This paper presents a theory of political change that combines structural and strategic elements which determine elites' degree of fragmentation with cultural factors that exert an influence on the cohesiveness of civil society. Therefore, political change is seen as an outcome of modifications...

In this paper an explanation is given of the observed interest rate inelasticity for mortgage demand between 1989 and 1993 in Mexico. The Dual Index Mortgages offered many individuals access to credit and the possibility of having their own housing, with relatively small installments. These...

This essay suggests that the orthodox economic theory is in a quandary because of its poor performance in explaining the international financial crisis that started in 2008. Likewise, it claims that the social complexity theory is a better paradigm to explain socioeconomic phenomena, especially...

El mercado financiero en una economía abierta está, sin duda, estrechamente relacionado con la cuenta corriente. En particular, si el mercado bursátil es ineficiente, entonces un déficit en cuenta corriente financiado fuertemente con inversión extranjera en cartera se convierte en motivo de...

This paper develops a socioeconomic model to analyze the construction and ulterior collapse of an entrepreneurial diaspora. The mathematical model is motivated by some empirical facts of the Barcelonnettes diaspora, a group of French immigrants who came to Mexico in the XIX century. Moreover, it...

Introducción. A partir de 1982 el sistema financiero en México se ha venido modificando considerablemente; en dicho años los bancos fueron tomados por el Estado y el flujo de crédito externo(en terminos netos) se interrumpió. En consecuencia el gobierno mexicano se vio forzado a replantear...

Introducción. El sistema económico mexicano, como todo sistema, está sustentado por instituciones políticas y económicas. Los actores sociales que se desenvuelven dentro de estas instituciones(o estructuras) tienen comportamientos interdependientes; es decir, las acciones de unos afectan el...

This paper develops a socioeconomic model to analyze the construction and ulterior collapse of an entrepreneurial diaspora. The mathematical model is motivated by some empirical facts of the Barcelonnettes diaspora, a group of French immigrants who came to Mexico in the 19th century. Moreover,...