You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
026$,&2 '( ,148,(78'(6 /D 0XHUWH 0tVWLFD<br />
(O &ULVWR \ VX PHQVDMH<br />
1RPEUHV GHO &ULVWR HQ RWURV WLHPSRV $QWXOLR $QILyQ 1XP~ $EHO .ULVKQD %XGD<br />
=RURDVWUR -HV~V GH 1D]DUHWK $OJXQRV DXWRUHV WDPELpQ LQFOX\HQ D 6HP -DFRE 0RLVpV<br />
+HUPHV MXQWR D RWURV QRPEUHV<br />
(Q OD SUy[LPD YHQLGD (O &RUGHUR GH 'LRV $*186 '(, HO &ULVWR HQ 0DMHVWDG<br />
1R HV SRVLEOH OD YHQLGD GH PXFKRV &ULVWRV<br />
DO PLVPR WLHPSR 3XHGHQ KDEHU -XDQHV<br />
%DXWLVWDV (OtDV 'DQLHOHV R (]HTXLHOHV<br />
SHUR &5,6726 6Ï/2 812<br />
(Q FDGD XQD GH ODV YHQLGDV GHO &ULVWR VX<br />
PHQVDMH KD VLGR VLHPSUH HO PLVPR 1XQFD<br />
HO &ULVWR GHMDUi GH KDEODU GHO SHUGyQ \ GH<br />
OD KHUPDQGDG -DPiV HO &ULVWR FDPELDUi VX<br />
PHQVDMH GH $0$5 < 3(5'21$5 D ORV<br />
TXH QRV RIHQGHQ 1XQFD HO &ULVWR GHMDUi GH<br />
SURFODPDU /$ *5$1'(=$ '(/<br />
3$'5(<br />
&XDQGR YHQJD XQ FULVWR GLFLHQGR TXH pO HV<br />
PHMRU TXH pO WLHQH WRGD OD JORULD HO WDO<br />
FULVWR VHUi IDOVR GH SULQFLSLR D ILQ<br />
/RV &ULVWRV ORV YHUGDGHURV KDQ VLGR<br />
SLHGUDV GH IXQGDPHQWR 6HU URFD GH<br />
IXQGDPHQWR HV VHU XQ SHOGDxR HQ OD<br />
FRQVWUXFFLyQ XQ DQGDPLR XQ VRSRUWH VLQ<br />
OD FXDO OD FRQVWUXFFLyQ QR HV SRVLEOH 6L D<br />
WDO SHOGDxR R DQGDPLR OH GLHUD SRU<br />
UHSUHVHQWDUVH FRPR HO SURSLR FRQVWUXFWRU<br />
SHUGHUtD HO VHQWLGR SXHV HO DQGDPLR<br />
FXPSOH OD PLVLyQ GH VHU XQ LQVWUXPHQWR HQ<br />
ODV PDQRV GHO FRQVWUXFWRU<br />
3RU HOOR HO PHQVDMH GHO FRQVWUXFWRU SUHFLVD GH ODV URFDV GH IXQGDPHQWR SUHFLVD GH ORV<br />
DQGDPLRV VLQ ORV FXDOHV HO PHQVDMH QR SXHGH GDU OD SURIXQGLGDG QL WDPSRFR WHUPLQDUtD OD<br />
REUD 2 HQ HO SHRU GH ORV FDVRV VHUtDQ REUDV PXHUWDV DERUWDGDV GHVGH HO SULQFLSLR SXHV QDGD<br />
VH FRQVWUX\H VL QR HV SRU OD IXHU]D GH XQD 92/817$' \ HO FRQVWUXFWRU HQ HVWH FDVR QR HV<br />
RWUR 48( (/ 3$'5( 81,9(56$/<br />
(V SRU HOOR TXH XQ PHQVDMH TXH FRQVWUX\H HV XQ 9(5'$'(52 0(16$-( 8Q PHQVDMH TXH<br />
VH HQFDUQD (6 81 9(5'$'(52 0(16$-( 8Q PHQVDMH TXH GD HVWUXFWXUD \ HVWi IXQGDGR<br />
QR HQ SDUDGLJPDV VLQR HQ YHUGDGHV DUTXHWtSLFDV HQ SULQFLSLRV XQLYHUVDOPHQWH FRQRFLGRV HV<br />
XQ YHUGDGHUR PHQVDMH<br />
0XFKRV VH DIDQDQ SRU VHU FULVWRV SRU VHU PHQVDMHURV SRU VHU SRUWDYRFHV GH OD 'LYLQLGDG 0DV<br />
UHDOPHQWH DO DQDOL]DU OD SURIXQGLGDG GH VXV PHQVDMHV VH TXHGDQ SHUGLGRV HQ HO IRUPDOLVPR HQ<br />
HO ULWXDOLVPR HQ HO GRJPDWLVPR HQ ORV SHQVDPLHQWRV VXEMHWLYLVWDV GHO FUH\HQWH IDQiWLFR<br />
6DPDHO $XQ :HRU WHQtD \ WLHQH (/ 9(5%2 '( 252 SUHFLVR SDUD KDFHUQRV GHVSHUWDU 8QD<br />
VROD GH VXV REUDV ELHQ OHtGD \ FRPSUHQGLGD SXHGH GDUQRV HO GHVSHUWDU SXHGH GDUQRV<br />
WHVWLPRQLR GH OD YHUGDGHUD VLWXDFLyQ UHDO TXH FDGD XQR GH QRVRWURV FDUJDPRV
Change language