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 INTERNATIONAL FINANCES

TITLE:  The coming recession and its effects

AREA: International Finances

CITATION:
Romans, C. (2022, 27 octubre). Don’t expect the bounce-back in the US economy to quiet recession calls. CNN.

https://edition.cnn.com/2022/10/27/economy/recession-obsession-econ-analysis/index.html

URL:  https://edition.cnn.com/2022/10/27/economy/recession-obsession-econ-analysis/index.html

PERSONAL COMMENTS (200-250 words)  In this document we were able to learn what the economic environment
of the world powers looks like, we were able to see what is expected for
▪ What did you learn from the study?  the year 2023 and the impact that the recession could have in various
▪ How might you apply the information  countries, as well as how a rate hike is expected in the United States and
in your academic training?  the large amount of unemployment that is coming. Many of these
economic conflicts have developed in principle due to the pandemic, but
▪ How this study relate to your field of 
have ended up developing due to the war between Russia and Ukraine,
preparation? 
which has been one of the main factors for these economic crises to gain
strength, countries like Mexico do not see themselves outside of these
conflicts since a drop in its gross domestic product is expected due to the
fact that imports and exports are also expected to drop, even so it is
believed that the recession will not last long and that soon we will be
able to get out of it countries of the American continent although for
Very violent economic landings are expected on the Asian and European
continents due to the armed conflict that is taking place at the moment
and due to the current threats from North Korea, without a doubt we can
say that this 2023 will surprise us more than previous years. But we must
conclude positively, we hope that the take-off of our economy will be
smooth and we can return to a normal economy by 2024 and that many
countries can also achieve a stable economy.
SUMMARY  This study was carried out in order to know the economic trends that are
INTRODUCTION (1-3 sentences)  expected for 2023. These economic trends can dictate several data that
▪ give a brief introduction to give the ne are very important to be able to manage our economy and know what
cessary  background to the study and  effects we are going to face during the next quarters of the coming year.
We also know what the economic outlook is for countries like Europe,
state its purpose. 
where very serious effects are expected within its economy, or, for
▪ Why was the study conducted? 
example, the United States, where rate hikes are expected.
▪ What was it about?
   During the study, various countries including the United States, Mexico
PROCEDURES (3-5 sentences)   and China were used as subjects, and the European continent was also
▪ describe the specifics of what this  seen on a large scale. The study measured the rise in the interest rate, in
study involved which it was concluded that the rise in rates would lead to a reduction in
the economic rhythm and could even cause a recession. Even some
▪ Who were the subjects? 
countries are already experiencing the recession and this instead of being
▪ What was measured? 
a hypothesis, it is already a case that we are experiencing today.
▪ What was being compared?  It was also measured what the conditions are for an economic landing if
this landing will be soft or if the threat of a violent landing persists, for all
these data there are several consequences such as unemployment, rate
hikes, drop in GDP, financial crisis among many more aspects that can
surround a financial crisis, all this accompanies currencies to be worth
less and products to be worth more, developing an environment of
difficult social development.
FINDINGS(3-5 sentences)  This study can help us in many things, knowing the interest rates, the
▪ Discuss the major findings and resu inflation that is expected, the recession if it will have a strong impact or
lts.  how long it will take us to recover are very important factors to know
▪ How useful or significant is this?  after going through the recession. how we can reactivate our economies
or in what ways we have to prepare for these economic events, the
▪ What did the author say about it? 
author of this document tells us that it is a fact that we will experience a
rise in rates and a recession, with how close the war is, these issues grow
more and every day we see them more reflected in our lives.

CONCLUSIONS (3-5 sentences) 
▪ Summarize the researcher’s
conclusions.  economic environment is being managed, now we know that all nations
▪ What was the major outcome of th
e study? 
The result of this research was to learn more about how the world
are aware of the economic problem that we will be experiencing and
plans are being developed to make this recession as hard as possible.
plans for after the recession to be able to take off the economy again and
not get stuck, without a doubt the issue of the economy is something
that we would all like to know since each person affects us to a greater or
lesser extent.
Lexicon: (10 words) 1.Recession (recesión): a period of temporary economic decline during
which trade and industrial activity are reduced, generally identified by a
fall in GDP in two successive quarters.

2.Economic (economico): of, relating to, or based on the production,

distribution, and consumption of goods and services

3.Doubt (duda): a feeling of uncertainty or lack of conviction.

4.Affects (afecta): have an effect on; make a difference to.

5.War (guerra): a state of armed conflict between different nations or

states or different groups within a nation or state.

