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The Political Economy of Mexico's Financial Reform

By: (Author) Osvaldo Quiroz

Manufacture on Demand

Ksh 6,450.00

Format: Paperback / Softback

ISBN-10: 1138703745

ISBN-13: 9781138703742

Series: Routledge Revivals

Publisher: Taylor & Francis Ltd

Imprint: Routledge

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Nov 11th, 2019

Print length: 304 Pages

Weight: 560 grams

Product Classification: Political economy

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This title was first published in 2001. An analysis of the political economy of Mexico''s financial reform. It is organized in three parts. The first part develops the framework, both historical and institutional. The second part presents the analysis of three main institutional changes to the financial system - development banking reform, commercial banking privatisation and autonomy of the central bank. Each specific case study shows how the reforms conformed to the ideas of the dominant consensus on economic policy and how they delivered an inefficient incentive structure. The third part - chapter eight - brings together all the elements to explain Mexico''s 1994 financial crisis.

This title was first published in 2001. An analysis of the political economy of Mexico''s financial reform. It is organized in three parts. The first part - chapters one to four - develops the framework, both historical and institutional. The first chapter outlines the theoretical discussion on state autonomy and develops a simple analytical framework to study public policy decisions. The subsequent three chapters address three main themes: external dependency of domestic states on international capital, political change under President Carlos Salinas and financial policy in Mexico. The second part presents the analysis of three main institutional changes to the financial system - development banking reform, commercial banking privatisation and autonomy of the central bank. Each specific case study shows how the reforms conformed to the ideas of the dominant consensus on economic policy and how they delivered an inefficient incentive structure. The third part - chapter eight - brings together all the elements to explain Mexico''s 1994 financial crisis.


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