ISSN: 1870-1442

:: Number 30 (May - August 2018)


The Federal Reserve (Fed) of the United States has continued to raise its reference rate. In June 2015 it was parked at 0.25%. By March 3, 2018, it was at 1.75%, rising to 2% in June 2018, thereby reaching 2004 levels.



The true meaning of austerity as
a lethal threat against society
Alain Parguez

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Deflation and cryptocurrencies
Wesley C. Marshall

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China in financial globalization
Julio Sevares

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Sovereign debt and international arbitration
institutions: The lawsuits against Argentina
José Fernández Alonso

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Accumulation and financialization in the Mexican automotive industry
Aurora Marcial Flores
Samuel Ortiz Velázquez

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OLA FINANCIERA, Vol. 11 No. 30,    May-August 2018, is a quarterly publication, with international arbitration, edited by Universidad Nacional Autónoma de México by Instituto de Investigaciones Económicas, Ciudad Universitaria, Circuito Mario de la Cueva s/n, Ciudad de la Investigación en Humanidades, Coyoacán, C.P. 04510, México, D.F. Tel.+52 (55) 5623-0131, and Faculty of Economics, Ciudad Universitaria, Circuito Interior s/n, Coyoacán, C.P. 04510, México, D.F., www.olafinanciera.unam.mx, ola.financiera.unam@gmail.com Editor in charge: Dr. Sergio Cabrera Morales. Reservation of Rights to Exclusive Use: 04-2013-050912324700-203, ISSN electronic: 1870-1442. Responsible for the last update of this issue, Ing. Jesús Garrido López, Circuito Mario de la Cueva s/n, Ciudad de la Investigación en Humanidades, Ciudad Universitaria, Coyoacán, C.P. 04510, México D.F. date of last modification, January 8, 2018.

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