The Political Economy of Mexico's Financial Reform

The Political Economy of Mexico's Financial Reform PDF Author: Osvaldo Santin Quiroz
Publisher: Routledge
ISBN: 1351786768
Category : Social Science
Languages : en
Pages : 265

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Book Description
This title was first published in 2001. An analysis of the political economy of Mexico's financial reform. It is organized in three parts. The first part - chapters one to four - develops the framework, both historical and institutional. The first chapter outlines the theoretical discussion on state autonomy and develops a simple analytical framework to study public policy decisions. The subsequent three chapters address three main themes: external dependency of domestic states on international capital, political change under President Carlos Salinas and financial policy in Mexico. The second part presents the analysis of three main institutional changes to the financial system - development banking reform, commercial banking privatisation and autonomy of the central bank. Each specific case study shows how the reforms conformed to the ideas of the dominant consensus on economic policy and how they delivered an inefficient incentive structure. The third part - chapter eight - brings together all the elements to explain Mexico's 1994 financial crisis.

The Political Economy of Mexico's Financial Reform

The Political Economy of Mexico's Financial Reform PDF Author: Osvaldo Santin Quiroz
Publisher: Routledge
ISBN: 1351786768
Category : Social Science
Languages : en
Pages : 265

Get Book Here

Book Description
This title was first published in 2001. An analysis of the political economy of Mexico's financial reform. It is organized in three parts. The first part - chapters one to four - develops the framework, both historical and institutional. The first chapter outlines the theoretical discussion on state autonomy and develops a simple analytical framework to study public policy decisions. The subsequent three chapters address three main themes: external dependency of domestic states on international capital, political change under President Carlos Salinas and financial policy in Mexico. The second part presents the analysis of three main institutional changes to the financial system - development banking reform, commercial banking privatisation and autonomy of the central bank. Each specific case study shows how the reforms conformed to the ideas of the dominant consensus on economic policy and how they delivered an inefficient incentive structure. The third part - chapter eight - brings together all the elements to explain Mexico's 1994 financial crisis.

El nuevo sistema financiero mexicano

El nuevo sistema financiero mexicano PDF Author: Francisco Borja Martínez
Publisher: Fondo de Cultura Economica USA
ISBN:
Category : Business & Economics
Languages : es
Pages : 284

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Book Description
La transformaci n que en relativamente pocos a os sufri la estructura pol tica y econ mica del Estado mexicano, coloc al pa s en una situaci n de liderazgo en la escena internacional, lo que en los c rculos financieros del mundo se conoce como el milagro mexicano. Fue el resultado de casi una d cada de reestructuraci n de la pol tica econ mica con miras a integrar un nuevo sistema financiero.

Global Capital and National Politics

Global Capital and National Politics PDF Author: Timothy Kessler
Publisher: Bloomsbury Publishing USA
ISBN: 0313390355
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
Kessler shows how political considerations distorted the liberalization process in Mexico, leading to inconsistent and unsustainable patterns of financial policy. Although market reform is promoted in developing countries to improve economic efficiency and stimulate growth, in Mexico financial liberalization provided rent-seeking opportunities for privileged groups and increased the states' ability to finance politically inspired obligations. The research examines four periods: the populist administrations of EcheverrÍa and Lopez Portillo, during which the foundations of modern financial markets were paradoxically laid; the debt-crisis years of de la Madrid, who reversed his party's political strategy by favoring the business class with financial opportunities; the economic transformation undertaken by Carlos Salinas, who mixed genuine reform with destabilizing anti-market measures; and the political watershed of the Zedillo administration, whose unpopular bank rescue gave opposition parties unprecedented power within Mexico's policy making process. Kessler also provides a comparison of financial collapse in two other emerging markets, South Korea and Russia, and examines the political roots of crisis in both countries. He concludes by suggesting how greater attention to questions of power, social organization, and challenges to state authority can help the policy-making community avoid giving well-meaning advice that is unlikely to be implemented in a sustainable way.

