Herman, Alexander; Klemm, Alexander - In: Journal of banking and financial economics 1 (2019) 11, pp. 5-18
International comparisons reveal that - even controlling for a host of explanatory factors - credit depth is … exceptionally low in Mexico. Using panel data methods linking credit growth and fundamentals, this paper estimates a long-term gap … between actual and expected credit of about 40 percent of GDP. Possible explanations include the history of banking crises …