Publications
Publications
- 2014
Los Buenos Tiempos Son Éstos: Los efectos de la incursión de la banca extranjera en México después de un siglo de crisis bancarias [These Are the Good Old Days: Foreign Entry and the Mexican Banking System]
By: Stephen Haber and Aldo Musacchio
Abstract
This book is the Spanish edition of our award winning paper "These Are the Good Old Days: Foreign Entry and the Mexican Banking System." NBER Working Paper Series, No. 18713, January 2013. The book examines the effects of foreign bank entry into Mexico. Foreign banks now own over 80% of banking assets in Mexico and we show how, using a political economy model and a series of econometric tests, this has helped to stabilize the system and reduced non-performance loans, but it has also increased the risk aversion of banks operating in Mexico. Therefore, we conclude, after one century of banking crisis this is the best of times for Mexican banking.
Keywords
Banks And Banking; Mexico; Commercial Banking; Foreign Direct Investment; Competition; Financial Markets; Banking Industry; Mexico
Citation
Haber, Stephen, and Aldo Musacchio. Los Buenos Tiempos Son Éstos: Los efectos de la incursión de la banca extranjera en México después de un siglo de crisis bancarias [These Are the Good Old Days: Foreign Entry and the Mexican Banking System]. Mexico City, Mexico: Centro de Estudios Espinosa Yglesias, 2014, Spanish ed. Electronic.