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Spotlight: Financial services: Banking within reach of more Mexicans

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  • Edward C. Skelton

Abstract

In 2008-09, Mexico was wracked by the global financial crisis, suffering its largest one-year economic contraction since at least the 1930s. But the banking sector withstood the shock and made important strides in one area--bringing previously unbanked households into the financial system. Boosting Mexico's economic development by helping small businesses fulfill their potential depends on improving access to finance and fully linking these engines of economic growth and opportunity to the formal economy.

Suggested Citation

  • Edward C. Skelton, 2010. "Spotlight: Financial services: Banking within reach of more Mexicans," Southwest Economy, Federal Reserve Bank of Dallas, issue Q4, pages 1-15.
    • Handle: RePEc:fip:feddse:y:2010:i:q4:p:15:n:4
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