Costa Rican financial system entities behavor during 2008 world economic crisis

Hernán Rojas Blanco ()
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Hernán Rojas Blanco: BukloLab Research & Analytics, Costa Rica

TEC Empresarial, 2017, vol. 11, issue 3, 27-40

Abstract: 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.

Keywords: Cluster; data analysis; financial analysis; financial crisis; financial system (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ris:tecemp:1711

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