American financial crisis and its impact on Mexican economy

María García

Economía, 2008, vol. 33, issue 26, 11-41

Abstract: This paper aims to conduct a study to determine how U.S. financial crisis will affect Mexican economy. From Minsky’s theory view, it begins with a background of the crisis today and a brief description of the current economic situation in Mexico. Finally, it will consider the economic impact that it will have, given their high dependence on the economy with this country. The main conclusion is that we believe that it will damage Mexican economy, although Mexican financial authorities has been taking measures to mitigate the impact, given that the three most important components of economy are tied to the U.S. economy: manufacturing exports, remittances and oil.

Keywords: Financial crisis; financial liberalization; deregulation. (search for similar items in EconPapers)
JEL-codes: E44 G15 (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:33:y:2008:i:26:p:11-41

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