Prehistoria de la banca central en México
Carlos Marichal
Additional contact information
Carlos Marichal: El Colegio de México
El Trimestre Económico, 2025, vol. 92 (4), issue 368, 813-832
Abstract:
We explore key aspects of the Mexican banking system before the Revolution and the exercise of certain central banking functions in the late 19th and early 20th centuries that deserve special mention. First, we discuss the fundamental functions performed by the Banco Nacional de México from 1884 onward, as a large private bank that fulfilled many of the functions of a public bank, without being part of the government. Of equal importance is the review of banking legislation ratified by José Yves Limantour, secretary of the Treasury between 1893 and 1910, which included not only the famous Banking Law of 1897 but also the adoption of the gold standard in 1905, the creation of the Foreign Exchange Commission, and the role of the clearing bank, known as the Banco Central Mexicano between 1905 and 1913. We conclude with a brief discussion of some of the main central banking proposals debated during the Mexican Revolution, between 1916 and 1920, some of which contributed in terms of ideas and projects to the formulation of the subsequent foundations that led to the creation of the Banco de México.
Keywords: Central banks; banks; economic history; financial history; Latin American financial markets. (search for similar items in EconPapers)
JEL-codes: E58 G21 N10 N16 N26 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.eltrimestreeconomico.com.mx/index.php/te/article/view/3110
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:elt:journl:v:92:y:2025:i:368:p:813-832
Ordering information: This journal article can be ordered from
Order print issues directly in our web page or with Guadalupe Galicia at Fondo de Cultura Económica, El Trimestre Económico, Carretera Picacho Ajusco 227, 2° piso, Col. Bosques del Pedregal, CP 14738, Tlalpan, Ciudad de México
http://www.eltrimestreeconomico.com.mx
DOI: 10.20430/ete.v92i368.3110
Access Statistics for this article
El Trimestre Económico is currently edited by Orlando Delgado Selley, Saúl Escobar Toledo, Jorge Isaac Egurrola and José Valenzuela Feijóo
More articles in El Trimestre Económico from Fondo de Cultura Económica
Bibliographic data for series maintained by Nuria Pliego Vinageras ().