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Privatisation of Banks in Mexico and the Tequila Crisis

Listed author(s):
  • Shanti Chakravarty

    ()

    (Bangor University, UK)

  • Jonathan Williams

    ()

    (Bangor University, UK)

The Mexican programme of bank privatisation in the early 1990s was dictated not just by a desire for distancing government from the running of the economy but also by the need to raise money by selling public assets in favour of a particular fiscal stance. The conflict of objectives entailed in this liberalisation process contributed to the subsequent financial crisis entailing the re-nationalisation of banks after a short period of three years at a cost to the exchequer which was five times greater than the money raised at privatisation.

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File URL: http://www.bangor.ac.uk/business/research/documents/BBSWP13012.pdf
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Paper provided by Bangor Business School, Prifysgol Bangor University (Cymru / Wales) in its series Working Papers with number 13012.

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Length: 31 pages
Date of creation: Nov 2013
Handle: RePEc:bng:wpaper:13012
Contact details of provider: Postal:
Gwynedd LL57 2DG

Phone: +44 (0) 1248 383648
Web page: http://www.bangor.ac.uk/business/research/

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