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La concentración histórica del sistema bancario mexicano: estructura y ciclos

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  • Del Ángel Mobarak, Gustavo A.

    (CIDE)

  • Prado Cedano, Manuel Efrén

    (Banco de México)

Abstract

This paper analyzes the evolution of industrial concentration in the Mexican banking system from the Porfirian era to the present. Although concentration is persistent, cycles of expansion and of consolidation can be distinguished throughout history. Some of the expansion and consolidation processes have been promoted by financial authorities, but episodes of exogenous shocks—such as crises—also determine consolidation cycles. The article describes that an important factor in explaining the persistence of concentration, as well as the market share of large banks, is the investment of banks in distribution network infrastructure. While over time there has been a narrative linking concentration with competition, this article does not address potential competition issues but instead studies concentration as a structural characteristic of the industry. The article emphasizes the last two decades, in which, although the concentration in the largest financial institutions persists, the entry of new intermediaries has led to diminishing market concentration.

Suggested Citation

  • Del Ángel Mobarak, Gustavo A. & Prado Cedano, Manuel Efrén, 2025. "La concentración histórica del sistema bancario mexicano: estructura y ciclos," El Trimestre Económico, Fondo de Cultura Económica, vol. 92(366), pages 381-419, April-Jun.
  • Handle: RePEc:elt:journl:v:92:y:2025:i:366:p:381-419
    DOI: https://doi.org/10.20430/ete.v92i366.2753
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    References listed on IDEAS

    as
    1. Gruben, William C. & McComb, Robert P., 2003. "Privatization, competition, and supercompetition in the Mexican commercial banking system," Journal of Banking & Finance, Elsevier, vol. 27(2), pages 229-249, February.
    2. Sara G. Castellanos & Gustavo A. Ángel & Jesús G. Garza-García, 2016. "Competition and Efficiency in the Mexican Banking Industry," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-51841-5, August.
    3. Gilligan, Thomas & Smirlock, Michael & Marshall, William, 1984. "Scale and scope economies in the multi-product banking firm," Journal of Monetary Economics, Elsevier, vol. 13(3), pages 393-405, May.
    4. Bordo, Michael D. & Rockoff, Hugh & Redish, Angela, 1994. "The U.S. Banking System From a Northern Exposure: Stability versus Efficiency," The Journal of Economic History, Cambridge University Press, vol. 54(2), pages 325-341, June.
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    More about this item

    Keywords

    Mexican financial system; concentration; multiple banking.;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean

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