To explain such performance, it is important to go into detail on the financial and accounting procedures of each of its entities, in order to determine its behaviors and evolution before, after, and mainly, throughout the duration of this financial crisis. The proposed financial analysis was developed following an approach based on data analysis at a granular level (extractions, processing, and visualization), subsequently grouped through a cluster generation and characterization. The implementation of this methodology allowed to determine the actual duration of the effects of such financial crisis, and the mitigation strategies that were implemented against its effects and cyclical behavior (with predictive characteristics) of the overall observed financial entities.
The digital version of the journal is registered under the BY-NC-ND 4.0 Creative Commons license. Therefore, this work may be copy and redistribute the material in any medium or format, as long as you give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
The authors keep the copyright and give the journal the right of the first publication and the possibility of editing, reproducing, distributing, exhibiting and communicating in the country and abroad through printed and electronic means. On the other hand, the author declares to assume the commitment on any litigation or claim related to the rights of intellectual property, exonerating of responsibility to the Business School of the Costa Rica Institute of Technology.