Francisco Mayorga
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Francisco Mayorga
Francisco Mayorga (Born in 1949 in León, Nicaragua) is a Nicaraguan economist and writer who specializes in international finance and economic development. For twenty years he taught managerial economics and corporate finance at INCAE, the leading Latin American graduate business school. In the eighties he served for five years in the board of directors of the Central American Bank (''CABEI''), the largest financial institution of the region. In the eighties, Mayorga also worked for the cause of peace in Central America, acting as Executive Secretary of the International Commission for Central American Recovery and Development (the ''Sanford Commission''). Under the presidency of Violeta Chamorro he served as president of the Central Bank of Nicaragua in 1990, where he launched the monetary reform based on the Cordoba Oro that brought to an end the highest hyperinflation in Latin America. In 1995 he founded Banco del Café de Nicaragua, serving as its President and CEO until th ...
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León, Nicaragua
León () is the second largest city in Nicaragua, after Managua. Founded by the Spanish as Santiago de los Caballeros de León, it is the capital and largest city of León Department. , the municipality of León has an estimated population of 212,504. León is located along the ''Río Chiquito'' (Chiquito River), some northwest of Managua, and some east of the Pacific Ocean coast. León has long been the political and intellectual center of the nation and its National Autonomous University of Nicaragua (UNAN) was founded in 1813, making it the second oldest university in Central America. León is also an important industrial, agricultural, and commercial center for Nicaragua, exporting sugar cane, cattle, peanut, plantain, and sorghum. The city has been home to many of Nicaragua's most noteworthy poets including Rubén Darío, Alfonso Cortés and Salomón de la Selva. History The first city named León in Nicaragua was founded in 1524 by Francisco Hernández de Córdoba about ...
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Latin America
Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived from Latin — are predominantly spoken. The term was coined in the nineteenth century, to refer to regions in the Americas that were ruled by the Spanish, Portuguese and French empires. The term does not have a precise definition, but it is "commonly used to describe South America, Central America, Mexico, and the islands of the Caribbean." In a narrow sense, it refers to Spanish America plus Brazil (Portuguese America). The term "Latin America" is broader than categories such as ''Hispanic America'', which specifically refers to Spanish-speaking countries; and ''Ibero-America'', which specifically refers to both Spanish and Portuguese-speaking countries while leaving French and British excolonies aside. The term ''Latin America'' was f ...
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Nicaraguan Economists
Nicaragua (; ), officially the Republic of Nicaragua (), is the largest country in Central America, bordered by Honduras to the north, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the west. Managua is the country's capital and largest city. , it was estimated to be the second largest city in Central America. Nicaragua's multiethnic population of six million includes people of mestizo, indigenous, European and African heritage. The main language is Spanish. Indigenous tribes on the Mosquito Coast speak their own languages and English. Originally inhabited by various indigenous cultures since ancient times, the region was conquered by the Spanish Empire in the 16th century. Nicaragua gained independence from Spain in 1821. The Mosquito Coast followed a different historical path, being colonized by the English in the 17th century and later coming under British rule. It became an autonomous territory of Nicaragua in 1860 and its northernmost part wa ...
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Nicaraguan Male Writers
Nicaragua (; ), officially the Republic of Nicaragua (), is the largest country in Central America, bordered by Honduras to the north, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the west. Managua is the country's capital and largest city. , it was estimated to be the second largest city in Central America. Nicaragua's multiethnic population of six million includes people of mestizo, indigenous, European and African heritage. The main language is Spanish. Indigenous tribes on the Mosquito Coast speak their own languages and English. Originally inhabited by various indigenous cultures since ancient times, the region was conquered by the Spanish Empire in the 16th century. Nicaragua gained independence from Spain in 1821. The Mosquito Coast followed a different historical path, being colonized by the English in the 17th century and later coming under British rule. It became an autonomous territory of Nicaragua in 1860 and its northernmost part wa ...
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Presidents Of Central Bank Of Nicaragua
President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese full-size sedan * Studebaker President, a 1926–1942 American full-size sedan * VinFast President, a 2020–present Vietnamese mid-size SUV Film and television *''Præsidenten'', a 1919 Danish silent film directed by Carl Theodor Dreyer * ''The President'' (1928 film), a German silent drama * ''President'' (1937 film), an Indian film * ''The President'' (1961 film) * ''The Presidents'' (film), a 2005 documentary * ''The President'' (2014 film) * ''The President'' (South Korean TV series), a 2010 South Korean television series * ''The President'' (Palestinian TV series), a 2013 Palestinian reality television show *''The President Show'', a 2017 Comedy Central political satirical parody sitcom Music *The Presidents (American soul band) *The P ...
