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