This diploma thesis concerns with icelandic financial and mostly banking crisis. The first part is dedicated to presentation of Iceland as a state in general. The second part draws an economic development from 2000 to 2008 and consequently describes general causes of the crisis and recognizes them on the annual reports of the Kaupthing Bank. Third part shows the course of the crisis and impact on the regional financial system and institutions. In a closing, the part four deals with development after the crisis.

abstract

This study differs from previous works on the subject because it seeks to prove that the crisis could have been avoided if the European powers had desired to solve the points of difference peacefully.

La Universidad Peruana de Ciencias Aplicadas (UPC) fue sede de la segunda edición del “University Premium Training” organizada por Bloomberg, empresa líder en información financiera y económica a nivel mundial. / El evento, que fue realizado los días 5, 6 y 7 de noviembre en el campus San Isidro, tuvo como objetivo poder reforzar las competencias de los docentes de diversas universidades de Lima que emplean Bloomberg como una herramienta didáctica para la educación y planificación financiera. Esta compañía brinda herramientas de software financiero, como análisis, plataformas de comercio capital y servicios de datos para las empresas quienes deseen consultar información bursátil y financiera en tiempo real. / Además, se contó con la participación de expertos que emplean la herramienta como apoyo para la toma de decisión financiero: Lizzette Lara; especialista en riesgos y derivados, André Lapponi; especialista Senior en Portafolio y Análisis técnico, Pedro Cortejo, CEO-Founder de Decision Capital, entre otros. / Se explica el análisis de las últimas crisis en USA, la estrategia de Warren Buffet, la selección de acciones y portafolio. Ponente: André Lapponi, especialista senior en portafolios y análisis técnico – Bloomberg.

Seminario de Título Ingeniero Comercial, Mención Administración / La medida de riesgo mas popular es Value at Risk (VaR), la cual ha sido criticada fuertemente en el ultimo tiempo por no ser una medida real, debido a que supone normalidad en los retornos. Dado este problema nosotros desarrollamos Extreme Value Theory, para el calculo de VaR y Expected Shortfall (medida de riesgo para eventos extremos), en Matrix Laboratory (Matlab), específicamente para el índice Nasdaq, dándonos dos escenarios de distribución de los retornos, uno de normalidad y otro de DGP (distribución general de pareto). Aquí se aplican los procedimientos planteados en el trabajo realizado por Manfred Gilli y Evis Këllezi, para el calculo de VaR y ES. De lo cual mostramos que el cálculo de VaR asumiendo normalidad en la distribución de los retornos subestima la pérdida potencial para un activo financiero con respecto al VaR obtenido bajo una DGP.

Global catastrophes such as the COVID-19 crisis raise individual and collective anxiety among faith communities. Fears about the well-being of loved ones, grief over the hiatus of corporate worship services, and uncertainty about the sustainability of local churches loom large. A significant challenge surrounding preaching during a pandemic is the need to speak a word to and for this anxiety. But psychotherapists know an important thing about anxiety: it contains no information. It is no more than “a noisy gong or a clanging cymbal,” to use St Paul’s words. To reassure it away from the pulpit is tantamount to colluding with it. What if instead of attempting to soothe away anxiety in troubling times like these, the preacher and the congregation collide head-on with the feeling that resides on the other side of the anxiety? What comes into view then? This paper will bring the central tenets of dynamic psychotherapy to bear on the task of preaching amidst global catastrophe. By relying on how therapists move past anxiety to directly address the deep feelings of patients, we raise ideas for preaching sermons that go past anxiety, fear, and helplessness and steer into the storm of emotions stirring among the faith community.

Embajador Eduardo Ponce (Perú) / Embajadora Beatriz Ramacciotti (Perú) / Embajador Werner Corrales (Venezuela) / Embajadora Rosario Orellana (Venezuela) / Espacio de reflexión y pensamiento en el que se debatirán las semejanzas y diferencias entre la actual situación electoral y política peruana y el contexto histórico desarrollado en Venezuela, a lo largo de los últimos 20 años

Daniel Vivar Rojas (Perú) - Expositor / Ciclo de conferencias con ponentes de reconocidas empresas, quienes compartirán sus conocimientos sobre la gestión de las personas en la actualidad.

Problem: Crisis and crisis preparedness are being increasingly discussed within the business world. Especially now, when the current pandemic triggered maybe the most significant wave of economic downturns the globe is facing ever. Nevertheless, the Manufacturing Industry (MI) was severely impacted due to its dependence on the e.g., supply chain aspect. Therefore, it was interesting to explore how MO’s challenge crisis by investigating how they prepare for a crisis, i.e., crisis preparedness. A review of the topic within the scientific papers shows a lack of knowledge regarding crisis preparedness within MO’s. Purpose: This thesis aimed to increase how MO’s prepare for a crisis and explore what measures (actions) they use to prepare for a crisis. Method: This thesis followed a qualitative research approach (inductive) with a multiple case study design approach. The data were collected by three semi-structured interviews with three major organizations, where all the participants had a long experience with crisis management. Later on, the collected data were analyzed thematically (thematic analysis approach). Empirical findings: The empirical findings showed that organizations need to consider four main aspects when building a solid crisis preparation structure. These aspects consist of: (1) careful understanding of the environment the crisis occurred in, (2) possess extensive experience dealing with a crisis, (3) scenarios practices, (4) strong communication and transparency system, and finally (5) fostering crisis preparedness culture within the organization. All these aspects/skills must be acquired within the crisis management team (CMT). However, the communication aspect stood out more than the other aspects, which indicate the importance of communication within the organization. Contribution: This thesis contributes theoretically by emphasizing the essentiality of the communication aspect and its positive impact on a crisis preparedness process within organizations. Likewise, from a managerial perspective, this thesis suggests that organizations should implement a crisis communication hub, where all departments within an organization possess all necessary tools to help them survive any crisis through an effective communication system. / <p>Confidential</p>

Background: Organizations are constantly going through inevitable changes due to global crises that risk the organization's existence. Crisis management work is thus an important process that refers to how these crises are handled. Leadership is an important component during crisis situations as the leader's role determines what the crisis management work looks like and how effective it is. With the help of leadership skills and competencies, the leader can succeed in crisis management in a productive way. Purpose: The purpose of the study is to investigate and create a deeper understanding of how leaders handle organizational crises that arise because of global crises and the importance of different leadership competencies that are fundamental in crisis management. Method: The study follows an interpretivist paradigm and refers to the phenomenon of organizational crises and leadership. The study is based on the qualitative research method and has a deductive approach. Literature and scientific articles form the basis of the study's theoretical frame of reference. The empirical material of the study is based on five semistructured interviews with the CEO from different niche banks. Conclusion: Leadership is an important and crucial factor that affects crisis management in the organization when a crisis occurs. The leader's role is fundamental in how crises are handled, which leads on to crisis management. Crisis management efficiency depends on leadership skills and behavior that the leader chooses to have in order to adapt to the ongoing crisis. It is essential to possess leadership skills that can be applied during crisis situations and lead to effective crisis management. Furthermore, leaders can choose what behavior they have towards the crisis, which is also decisive for how the crisis is handled and how the results ofthe crisis management emerge.