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Journal Article
Mexico emerges from 10-year credit slump
Journal Article
The banking sector rescue in Mexico
In Mexico the December 1994 peso devaluation provoked a profound economic downturn in that country and revealed a fragile banking sector. Fearful that the financial system would collapse under a rising level of past due loans, the Mexican government mounted a rescue of the banking sector by intervening in the daily operations of some problem banks while establishing a series of capitalization and restructuring programs available to all banks. ; This article examines Mexico's bank rescue efforts (1995-98) with a particular focus on the role of the deposit insurance fund, the Bank Fund for the ...
Working Paper
Privatization, competition, and supercompetition in the Mexican commercial banking system
Economic Research Working Paper 9904
Working Paper
When does financial liberalization make banks risky? : an empirical examination of Argentina, Canada and Mexico
In the literature on systemic banking crises, two common themes are: (1) lack of market discipline encourages risky lending and (2) financial liberalization or privatization lead to risky lending. However, there is evidence to suggest that neither financial liberalization nor weak market discipline always precedes risky lending. We test for depositor discipline and, separately for post-liberalization or post-privatization risky lending in Argentina, Canada, and Mexico. In the countries without market discipline, lending risk increases significantly in the wake of liberalization. Where ...
Journal Article
Reaching Mexico's unbanked
Banks and the government have mounted a major effort to extend financial services to those without them.
Conference Paper
Reform and liberalization of the financial system in Mexico
Journal Article
Experiments in financial liberalization: the Mexican banking sector
Since the liberalization of its trade in the mid-1980s, Mexico has pursued an aggressive globalization strategy, which today makes it the country with the most free trade agreements in the world. This liberalization strategy has also included the banking sector, particularly since 1997, when all restrictions to the entry of foreign banks were removed. The history of the banking sector in Mexico includes episodes of nationalization in 1982, privatization in 1992, and near-complete failure in 1995. Since then, however, the Mexican government has undertaken a series of bold reforms that have ...
Journal Article
The hidden costs of Mexican banking reform
An examination of the banking reform efforts under way in Mexico, emphasizing how incentive effects can drive up the cost of these efforts and ultimately boost the cost of resolving the nation's debt problem.
