This article will argue that the shadow banking system has been at the heart of the Great Crisis since its first manifestations in the summer of 2007. This system has been purposefully misunderstood, as it is essentially a complex machine of too-big-to-fail banks designed to make large private...

With high debt levels both in pesos and dollars, several large Mexican economic enterprises, were surprised by the December 1994 peso devaluation. Local banks had taken important positions in foreign currency, increasing their short-term debt mainly with foreign brokers. The abrupt peso...

This article analyzes the main features of international financial markets growth from the second half of 1980. It is stated that the sharpening of financial deregulation has modified competence terms among intermediaries whereas national financial structures weaken and the States become...