6.Reactivate (reactivar): restore (something) to a state of activity; bring

back into action.

7.Measured (medido): compare a selected unit of measurement with the

object or phenomenon whose physical magnitude is to be measured,

8.Rhythm (ritmo): a particular type of pattern formed by rhythm.}

9.Developing (en desarrollo): growing and becoming more mature,

advanced, or elaborate.

10.Outlook (perspectiva): a person's point of view or general attitude to

life.

Student’s name: ERIK LEONARDO DOMINGUEZ CARRANCO ARTICLE Nº: 1

TITLE:  Santander chief Botin set to lead banking lobby group IIF

AREA: International Finances

CITATION: Reuters. (2022, 13 octubre). Santander chief Botin set to lead banking lobby group IIF.

https://www.reuters.com/business/finance/santander-chief-botin-set-lead-banking-lobby-group-

iif-2022-10-13/

URL:  https://www.reuters.com/business/finance/santander-chief-botin-set-lead-banking-lobby-group-
iif-2022-10-13/

PERSONAL COMMENTS (200-250 words) 

It seems to me a wise decision to choose the businesswoman and
▪ What did you learn from the study?  banker Ana Patricia Botín-Sanz since she is a woman with considerable
▪ How might you apply the information i experience and a woman who has achieved many things, we could say
that her experience and knowledge will play a key role in her direction.
n your academic training? 
To be quite successful, I think she will be able to do an amazing job in
▪ How this study relate to your field of  the organization as well as its current president. This will go down in
preparation?  history as the first female president at the institute of international
finance and I hope that this is a start for more women to continue
joining economic and social movements that can also present new
reforms to the market to make the economy and the world in general is
a much more egalitarian and inclusive place for all people since today,
although we have reformed ourselves so that women and marginalized
groups can have a place in high command of different sectors, we still
have to continue fighting for this to be become something more
common and be able to present people who with a new vision can open
the panorama so that more people can join various movements.

I could not say anything more than that I am quite proud of this news
and that I hope the best possible for the direction of Mrs. Ana Botín

SUMMARY  The president of Banco Santander, Ana Botín, was unanimously

INTRODUCTION (1-3 sentences)  appointed this Thursday as president of the Institute of International
▪ give a brief introduction to give the nec Finance (IIF, in English) and thus became the first woman to lead the
essary  background to the study and  world association of the financial industry. This becomes a big step for
the president adding another achievement to her life and becoming the
state its purpose. 
most influential woman among the world's financial leaders.
▪ Why was the study conducted? 
▪ What was it about?
  For the decision of the presidency for who will lead the international
PROCEDURES (3-5 sentences)   bail bonds institute, it was carried out through a vote of the board of
▪ describe the specifics of what this  directors where they decided that Botín will succeed Axel Weber, who
concludes his term as president at the end of the year, and will begin
 study involved his presidency in January 2023, coinciding with the 40th anniversary of
▪ Who were the subjects?  the IIF, which will be held in a forum in which representatives of
▪ What was measured?  Governments or institutions participate, including the Spanish Vice
▪ What was being compared?  President of the Government and Minister of Economic Affairs, Nadia
Calviño, and the President of the Central Bank European (ECB), Christine
Lagarde
FINDINGS(3-5 sentences)  That it was decided that Ana Botín will be the new president for the
▪ Discuss the major findings and result international finance institute was not a decision taken lightly since
s.  Mrs. Ana Botín is a Spanish banker, president of Banco Santander and
▪ How useful or significant is this?  serves as director of administration of the Coca-Cola company , in
addition to highlighting the annual ranking of the most important
▪ What did the author say about it? 
businesswomen in Europe and being on the list of the hundred most
powerful women in the world by Forbes Magazine, in addition to having
the title of Order of the British Empire awarded by Queen Elizabeth II

CONCLUSIONS (3-5 sentences)  In conclusion, we were able to observe the trajectory of Mrs. Ana Botín
▪ Summarize the researcher’s and we can conclude that the decision made by the committee of the
conclusions.  Institute of International Finance has been a magnificent decision since
▪ What was the major outcome of the  they have shown us that the multimillionaire Ana Botín has well
deserved the presidency within the rabbit and It will be a very
study? 
important complement that I hope can be developed in an impressive
way, as it has been done in many other companies that he has managed
in the financial world.
Lexicon: (10 words) 1. Knowledge (conocimiento): facts, information, and skills acquired by
a person through experience or education; the theoretical or practical
understanding of a subject.
2. Successful (exitoso): accomplishing an aim or purpose.
3. Egalitarian (igualitario): relating to or believing in the principle that all
people are equal and deserve equal rights and opportunities.
4. Inclusive (inclusivo): including or covering all the services, facilities, or
items normally expected or required.
5. Achievement (logro): a thing done successfully, typically by effort,
courage, or skill.
6. Financial (finanzas): the finances or financial situation of an
organization or individual.
7. Highlighting (resaltar): pick out and emphasize.
8. Magnificent (magnifico): impressively beautiful, elaborate, or
extravagant; striking.
9. Administration (Administracion): the arrangements and tasks needed
to control the operation of a plan or organization
10. Concludes (concluye): bring (something) to an end.
Student’s name: Erik Leonardo Dominguez Carranco ARTICLE Nº: 2

