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
Keywords: liberalization, financial development, growth, Mexico
JEL Classification: O16, O47, O54, C22

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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Published
01-07-2009
How to Cite
Venegas MartínezF., Tinoco ZermeñoM., & Torres PreciadoV. (2009). Financial deregulation, financial system development and economic growth in Mexico: Long-term effects and causation. Estudios Económicos, 24(2), 249-283. https://doi.org/10.24201/ee.v24i2.123
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