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Banqueros and Bolseros: Structural Change and Financial Market Liberalisation in Mexico

Published online by Cambridge University Press:  13 December 2002

SUSAN MINUSHKIN
SUSAN MINUSHKIN
Affiliation:
Susan Minushkin is Professor of International Studies at the Centro de Investigación y Docencia Económicas (CIDE).
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Abstract

The article reexamines financial market opening in Mexico. This article will show how change in Mexico's financial sector created a powerful private sector ally for reform-oriented politicians and helped make financial opening possible. It will also show how financial opening reflected the support coalition that the government relied upon by rewarding the financial sector with protection from foreign direct investment in financial institutions while liberalising portfolio capital flows. Finally, this article will illustrate the importance including an analysis of local financial sector interests in explanations of financial opening.

Type
Research Article
Information
Journal of Latin American Studies , Volume 34 , Issue 4 , November 2002 , pp. 915 - 944
Copyright
© 2002 Cambridge University Press

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