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Yale University
Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the world. It is a member of the Ivy League. Chartered by the Connecticut Colony, the Collegiate School was established in 1701 by clergy to educate Congregational ministers before moving to New Haven in 1716. Originally restricted to theology and sacred languages, the curriculum began to incorporate humanities and sciences by the time of the American Revolution. In the 19th century, the college expanded into graduate and professional instruction, awarding the first PhD in the United States in 1861 and organizing as a university in 1887. Yale's faculty and student populations grew after 1890 with rapid expansion of the physical campus and scientific research. Yale is organized into fourteen constituent schools: the original undergraduate col ...
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Central America
Central America ( es, América Central or ) is a subregion of the Americas. Its boundaries are defined as bordering the United States to the north, Colombia to the south, the Caribbean Sea to the east, and the Pacific Ocean to the west. Central America consists of eight countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, and Panama. Within Central America is the Mesoamerican biodiversity hotspot, which extends from northern Guatemala to central Panama. Due to the presence of several active geologic faults and the Central America Volcanic Arc, there is a high amount of seismic activity in the region, such as volcanic eruptions and earthquakes which has resulted in death, injury, and property damage. In the pre-Columbian era, Central America was inhabited by the indigenous peoples of Mesoamerica to the north and west and the Isthmo-Colombian peoples to the south and east. Following the Spanish expedition of Christopher Columbus' ...
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Arnoldo Alemán
José Arnoldo Alemán Lacayo (born 23 January 1946) is a Nicaraguan politician who served as the 81st president of Nicaragua from 10 January 1997 to 10 January 2002. In 2003, he was convicted of corruption and sentenced to a 20-year prison term; the conviction was overturned by the Supreme Court of Nicaragua in 2009. Early life Alemán was born in Managua and received his early education at the La Salle institute in Managua. His father was a prominent lawyer who was an associate of the 1970s Nicaraguan dictator Anastasio Somoza Debayle and served as Somoza's minister of education for a period, and the family owned a large coffee plantation south of Managua. In 1967 he graduated with a law degree from the Universidad Nacional Autónoma de Nicaragua-León with specializations in regional economic integration and financial law. Between 1968 and 1979, he worked as a lawyer in the commercial and banking world. He became an official in the government of Anastasio Somoza Debayle. I ...
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Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ...
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Nicaraguan
Nicaragua (; ), officially the Republic of Nicaragua (), is the largest country in Central America, bordered by Honduras to the north, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the west. Managua is the country's capital and largest city. , it was estimated to be the second largest city in Central America. Nicaragua's multiethnic population of six million includes people of mestizo, indigenous, European and African heritage. The main language is Spanish. Indigenous tribes on the Mosquito Coast speak their own languages and English. Originally inhabited by various indigenous cultures since ancient times, the region was conquered by the Spanish Empire in the 16th century. Nicaragua gained independence from Spain in 1821. The Mosquito Coast followed a different historical path, being colonized by the English in the 17th century and later coming under British rule. It became an autonomous territory of Nicaragua in 1860 and its northernmost part wa ...
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Central Bank Of Nicaragua
The Central Bank of Nicaragua ( es, Banco Central de Nicaragua) is the central bank of Nicaragua. History The bank was established in 1960 and commenced operations on 1 January 1961. Presidents * Francisco Laínez Matamoros, January 1961 - May 1968 * Gustavo A. Guerrero, May 1968 - June 1969 * Roberto Incer Barquero, August 1969 - July 1979 * Arturo Cruz Porras, July 1979 - May 1980 * Alfredo Alaniz Downing, May 1980 - June 1981 *Alfredo César Aguirre, June 1981 - May 1982 * Luis Enrique Figueroa, May 1982 - August 1985 * Joaquín Cuadra Chamorro, August 1985 - April 1990 *Francisco Mayorga, April 1990 - October 1990 * Raúl Lacayo Solórzano, October 1990 - January 1992 * Silvio De Franco Montalván, January 1992 - September 1992 * José Evenor Taboada, October 1992 - January 1997 *Noel Ramírez Sánchez, January 1997 - January 2002 *Mario Alonso Icabalceta, January 2002 - May 2006 *Mario Arana Sevilla, May 2006 - January 2007 *Antenor Rosales Bolaños, January 2007 - Februa ...
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