Journal Article

Spotlight: Financial services: Banking within reach of more Mexicans

Abstract: In 2008-09, Mexico was wracked by the global financial crisis, suffering its largest one-year economic contraction since at least the 1930s. But the banking sector withstood the shock and made important strides in one area--bringing previously unbanked households into the financial system. Boosting Mexico's economic development by helping small businesses fulfill their potential depends on improving access to finance and fully linking these engines of economic growth and opportunity to the formal economy.

Keywords: Financial services industry; Finance, Personal; Mexico; Unbanked; Banks and banking;

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2010

Issue: Q4

Pages: 15

Order Number: 4