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...

En este estudio se realiza un análisis sobre la competencia bancaria en México desde la perspectiva de la teoría de mercados impugnables. A partir de un examen de la evolución del sistema bancario en dicho país, se argumenta que la competencia entre bancos debe analizarse desde un enfoque...

Este artículo examina algunas de las hipótesis sobre las estrategias de deuda que a priori parece haber seguido el gobierno mexicano, partiendo de un examen de la evolución y composición de la misma. Un aspecto interesante de este examen es que el nivel de la deuda total con respecto al PIB...

The proposal by Levy (2008) whereby a universal social insurance (USI) scheme is guaranteed to all workers, regardless of formality status, aims at abolishing the current contributory social insurance system and financing social insurance through value-added taxes instead (henceforth, the social...

Este artículo examina algunas de las hipótesis sobre las estrategias de deuda que a prioriparece haber seguido el gobierno mexicano, partiendo de un examen de la evolución ycomposición de la misma. Un aspecto interesante de este examen es que el nivel de la deudatotal con respecto al PIB en...

The purpose of this paper is to identify and analyze the determinants and consequences of bailing out states, in particular, those observed in Mexico. This work suggests that the explicit generalized bailout carried out by the federal government in Mexico in 1995 created a moral hazard problem....

This article uses bootstrap techniques to determine whether the exchange market in Mexico, during the period 1997-2011, is efficient or not. To the best of our knowledge, although this methodology is not new, it has not yet been applied to the case of Mexico. Based on the daily changes of...