Mexican Banking And Investment In Transition

Author : John A. Adams
Publisher : Bloomsbury Publishing USA
Page : 266 pages
File Size : 40,8 Mb
Release : 1997-04-22
Category : Business & Economics
ISBN : 9780313008252

Get Book

Mexican Banking and Investment in Transition by John A. Adams Pdf

Banking and investment in Mexico have changed radically over the past decade, and the economic events that prompted these changes will have a significant impact on Mexico's role in regional and world financial markets. 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. One of the first books to look at banking and investment in Mexico after the peso crash of 1994-1995, with a highly detailed bibliography and notes, Adams's study will be important reading for international business, finance, and investment professionals and for their colleagues with similar interests throughout the academic community. The fate of both Mexico and the United States is that the two countries are forever tied by geography. The historical evolution of the dual interaction between the peoples of these two nations is and will be significant for the future of both countries. With this in mind, the book is divided into chapters reviewing such themes as the interaction and historical financial events that transpired during the advent of the North American Free Trade Agreement (NAFTA) and the expansion of cross-border financial and investment services, as well as a framework and background review of the events leading up to and resulting from the devaluations of the 1970s and 1980s, and more recently the evolution of the peso crisis of 1994-1995. The imperceptible yet gradual economic integration of the two economies has required time in developing, while not always being seamless in its implementation and transition. American macroeconomic policy has long had a direct impact on the economy of Mexico, as is evidenced by the impact of U.S. interest rates on the financial underpinnings of the Mexican treasury and the banking system to assist with the overall economic growth of the nation. An appreciation for the historically sensitive issues and perspectives, be they nationalization of the oil industry, immigration, or market access for foreign financial services, is paramount to a fuller understanding of doing business on both sides of the border.

Author : Thomas Marois
Publisher : Edward Elgar Publishing
Page : 276 pages
File Size : 48,9 Mb
Release : 2012-05-01
Category : Business & Economics
ISBN : 9780857938589

Get Book

States, Banks and Crisis by Thomas Marois Pdf

''Thomas Marois'' book, States, Banks and Crisis, is highly attractive to development scholars because of the combinations of topics it discusses, the countries analyzed, and its characterization of financial capital as dominant. In the last century the states of Mexico and Turkey promoted robust economic growth guided by powerful public banking organizations. The book captures how this came to a halt since the 1980s through the privatizing of economic activity, especially banking activities in ways that induced steep banking crises that halted economic development. Marois discusses the theory and history of Mexico and Turkey in depth offering an excellent analysis of their neoliberal experiences while proposing new alternatives to reshape the linkages between the financial sector and economic growth.'' Noemí Levy, National Autonomous University of Mexico (UNAM), Mexico City ''This book attempts to provide a critique of neoclassical and liberal political economists as well as the much-hyped and influential "varieties of capitalism" approach, a variant of institutionalist political economy, by claiming that they are dismissive of "the structural power of financial capital". In this regard, it makes an important contribution to the critical political economy tradition with its detailed analysis of the relations between the state, finance capital and labour in the context of two "emerging capitalisms", Mexico and Turkey. Thereby, it enhances our understanding of how the financial crises function as driving forces of neoliberal transformation by initiating new forms of state specific to peripheral capitalism.'' Galip Yalman, Middle East Technical University, Turkey ''As analysts fixated on the financial crisis convulsing the core capitalist countries, the so-called "emerging markets" also saw stunning tranformations in the world of finance capitalism. This remarkable study by Tom Marois carefully dissects the evolution of the banking industry in two of the most significant state-led capitalisms, Turkey and Mexico, as they formed finance-led neoliberal economic policies. The consequences for their development strategies makes for sober reading. This is a unique and crucial study for students of the comparative political economy of contemporary capitalism.'' Greg Albo, York University, Canada ''Financialization is as financialization does. It is a mix of the universal characteristics of finance within capitalism, its contemporary powerful hold over, even defining feature of, the neoliberal age, and the myriad of specific global markets and countries into which it has penetrated. In a stunning work of comparative political economy, Marois brilliantly weaves together these aspects of finance drawing on both innovative theoretical insights and primary case study evidence from Turkey and Mexico to furnish what will become a classic and original contribution to the understanding of financialization in the developing world, highlighting both the role of the state in the era of putatively free markets and the possibility, indeed, necessity of alternatives.'' Ben Fine, University of London, UK ''Marois has provided us with a fascinating, rigorous and important study of the rise and persistence of finance capitalism in Mexico and Turkey. Drawing on an innovative historical materialist lens, Marois'' analysis reveals the struggles, contradictions, and continued significance of the banking sector in defining and redefining neoliberal-led development in these so-called "emerging markets". This is a very welcome addition to critical understandings of the role of finance and states in the global South.'' Susanne Soederberg, Queen''s University, Canada Thomas Marois'' groundbreaking interpretation of banking and development in Mexico and Turkey builds on a Marxian-inspired framework premised on understanding states and banks as social relationships alongside crisis and labor as vital to finance today. The book''s rich historical and empirical content reveals definite institutionalized relationships of power that mainstream political economists often miss. While leading to a timely analysis of the impact of the Great Recession on Mexico and Turkey, the major contribution of States, Banks and Crisis in its account of emerging finance capitalism. This is defined as the current phase of accumulation wherein the interests of financial capital are fused in the state apparatus as the institutionalized priorities and overarching social logic guiding the actions of state managers and government elites, often to the detriment of labor. This interdisciplinary and accessible study on banking and development will prove to be an important resource for upper-level undergraduates, graduates, and scholars in economics, development studies, political science, political economy, development finance, sociology, international relations and international political economy.

