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Author: Carol Louise Baker
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 232
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Book Description
Author: Carol Louise Baker
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 232
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Book Description
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.
Author: Gonzalo Blanco H.
Publisher: Captus Press
ISBN: 9781895712391
Category : Business & Economics
Languages : en
Pages : 444
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Book Description
Author: Pedro Aspe Armella
Publisher: University of Chicago Press
ISBN: 0226029972
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
The essays brought together in this volume share a common objective: To bring a unifying methodological approach to the analysis of financial problems in developing, open economies. While the primary focus is on contemporary Latin America, the methods employed and the lessons learned are of wider applicability. The papers address the financial integration issue from three different perspectives. In some cases, a country study is the vehicle for an econometric investigation of a particular external linkage. In other cases, an individual country's experience suggests an economic model in which the stylized facts may be analyzed and developed. A third direction is unabashedly theoretical and formulates more general principles which are broadly applicable rather than country-specific.
Author: César Amador Ambriz
Publisher:
ISBN:
Category :
Languages : ca
Pages : 140
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Book Description
This thesis can be seen as a collection of three papers analyzing several facets of the Mexican stock market, each of them with their own objectives, hypothesis and methodology. The objective of the first chapter is to determine if in México the financial sector causes economic growth as postulated in the "supply leading hypothesis". According to the results, VEC and ADL models confirm that the stock market causes economic growth, whereas only the VEC estimates confirm that banks contribute to growth. Causality is unidirectional. The second chapter of this work analyzes the impact in profitability of affiliated firms to a business group and listed in the Mexican stock exchange. The aim of this chapter is twofold: a) provide evidence if affiliated firms are more profitable and b) if firms belonging to a business group carry out the rent extraction practice known as tunneling. This work presents evidence from a large data collection covering all the firms still and once listed in the local stock market from 1990 to 2012. Consequently, is important to mention that an unbalanced panel is utilized, and to avoid endogeneity bias the Generalized Method of Moments that allow the use of instruments is employed. According to the results, firms affiliated to business groups tend to have higher levels of profitability, however during recessions they carry out the practice of tunneling. Although this is undesirable, is pertinent to say that this phenomenon is not permanent. The objective of chapter 3 is to present evidence that market return is the only pricing factor needed for modeling stock returns. The Transfer Function Model was designed to exploit the structure of current and lagged information of one explanatory variable and the ARIMA terms. This work can offer a new methodology for price discovery that improves the market model estimations.
Author:
Publisher: World Bank Publications
ISBN: 9780821349557
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
This handbook is a comprehensive and authoritative reference for both senior policymakers—those responsible for the development of government bond markets in their own countries—and all individuals responsible for guiding the market development process at the operational level—those who have a substantial need to understand the policy issues involved.
Author: Dwight S. Brothers
Publisher: Austin : University of Texas Press
ISBN:
Category : Finance
Languages : en
Pages : 266
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Book Description
Historical study of Mexicos financial aspects development and the latters relationship to economic development - includes (1) the structure prior to 1940, (2) the development of components of the system, 1940 to 1960, (money and capital market, monetary policies, public sector and private sector finance, (3) a theoretic explanation, and (4) experiences since 1960, with speculation and proposals regarding future development. Statistical tables and banking system. Bibliography pp. 209 to 221.
Author: Marc Levinson
Publisher: The Economist
ISBN: 1541742516
Category : Business & Economics
Languages : en
Pages : 250
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Book Description
The revised and updated 7th edition of this highly regarded book brings the reader right up to speed with the latest financial market developments, and provides a clear and incisive guide to a complex world that even those who work in it often find hard to understand. In chapters on the markets that deal with money, foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives, the book examines why these markets exist, how they work, and who trades in them, and gives a run-down of the factors that affect prices and rates. Business history is littered with disasters that occurred because people involved their firms with financial instruments they didn't properly understand. If they had had this book they might have avoided their mistakes. For anyone wishing to understand financial markets, there is no better guide.
Author: Juliette Levy
Publisher: Penn State Press
ISBN: 0271052147
Category : History
Languages : en
Pages : 176
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Book Description
During the nineteenth century, Yucat&án moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucat&án and its economy grew in response to increasing demand from the United States for henequen, the local cordage fiber. This henequen boom has often been seen as another regional and historical example of overdependence on foreign markets and extortionary local elites. In The Making of a Market, Juliette Levy argues instead that local social and economic dynamics are the root of the region&’s development. She shows how credit markets contributed to the boom before banks (and bank crises) existed and how people borrowed before the creation of institutions designed specifically to lend. As the intermediaries in this lending process, notaries became unwitting catalysts of Yucat&án&’s capitalist transformation. By focusing attention on the notaries&’ role in structuring the mortgage market rather than on formal institutions such as banks, this study challenges the easy compartmentalization of local and global relationships and of economic and social relationships.
Author:
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 40
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Book Description
