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Efectos de los ciclos de crédito en México sobre la tasa de ahorro de los hogares, 1989-1996


  • Fernando Aportela

    () (Dirección de Estudios Económicos. Banco de México. México, D.F. Mexico)


This paper deals with households saving behavior during 1989-1996, when Mexico experienced a financial reform and a financial crisis. This work considers explicitly the role of fragmented financial markets in the country. Using the Mexican National Surveys of Income and Expenditures, it is shown that households had different degrees of exposure to the financial market depending on their income level and location. Specifically, the paper analyzes the effects of the credit expansion of the early 1990’s and the credit contraction after the financial crisis at the end of 1994 in Mexico, on the households’ saving rate. In the financial reform case, results indicate that households with greater exposure to the financial system reduced their saving rate after the reform. This effect was stronger among younger households. In the case of the credit contraction, results show that households with higher access to the financial system increased their saving rate. In the former event, the effect was stronger among older households. This indicates different motives for the changes in the saving rate in the two episodes.

Suggested Citation

  • Fernando Aportela, 2001. "Efectos de los ciclos de crédito en México sobre la tasa de ahorro de los hogares, 1989-1996," Economía Mexicana NUEVA ÉPOCA, , vol. 0(2), pages 169-211, July-Dece.
  • Handle: RePEc:emc:ecomex:v:10:y:2001:i:2:p:169-211

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    References listed on IDEAS

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