Analysis of the Ecuadorian financial system as a training process for students of administrative careers at UTEQ

Abstract

The economic environment is for the governments of great importance and therefore must take action to enable control all the factors that affect the environment, is composed of different macroeconomic elements as are GDP, Inflation, Interest Rates among others, within these, an area of importance is the financial system that is run by the liquidity of medium and means of financing, it helps formalize the economy and facilitates trade and production. The existence of a sound and solvent financial system is important for economic growth, helping to formalize the economy and facilitates trade and production. Banks in Latin America is evolving, incorporating practices in favor of the pursuit of efficiency, integrity and transparency to respond adequately to stakeholders, ensuring a comprehensive and socially responsible organizational ethical behavior. A new profile banking efficient and timely delivery of financial segments that traditionally have not had access to commercial bank credit services stands. In June 2002, the Banking Board approved the first rules of microfinance in Ecuador, by Resolution 457, thus promoting the development of microfinance by private institutions and then with public banks (National Financial Corporation and National Development Bank), with subsidized rates. Today is the leading private banking microcredit; since 2001 has generated an explosion in microfinance, new benches, new networks, new microfinance, among others. The current microcredit is an alternative for banks to place the high-flow deposit resources are not consumed by big business. Increased access of low-income population to financial services and the inclusion of the population in the formal financial system contributes to poverty reduction and development of economies and must be fermented educational processes in society empowering students in schools