Record Details

Private savings and financial modernization in Mexico, 1988-95

PSL Quarterly Review

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Field Value
 
Title Private savings and financial modernization in Mexico, 1988-95
 
Creator Lopez G., Julio
Sànchez V., Armando
 
Subject —
Modernization, Saving
O16, E21, E44, O11
 
Description The evolution of private savings has attracted a lot of attention in the controversy about the origins of Mexico's 1995 crisis. In this paper the authors analyze the evolution of private savings in Mexico using the theory of effective demand as a framework and making use of econometric estimates. In this context, they analyze the impact of the financial reforms, and in particular the effect of liberalization and deregulation of the financial system on private savings in Mexico from 1980 to 1995. The authors formulate an explanation of the determinants of private savingsand the impact of the strategy of "financial modernization" on private savings, by specifying a model that allows to identify the influence of monetary and credit policies on savings. Then they carry out econometric estimates that lend empirical support to the main conclusions of the theoretical analysis. Their econometric work confirm notably that private savings has been low due to a series of changes in monetary policy that favored the contraction of private demand and led to greater foreign indebtedness. JEL Codes: O16, E21, E44, O11
 
Publisher Economia civile
 
Contributor —
 
Date 2012-04-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9922
 
Source PSL Quarterly Review; Vol 53, No 214 (2000)
PSL Quarterly Review; Vol 53, No 214 (2000)
2037-3643
ISSN 2037-3635
 
Language eng
 
Relation http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9922/9804
 
Rights Copyright (c) 2016 Julio Lopez G., Armando Sànchez V.
http://creativecommons.org/licenses/by-nc-nd/4.0