In 2003 Dominican Republic went through the biggest economic crisis in our history. A massive fraud involving Baninter, the country´s second largest bank, produced a general crisis. The damage to the economy was immense; People started referring to it as the hole generated by Baninter. High executives of this bank were laundering money and setting an important part of the income that it perceived in deposits into an external system or a parallel bank that they had created. The scandal was huge and the damage to the economy was even bigger, this was all that could be seen or heard in the media all over the island.
This was the biggest event since Dominican dictator Rafael Leonidas Trujillo "paid" the external debt in 1940, which also turned …show more content…
We lived through a rough patch, scarcity of food and all of that because of a few executives decided to play with people´s money not caring what it could do to the rest of us. I saw Economics and finances under a whole new light, and ever since these topics have held appeal to me, still it pains me to admit that I am now not so different from my 11 year old self in terms of knowledge and understanding of national financial management, which is why I´ve opted to apply for your program. I believe I have the necessary interest to get the best out of these master´s degree and hopefully one day contribute to my country and maybe even help to prevent such scenarios from repeating.
I chose the UK because I believe it has a different idea of how things should be done, it has had a strong and stable economy amounting to have one of the strongest currencies, this hits close to home, since the Dominican peso drops everyday, these all may seem like naïve reasons but I think I can start something that may lead to a change in my country, and I believe these tools are up for grabs in
This was the biggest event since Dominican dictator Rafael Leonidas Trujillo "paid" the external debt in 1940, which also turned …show more content…
We lived through a rough patch, scarcity of food and all of that because of a few executives decided to play with people´s money not caring what it could do to the rest of us. I saw Economics and finances under a whole new light, and ever since these topics have held appeal to me, still it pains me to admit that I am now not so different from my 11 year old self in terms of knowledge and understanding of national financial management, which is why I´ve opted to apply for your program. I believe I have the necessary interest to get the best out of these master´s degree and hopefully one day contribute to my country and maybe even help to prevent such scenarios from repeating.
I chose the UK because I believe it has a different idea of how things should be done, it has had a strong and stable economy amounting to have one of the strongest currencies, this hits close to home, since the Dominican peso drops everyday, these all may seem like naïve reasons but I think I can start something that may lead to a change in my country, and I believe these tools are up for grabs in