Capital Ungoverned

Capital Ungoverned PDF Author: Michael Maurice Loriaux
Publisher: Cornell University Press
ISBN: 9780801482816
Category : Business & Economics
Languages : en
Pages : 254

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Book Description
Japan, South Korea, Mexico, France, and Spain once exercised significant control over the allocation of credit, and used that control to facilitate economic adjustment and industrial development. In the 1980s all that changed. Why and how these states dismantled their activist credit policies is the subject of Capital Ungoverned. The volume brings together five specialists in the economics and politics of these various states to assess the internal and global changes that prompted them to adopt financial liberalization.Comparison reveals the distinctive political and institutional logic that guided liberalization in each country--from the role of a newly dominant capitalist class in Korea to the replacement of state financing by private financing and self-financing in Japan, from the maneuvers of the banking establishment in Spain to attempts to attract foreign capital in Mexico. At the same time, these cases clarify the importance of international factors, in particular the shifts that occurred in U.S. policy as it sought to respond to the effects of uneven growth in the world economy.

Corporate Governance in Developing and Emerging Markets

Corporate Governance in Developing and Emerging Markets PDF Author: Franklin N. Ngwu
Publisher: Routledge
ISBN: 1317353862
Category : Business & Economics
Languages : en
Pages : 366

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Book Description
Throughout the world, the Anglo-American model of corporate governance tends to prevail – but no two countries are identical. Governance outcomes in developing and emerging economies often deviate from what theory predicts, due to a wide range of factors. Using insights from New Institutional Economics, Corporate Governance in Developing and Emerging Markets aims to explain the different issues and cultural and legal factors at play, and put forward an alternative governance framework for these economies. Structured in three parts, this text investigates different models of corporate governance; it explores the realities of corporate governance in ten nations, including the ‘BRICS’ (Brazil, Russia, India, China and South Africa) and ‘MINT’ (Mexico, Indonesia, Nigeria and Turkey) countries; and then considers corporate governance reform. This interdisciplinary text will be a valuable tool for students of corporate governance across Business, Economics and Law; and an equally useful resource for anyone working in or carrying out research in this area.

Bigger Economies, Smaller Governments

Bigger Economies, Smaller Governments PDF Author: William Glade
Publisher: Routledge
ISBN: 0429720653
Category : Political Science
Languages : en
Pages : 321

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Book Description
Privatization of large national enterprises has been the most far-reaching of Latin America's dramatic structural reforms, the objective being to underpin fiscal stability by shedding huge capital requirements. But long-term gains to the economy also depend on such factors as increased efficiency through better communications and infrastructure and

The Mexican Commercial Bank Privatizations

The Mexican Commercial Bank Privatizations PDF Author: Rebecca Hovey
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 286

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Book Description


Social Sciences

Social Sciences PDF Author: Katherine D. McCann
Publisher: University of Texas Press
ISBN: 9780292752436
Category : History
Languages : en
Pages : 958

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Book Description
Beginning with volume 41 (1979), the University of Texas Press became the publisher of the Handbook of Latin American Studies, the most comprehensive annual bibliography in the field. Compiled by the Hispanic Division of the Library of Congress and annotated by a corps of more than 130 specialists in various disciplines, the Handbook alternates from year to year between social sciences and humanities. The Handbook annotates works on Mexico, Central America, the Caribbean and the Guianas, Spanish South America, and Brazil, as well as materials covering Latin America as a whole. Most of the subsections are preceded by introductory essays that serve as biannual evaluations of the literature and research under way in specialized areas. The Handbook of Latin American Studies is the oldest continuing reference work in the field. Katherine D. McCann is acting editor for this volume. The subject categories for Volume 57 are as follows: Electronic Resources for the Social Sciences Anthropology Economics Geography Government and Politics International Relations Sociology

Issues and Agents in International Political Economy

Issues and Agents in International Political Economy PDF Author: Benjamin J. Cohen
Publisher: MIT Press
ISBN: 9780262531603
Category : Business & Economics
Languages : en
Pages : 398

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Book Description
This is the second of two anthologies on international political economy drawn from articles published in the journal International Organization. The book is organized into four sections: Trade, Multinational Firms and Globalization, Money and Finance, and Emerging Issues.

El sector financiero y el TLCN

El sector financiero y el TLCN PDF Author: Fausto Hernández
Publisher:
ISBN:
Category :
Languages : es
Pages : 56

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Book Description