TITLE: 
AREA: International Finances

CITATION:

URL: 
PERSONAL COMMENTS (200-250 words) 

▪ What did you learn from the study? 
▪ How might you apply the information 
in your academic training? 
▪ How this study relate to your field of 
preparation? 

SUMMARY 
INTRODUCTION (1-3 sentences) 
▪ give a brief introduction to give the ne
cessary  background to the study and 
state its purpose. 
▪ Why was the study conducted? 
▪ What was it about?

 
PROCEDURES (3-5 sentences)  
▪ describe the specifics of what this 
study involved
▪ Who were the subjects? 
▪ What was measured? 
▪ What was being compared? 
FINDINGS(3-5 sentences) 
▪ Discuss the major findings and resu
lts. 
▪ How useful or significant is this? 
▪ What did the author say about it? 

CONCLUSIONS (3-5 sentences) 
▪ Summarize the researcher’s
conclusions. 
▪ What was the major outcome of th
e study? 

Lexicon: (10 words)

Student’s name: Erik Leonardo Dominguez Carranco ARTICLE Nº: 3

TITLE:  NIFs and their use within the Mexican legal system
AREA: Accounting

CITATION: . (10/Marzo /202). NIFs and their use within the Mexican legal system. Bosques de

Tabachines 44 Fracc. Bosques de las Lomas 11700. Ciudad de México Recuperado de

https://contaduriapublica.org.mx/2022/10/03/las-nif-y-su-uso-dentro-del-sistema-juridico-

mexicano/

URL:  https://contaduriapublica.org.mx/2022/10/03/las-nif-y-su-uso-dentro-del-sistema-juridico-mexicano/
PERSONAL COMMENTS (200-250 words) 
Thanks to this article, which is about the NIF, I learned how important
▪ What did you learn from the study?  they are and how I can apply them, since thanks to the NIF they are a set
▪ How might you apply the information  of normative statements that describe how the information is presented
in your academic training?  in the financial statements for periods of time and how we see today the
▪ How this study relate to your field of  nif has had a value since it is, therefore, a mandatory code, both for
preparation?  individuals and for legal entities in any operation of a tax nature.

The application of the FRS is important to know when an accounting

record must be made derived from the events that have occurred in the
entity, the valuation of the operations (Valuation standards), how to
present the information within the financial statements ( presentation)
and the way in which the information should be disclosed, according to
 each circumstance (Disclosure Standards).
The NIF is due to the fact that they structure the accounting theory, in
this way they establish limits and conditions of operation of the
accounting information system; They also serve as a regulatory
framework for the issuance of financial statements, making the process
of preparing and presenting financial information on economic entities
more efficient, avoiding discrepancies in criteria that may result.

SUMMARY  In this part we will talk about the NIF and how it applies in accounting
INTRODUCTION (1-3 sentences)  and its importance.
▪ give a brief introduction to give the ne This study was carried out since many do not know the importance or in
cessary  background to the study and  what it applies the NIF and with that we want to get them to know how
to apply it since in accounting it is important since they serve to structure
state its purpose. 
accounting theory and allow limits to be established and offer a
▪ Why was the study conducted? 
framework regulation for the presentation and issuance of financial
▪ What was it about? information.
.

 
PROCEDURES (3-5 sentences)  
▪ describe the specifics of what this 
study involved
▪ Who were the subjects? 
▪ What was measured? 
▪ What was being compared? 
FINDINGS(3-5 sentences) 
▪ Discuss the major findings and resu
lts. 
▪ How useful or significant is this? 
▪ What did the author say about it? 

CONCLUSIONS (3-5 sentences) 
▪ Summarize the researcher’s
conclusions. 
▪ What was the major outcome of th
e study? 

Lexicon: (10 words)

Student’s name: Alan Escalón Alanis ARTICLE Nº: 1