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Desregulación financiera, desarrollo del sistema financiero y crecimiento económico en México: efectos de largo plazo y causalidad

Francisco Venegas Martínez, Miguel à ngel Tinoco Zermeño and Víctor Torres Preciado
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Francisco Venegas Martínez: Instituto Politécnico Nacional
Miguel à ngel Tinoco Zermeño: Universidad de Colima

Authors registered in the RePEc Author Service: Miguel Angel Tinoco-Zermeño () and Francisco Venegas-Martínez

Estudios Económicos, 2009, vol. 24, issue 2, 249-283

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.

Keywords: Mexico; liberalization; financial development; growth. (search for similar items in EconPapers)
JEL-codes: C22 O16 O47 O54 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (5)

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