This article studies the determinants of the Mexican banking crisis of 1994-1999.The paper utilizes proportional hazard and duration models to obtain the results. This is the first time a study like this is done for Mexico.Results suggest that banking indicators, by themselves, are important in...

This paper analyzes the current situation of state credit markets. It is shown that, as it now, it exists the possibility of bailing out state in this market by the federal government; this may caused a state overborrowing position. A model which includes asymmetric information is built. This...

En vista de la falta de fundamentos teóricos en la bibliografía relacionada con el repudio en los mercados soberanos de crédito, se construye un modelo que considera todas las peculiaridades de los mercados internacionales de crédito. En particular, se incluye la idea de sanciones en el caso...

The frequency of financial crises over recent decades makes an in-depth study of the phenomenon imperative. This should involve particular attention to those points the different crises have in common, so as to draw lessons that can be used by financial authorities, regulators and the actual...