After the 1995 crisis, the Mexican banking system experienced significant changes in bank accounting standards. Most of these changes took place between 1996 and 2001, and had a significant impact in the structure and interpretation of financial information of banks. This document explains the...

Mexican economic historians have long been interested in the rentability of capital during the Porfirian economic expansion. Research to date has been hampered by limitations on the available data, restricting analysis to a small number of large, publicly traded companies. This paper uses census...

If finance is crucial to growth, as a large literature has demonstrated, then why is there wide variance in financial development across countries? Why have governments not put the appropriate policies into place to encourage the development of banks and securities markets? This paper addresses...

We present new price indices for the period 1886- 1929. These indices have several advantages with respect to the previous ones: i) they cover the whole period with the same methodology, and by reaching 1929 these series can be joined whit contemporary price indices, ii) they include more...