48-vol. 24, no. 2, july-december, 2009
Articles

Financial deregulation, financial system development and economic growth in Mexico: Long-term effects and causation

Francisco Venegas Martínez
Instituto Politécnico Nacional
Miguel Ángel Tinoco Zermeño
Universidad de Colima
Víctor Hugo Torres Preciado
Universidad de Colima

Published 2009-07-01

Keywords

  • liberalization,
  • financial development,
  • growth,
  • Mexico

How to Cite

Venegas Martínez, F., Tinoco Zermeño, M. Ángel, & Torres Preciado, V. H. (2009). Financial deregulation, financial system development and economic growth in Mexico: Long-term effects and causation. Estudios Económicos De El Colegio De México, 24(2), 249–283. https://doi.org/10.24201/ee.v24i2.123

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Abstract

Specialized literature states that a deregulated financial system has positive effects on long-term economic growth. The Mexican financial system has gone through two major phases: regulation until 1988 and soon after liberalization. In this framework, by using cointegration and causality tests the effects of financial repression and financial intermediation on economic growth are examined.

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