You are looking at 1 - 1 of 1 items

  • Author or Editor: Eufemia Basilio x
Clear All Modify Search
You do not have access to this content

Teresa López and Eufemia Basilio

In the chapter, ‘Economic growth and financial development in Mexico: from a virtuous circle of a bi-directional causality to financial subordination,’ the authors develop the theme of bank lending to non-financial activities in the context of the Mexican economy between 1990 and 2013. An empirical and econometric assessment shows that deregulation and globalization, instead of increasing savings, caused the banking system to lose sight of its core activity, which is the financing of production. On this basis, the authors assert the need to establish regulatory mechanisms to ensure financial resources for production.