Financial Deepening in Mexico /

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. P...

Descripción completa

Detalles Bibliográficos
Autor principal: Herman, Alexander
Otros Autores: Klemm, Alexander
Formato: Revista
Lenguaje:English
Publicado: Washington, D.C. : International Monetary Fund, 2017.
Colección:IMF Working Papers; Working Paper ; No. 2017/019
Acceso en línea:Full text available on IMF
LEADER 01863cas a2200253 a 4500
001 AALejournalIMF017390
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781475572926 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Herman, Alexander. 
245 1 0 |a Financial Deepening in Mexico /  |c Alexander Herman, Alexander Klemm. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2017. 
300 |a 1 online resource (20 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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, the large informal sector and an inefficient legal system. Using a disequilibrium regression approach, this paper also finds that supply factors are particularly important as determinants of credit in Mexico. Recent financial reforms address many of the supply constraints, but their success will depend on implementation. The main challenge going forward will be to support financial deepening, while limiting risks to financial stability. 
538 |a Mode of access: Internet 
700 1 |a Klemm, Alexander. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2017/019 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2017/019/001.2017.issue-019-en.xml  |z IMF e-Library