Inclusión financiera y el desarrollo económico de México

Ricardo David Castañeda Orozco and David Juárez-Luna
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Ricardo David Castañeda Orozco: INAI

No DTE 592, Working Papers from CIDE, División de Economía

Abstract: There is a historical relationship between economic development and a proper access to financial services. In this paper we test the hypothesis that the positive relationship among the number of financial institutions, the financial inclusion and the economic development is not straightforward. We use Markov chains to analise the transitions that happened in the Mexican financial sector during the period 2007-2014. The main result shows that the number of financial institutions increased considerably. However, most of the new financial institutions are SOFOM ENR. Such entities have many disadvantages: pursue lucrative aims; face a basic regulation; do not focus on vulnerable sectors of the population and; their services are more expensive. As a consequence the increase in financial institutions cannot be considered as an improvement in economic development.

Keywords: Inclusion financiera; Regulación; Desarrollo. (search for similar items in EconPapers)
Pages: 33 pages
Date: 2015-12
New Economics Papers: this item is included in nep-his
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