Mexico's Financial Sector Crisis
Propagative Linkages to Devaluation
Datos Bibliográficos
| ID | 9709898 |
|---|---|
| Autores | Berry Wilson (Federal Communications Commission), Anthony Saunders (New York University), Patrick Honohan (0000-0003-2095-1375, World Bank), Gerard Caprio (World Bank) |
| Año | 2000 |
| Volumen | 110 |
| Número | 460 |
| Páginas | 292-308 |
| Fecha de publicación | 2000-01-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Economic Journal (JOURNAL) |
| Identificadores de la revista | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editorial | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00502 |
| OpenAlex | W2056003474 |
| Idioma | EN |
| Referencias citadas | 2 |
The sharp 1994 Mexican peso devaluation was followed by a financial‐sector crisis, forcing the Mexican government to retake control of several banks and to grant substantial assistance to many others. This paper tests several hypotheses concerning the impact of devaluation. First, event‐study methodology is used to test whether some sectors of Mexican economy were ‘devaluation‐gaining’ while others were ‘devaluation‐losing’. Second, we test whether devaluation shocks were transmitted to the financial sector through the liability side versus the asset side of bank balance sheets. Our results indicate the importance of asset diversification
Asset (computer security · Balance sheet · Business · Devaluation · Diversification (marketing strategy · Economics · Exchange rate · Financial crisis · Financial sector · Financial system · Liability · Macroeconomics · Monetary economics · Banking stability, regulation, efficiency · Finance · Global Financial Crisis and Policies · Islamic Finance and Banking Studies
| Velocidad de citación | historical |
|---|---|
| Altamente citado | No |