Author : Yevgeny N. Kuznetsov,Carl J. Dahlman
Publisher : World Bank Publications
Page : 186 pages
File Size : 40,9 Mb
Release : 2008-01-01
Category : Technology & Engineering
ISBN : 9780821369227

Get Book

Mexico's Transition to a Knowledge-based Economy by Yevgeny N. Kuznetsov,Carl J. Dahlman Pdf

Knowledge and its application are now widely recognized to be key sources of growth in the global economy. Putting knowledge to work allows countries to improve everyday life for their people, opening up new possibilities for small and medium-size enterprises and other less-developed economic groups. This volume examines the challenges and opportunties for Mexicos knowledge-based economy, offering strategies for making major improvements in the countrys capacity to generate knowledge and transform it into wealth.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 84 pages
File Size : 40,7 Mb
Release : 2015-11-17
Category : Business & Economics
ISBN : 9781513544083

Get Book

Mexico by International Monetary Fund. Western Hemisphere Dept. Pdf

This Selected Issues paper analyzes fiscal multipliers in Mexico. Estimates of fiscal multipliers––obtained from state-level spending––fall within 0.6–0.7 after accounting for dynamic effects. However, the size of multipliers varies with the output gap. The planned fiscal consolidation—under the estimated multipliers—is projected to subtract on average 0.5 percentage points from growth over 2015–20. However, there are offsetting effects. The positive growth impulse of lower costs on manufactured goods production is estimated to reach 0.5 percentage point in 2015 and 2016, largely offsetting the impact of fiscal consolidation on growth in the near term.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 84 pages
File Size : 44,7 Mb
Release : 2015-11-17
Category : Business & Economics
ISBN : 9781513593432

Get Book

Mexico by International Monetary Fund. Western Hemisphere Dept. Pdf

This Selected Issues paper analyzes fiscal multipliers in Mexico. Estimates of fiscal multipliers––obtained from state-level spending––fall within 0.6–0.7 after accounting for dynamic effects. However, the size of multipliers varies with the output gap. The planned fiscal consolidation—under the estimated multipliers—is projected to subtract on average 0.5 percentage points from growth over 2015–20. However, there are offsetting effects. The positive growth impulse of lower costs on manufactured goods production is estimated to reach 0.5 percentage point in 2015 and 2016, largely offsetting the impact of fiscal consolidation on growth in the near term.

