Download or read book Competition and Efficiency in the Mexican Banking Industry written by Sara G. Castellanos and published by Springer. This book was released on 2016-01-26 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This useful new book contributes to the understanding of competition policy in the Mexican banking system and explains how levels of competition relate to banks' efficiency. It contrasts concepts of economic theory with empirical evidence to distill optimal policy decisions. The authors study the banking sector in Mexico, a developing country with a regulated and sound banking system and an industry with strong participation from global systemic banks. However, the Mexican banking system continues to have low financial deepening in the economy. Simultaneously, changes experienced by the Mexican financial system in recent decades have completely transformed its architecture, structure of ownership and control, and its competitive conditions, and have undeniably affected system performance and efficiency. This provides a natural laboratory in which to answer the questions of scholars, economists, and policymakers.
Download or read book Mexico s Private Sector written by Riordan Roett and published by Lynne Rienner Publishers. This book was released on 1998 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text examines the responses to the challenges imposed by reforms in Mexico's economic and political systems, and the international economic community for transparent and fair business dealings. Weighing goals of economic reform against its results, prospects for further reforms are evaluated.
Download or read book Foreign Banks in Mexico written by Heiner Schulz and published by . This book was released on 2006 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since Mexico opened its banking sector to foreign competition following the 1994 financial crisis, foreign financial institutions have acquired more than 80 percent of Mexican domestic banking assets. Supporters of foreign direct investment (FDI) argue that foreign banks have been an important source of capital as well as skills, technology, and management know-how. Critics accuse foreign banks of earning excess profits without significantly contributing to banking sector development. Based on an empirical analysis of foreign bank entry between 1997 and 2004, this paper shows that FDI had a positive, but limited impact on banking sector development. The key contribution of foreign banks was the recapitalization of the banking sector following the financial crisis. But there is only limited evidence that banking sector efficiency increased as result of a transfer of skills, technology, or management know-how. The main reason for the limited impact of FDI was the low level of competitive intensity in the Mexican banking sector.
Download or read book The Mexican Banking System in the Face of NAFTA written by Arturo Nicolaievsky and published by . This book was released on 1994 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Competition and Banking Industry Dynamics written by Dean Corbae and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Competition Policies in Emerging Economies written by Claudia Schatan and published by Springer Science & Business Media. This book was released on 2008-07-11 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: As countries large and small, rich and poor are drawn inexorably into the global economy, protectionist policies are proving increasingly inefficient and ineffective for driving growth. The countries of Latin America, which have long pursued agendas of state ownership and heavy regulation of key industries, began to institute a series of reforms in the 1980s and 1990s, designed to promote competition and business creation. However, without the legal and institutional framework to support these policies (and thus guarantee resource-efficient behavior on the part of business owners), the record has been spotty at best. Competition Policies in Emerging Economies features in-depth analysis of two key industries—telecommunications and banking—in several Central American nations to shed light on the dynamics of the transition to deregulation and trade liberalization, and learn from the experiences of these economies. This book has a three-fold purpose: (1) to examine the competition conditions and policies of small developing countries of Central America (and hence cover an area where very little information exists); (2) develop an in-depth analysis of regulation and competition policies in two key industrial sectors with poor competition records (telecommunications and banking); (3) link the former results analysis with other international experiences, in order to derive research and policy recommendations that can be applied to other small, developing, and emerging economies. Featuring discussion of political, legal, economic, financial, cultural, and organization-level issues, the book provides unique perspectives on the forces resisting competitive practices and offers suggestions for overcoming them.
Download or read book Essays on the Mexican Banking Industry written by Gerardo Zuniga Villasenor and published by . This book was released on 2005 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mexican Banking and Investment in Transition written by John A. Adams and published by Praeger. This book was released on 1997-04-22 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Adams traces the evolution of Mexico's banking and investment activities, reviews current conditions and their implications for future investment opportunities in Mexico, and makes clear that what happens to Mexico's economy and political stability will have major implications for what happens elsewhere in the world. This is one of the first books to look at banking and investment in Mexico after the peso crash of 1994-1995, containing a highly detailed bibliography and notes.
