liberalize trade, promote efficiency and reduce the size and scope of the state-owned sector. In Mexico, privatization led to a …Over the last 20 years, Mexico redefined the role of the state in its economy through an ambitious program to … from workers, with the remaining 64 percent representing productivity gains. There is evidence that privatization provides …

and, separately for post-liberalization or post-privatization risky lending in Argentina, Canada, and Mexico. In the … lending and (2) financial liberalization or privatization lead to risky lending. However, there is evidence to suggest that … discipline banks, banks neither behave riskily nor does their risk increase in the wake of privatization"--Federal Reserve Bank …