Author : Joseph S. Tulchin,Andrew D. Selee
Publisher : Lynne Rienner Publishers
Page : 388 pages
File Size : 52,6 Mb
Release : 2003
Category : Business & Economics
ISBN : 1588261042

Get Book

Mexico's Politics and Society in Transition by Joseph S. Tulchin,Andrew D. Selee Pdf

An exploration of the interrelated trends of Mexico's transitional politics and society. Offering perspectives on the problems on the Mexican agenda, the authors discuss the politics of change, the challenges of social development, and how to build a mutually beneficial US-Mexico relationship.

Author : Riordan Roett
Publisher : Lynne Rienner Publishers
Page : 272 pages
File Size : 51,9 Mb
Release : 1998
Category : Business & Economics
ISBN : 1555877133

Get Book

Mexico's Private Sector by Riordan Roett Pdf

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.

Author : John A. Adams
Publisher : Bloomsbury Publishing USA
Page : 183 pages
File Size : 47,6 Mb
Release : 2006-02-28
Category : Political Science
ISBN : 9781567206494

Get Book

Bordering the Future by John A. Adams Pdf

The differences between the United States and Mexico may be immense, but their links—economic, political, and social—are profound, and growing stronger. In this incisive narrative, John Adams argues that Mexico, with which the United States shares a 1,951 mile border, is no sideshow but a pivotal component of American economic health and regional security. The primary theme that runs throughout this book is that Mexico has historically had, and will continue to e Drawing from the most current economic and demographic data and business examples, Adams demonstrates the depth and breadth of U.S.-Mexican relations, and their implications for American business and policymaking. In the process, he dispels popular myths about Mexico as an economic backwater or political distraction. The result is an authoritative and colorful account of our complex relationship with our neighbor to the south, and its broader implications for global growth and political stability. The border between the United States and Mexico runs for 1,951 miles. The differences between the two nations may be immense, but their links—economic, political, and social—are profound, and growing stronger. In this incisive narrative, John Adams argues that Mexico is no sideshow, but a pivotal component of American economic health and regional security. The primary theme that runs throughout the book is that Mexico—its domestic growth and industrial capacity, population pressures, energy needs, political dynamics, and strategic location—has historically had, and will continue to have, a tremendous impact on the United States. Drawing from the most current economic and demographic data and business examples, Adams demonstrates the depth and breadth of U.S.-Mexican relations and their implications for American business and policymaking. A unique aspect of the book is his analysis of the competition between Mexico and China for American resources for investment, trade, and economic development. Adams also dispels popular myths about Mexico as an economic backwater or political distraction. The result is an authoritative and colorful account of our complex relationship with our neighbor to the south—and its broader implications for global economic growth and political stability.

Author : Justin Akers Chacón
Publisher : Haymarket Books
Page : 242 pages
File Size : 54,9 Mb
Release : 2021-07-13
Category : Social Science
ISBN : 9781642594812

Get Book

The Border Crossed Us by Justin Akers Chacón Pdf

The aggressive exploitation of labor on both sides of the US-Mexico border has become a prominent feature of capitalism in North America. Kids in cages, violent ICE raids, and anti-immigrant racist rhetoric characterize our political reality and are everyday shaping how people intersect at the US-Mexico border. As activist-scholar Justin Akers Chacón carefully demonstrates, however, this vicious model of capitalist transnationalization has also created its own grave-diggers. Contemporary North American capitalism relies heavily on an inter-connected working class which extends across the border. Cross-border production and supply chains, logistics networks, and retail and service firms have aligned and fused a growing number of workers into one common class, whether they live in the US or Mexico. While money moves without restriction, the movement of displaced migrant workers across borders is restricted and punished. Transborder people face walls, armed agents, detention camps, and a growing regime of repressive laws that criminalize them. Despite the growth and violence of the police state dedicated to the repression of transborder populations—the migra-state—migrant workers have been at the forefront of class struggle in the United States. This timely book persuasively argues that labor and migrant solidarity movements are already showing how and why, in order to fight for justice and re-build the international union movement, we must open the border.

