Accounting for the Mexican banking crisis
AbstractThe Mexican banking crisis of 1994–1995 has widely been interpreted as the victim of the balance-of-payments crisis, rather than its cause. After all, Mexican banks had been enjoying high capitalization ratios, deemed to be more than sufficient to deal with the increased risk of non-performing loans. This paper, however, suggests that to a large extent Mexican accounting practices — rather than sound principles — were responsible for the apparent good health of the banking system. The role of banks in causing the Mexican crisis may therefore have been greater than previously thought.
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Bibliographic InfoPaper provided by Universidad Carlos III de Madrid in its series Open Access publications from Universidad Carlos III de Madrid with number info:hdl:10016/4794.
Length: 183 p.
Date of creation: Sep 2000
Date of revision:
Publication status: Published in Emerging Markets Review (2000-09) v.v. 1, p.165-181
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Web page: http://www.uc3m.es
Banking crisis; Mexico;
Other versions of this item:
- F30 - International Economics - - International Finance - - - General
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
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