Download or read book Deposit Insurance and Financial Development written by Robert J. Cull and published by World Bank Publications. This book was released on 2001 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do deposit insurance programs contribute to financial developmen? Yes, but only if the regulatory environment is sound.
Download or read book Market Efficiency During the Mexican Banks Privatization Announcement written by Roberto J. Santillán-Salgado and published by . This book was released on 2015 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last years of the decade of the 1980s, the Mexican government reduced its participation as an owner of productive facilities. After privatizing the national railway system, airlines, mining companies, etc., in 1990 it was time to fully privatize the banking industry. Banks had been expropriated eight years before, in September, 1982. However, between 1987 and 1990, fifteen state-owned banks had issued small amounts of stock to the market. So, on May 2nd of 1990, when President Carlos Salinas publicly announced that all government owned banks would soon be fully privatized, several commercial banks were already partially publicly traded. In retrospective, the full-privatization announcement represents a privileged opportunity to test the efficiency of the Mexican stock market at that time. Using Event Study Methodology, this work analyzes how significant was the response of the publicly traded banks' stock price to the full privatization announcement, and quantifies its wealth-creation effects.
Download or read book The Mexico Competitiveness Report 2009 written by and published by World Economic Forum. This book was released on with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Download or read book Financial Liberalization Credit Constraints and Collateral written by Mr.R. Gelos and published by International Monetary Fund. This book was released on 1999-03-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment-level data from the manufacturing sector. It analyzes changes in cash-flow sensitivities and uses an innovative approach to explore the role of real estate as collateral and deal with a potential censoring problem. The results suggest that financial constraints were eased for small firms but not for large ones. However, banks’ reliance on collateral in their lending operations increased the importance of real estate. The results provide microeconomic evidence consistent with the role attributed to “financial accelerator” mechanisms during lending booms and during recessions that stem from financial crises.
Download or read book Under Rewarded Efforts written by Santiago Levy Algazi and published by Inter-American Development Bank. This book was released on 2018-07-11 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has an economy that has done so many things right failed to grow fast? Under-Rewarded Efforts traces Mexico’s disappointing growth to flawed microeconomic policies that have suppressed productivity growth and nullified the expected benefits of the country’s reform efforts. Fast growth will not occur doing more of the same or focusing on issues that may be key bottlenecks to productivity growth elsewhere, but not in Mexico. It will only result from inclusive institutions that effectively protect workers against risks, redistribute towards those in need, and simultaneously align entrepreneurs’ and workers’ incentives to raise productivity.
Download or read book Mexican Banks and Foreign Finance written by Sebastian Alvarez and published by Springer. This book was released on 2019-05-18 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is one of the first historical revisions of the Latin American debt crisis of 1982, exploring recently disclosed archival sources for a number of creditor and debtor institutions. It fills a gap on the national and international historiography on international finance in the 1970s and the Latin American debt crisis of the 1980s. The domestic banking approach in revisiting the 1982 financial crisis is a main distinction of this work and the consequences of the involvement of Mexican banks in international finance a major contribution to the literature. Beyond its thoroughly international approach, the book addresses a broad array of disciplines: financial history, political economy, international relations and business history. While the focus is on financial crisis, its implications extend to current regulatory and financial policy relative to crisis and non-crisis matters. In addition to providing a template for understanding other instances of financial crisis, the book points the way to research in a wide range of additional questions. These include the economic role of foreign capital, the transmission of financial crisis, and the decision criteria of states during crises. It also offers a strong example of the importance of politics in resolving economic problems. Because of this, the book will be of interest to historians, economists and political scientists.
Download or read book Mexican Financial System written by and published by . This book was released on 1993 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How Has Nafta Affected the Mexican Economy Review and Evidence written by Mr.Ayhan Kose and published by International Monetary Fund. This book was released on 2004-04-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business cycle dynamics, are documented with reference both to stylized facts and recent empirical research. The paper concludes by drawing lessons from Mexico's NAFTA experience for policymakers in developing countries. The foremost of these is that in an increasingly globalized trading system, bilateral and regional free trade arrangements should be used to accelerate, rather than postpone, needed structural reform.
