"Government should intervene whenever they have to"

The president of the El Salvador Stock Exchange explained his vision about the financial crisis in the US and its root causes: lack of efficient supervision.

Monday, October 13, 2008

Rolando Duarte Schalegeter has been the president of the Exchange since 1999. This entity, in which all buying and selling of stock are carried out and the offering of public debt by the Government, is recognized as one of the region's most modern, and has headed the process of integrating regional capital markets along with Costa Rica and Panama.

More on this topic

No Latin American country will be saved from crisis

October 2008

The financial crisis will affect all Latin American countries, despite the fact that they are better position than in the past to withstand it, said Juan Jose Daboub, general director of the World Bank.

Daboub, ex minister of Economy for El Salvador, will be in Panama next week and in his country of origin, where he will participate in the Ibero-American Summit.

Salvadoran stock exchange analyzes financial crisis

October 2008

The global financial crisis and its implications for El Salvador are topics that will be analyzed by Rolando Durate Schlageter, president of the Stock Exchange, on Wednesday 15 October.

The theme of the conference by Duarte will be "The international financial crisis and its implication for El Salvador," and will be held at the Campestre Club at 7:00 a.m.

Nicaragua: Economist recommends State intervention in the economy

September 2008

The State will have to intervene rationally in the economy in order to strengthen the internal market and adopt new social protection measures.

This proposal was made by Roger Cerda, Doctor of Economics, who, upon examining the huge problems that have shaken the main exchanges in the world, explained that in the main economies of the world's major countries the State has intervened in order to reduce the unfortunate effects of these economic storms.

The Lehman effect on El Salvador

September 2008

The Lehman Brothers bankruptcy will not directly affect the Salvadoran financial and stock market, but analysts point to effects on the macro-economy.

The critical session experience on Monday at the New York Stock Market Exchange and the main stock exchanges in Europe, Asia and Latin America, due to the Lehman Brothers bankruptcy and buy out of Merril Lynch, have caused economists and experts to consider the effects and slight repercussions on the Salvadoran economy.

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