Author : Dwight S. Brothers,Leopoldo Solís M.
Publisher : Austin : University of Texas Press
Page : 266 pages
File Size : 54,8 Mb
Release : 1966
Category : Finance
ISBN : STANFORD:36105070822791

Get Book

Mexican Financial Development by Dwight S. Brothers,Leopoldo Solís M. Pdf

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 : Gaston Gelos,Alejandro M. Werner
Publisher : Unknown
Page : 0 pages
File Size : 41,6 Mb
Release : 2002
Category : Electronic
ISBN : OCLC:1375588350

Get Book

Financial Liberalization, Credit Constraints, and Collateral by Gaston Gelos,Alejandro M. Werner Pdf

We examine the impact of financial liberalization on fixed investment in Mexico using establishment-level data from the manufacturing sector. In addition to analyzing changes in cash-flow sensitivities, an innovative approach explores the role of real estate as collateral and addresses a potential censoring problem. The results suggest that financial constraints were eased for the smallest firms, but not for larger ones. However, the importance of real estate as collateral increased, given banks' reliance on collateral in their lending. The results also provide microeconomic evidence consistent with the role attributed to "financial accelerator" mechanisms during lending booms and post-crisis recessions.

Author : Hazel J Johnson,Patricia M Langley
Publisher : World Scientific
Page : 136 pages
File Size : 53,5 Mb
Release : 2003-01-06
Category : Business & Economics
ISBN : 9789814493468

Get Book

Trade Agreements and Financial Services by Hazel J Johnson,Patricia M Langley Pdf

Trade Agreements and Financial Services examines the cross-border agreements that have historically been focused on the trade of merchandise goods. Increasingly, emphasis is being placed on the provision of cross-border services. Notable among these are financial services. There is a clear link between economic development and the availability of financial products. Moreover, the financial services sector is, itself, a major industry that is fueling growth. The conditions under which financial services are offered in an international context are the subject of debate in the Western Hemisphere, Europe, Asia, and Latin America. Contents:Trade Agreements and Their Critical ElementsFinancial Transactions Without BordersGeneral Agreement on Trade in Services: Agreement on Financial ServicesAsian Pacific Economic CooperationFree Trade Area of the AmericasBeyond Trade Agreements: European Monetary Union Readership: Undergraduates and professionals in finance. Keywords:

Author : Anonim
Publisher : Congressional Budget Office
Page : 136 pages
File Size : 49,7 Mb
Release : 1993
Category : Business & Economics
ISBN : UCR:31210012246482

Get Book

A Budgetary and Economic Analysis of the North American Free Trade Agreement by Anonim Pdf

1. Introduction -- 2. Macroeconomics of NAFTA -- 3. Individual industries -- 4. Agriculture -- 5. Workers displaced by NAFTA -- 6. Environment -- Appendix A. Investment provisions of NAFTA -- Appendix B. Macroeconomic simulations of NAFTA.

Author : El Sayed Mohamed Abdel Mabood Nassef
Publisher : Unknown
Page : 272 pages
File Size : 52,8 Mb
Release : 1972
Category : Monetary policy
ISBN : UTEXAS:059173026479756

Get Book

Monetary Policy in Developing Countries by El Sayed Mohamed Abdel Mabood Nassef Pdf

Author : Juliette Levy
Publisher : Penn State Press
Page : 176 pages
File Size : 45,8 Mb
Release : 2015-11-04
Category : History
ISBN : 9780271058870

Get Book

The Making of a Market by Juliette Levy Pdf

During the nineteenth century, Yucatán moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucatán 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 Yucatán’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.