FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS
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Data de Publicação: | 2009 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Análise Econômica (Online) |
Texto Completo: | https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10721 |
Resumo: | The Mexican experience with financial liberalisation provides an interesting case of study for countries facing financial instability problems. The aim of this paper is twofold: first, to provide an overview of the macroeconomic effects of the lending boom associated with Mexico's transition from a financially repressed regime to financial liberalisation. And second, to empirically assess whether the McKinnon-Shaw hypothesis holds in this case. It is argued that financial liberalisation tends to generate financial fragility, credit rationing and long-run slow growth. |
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FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESISFINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESISFinancial repression. Financial liberalisation. Growth. Credit. Crises.JEL ClassificationGlOOG200E440D882Financial repression. Financial liberalisation. Growth. Credit. Crises.JEL ClassificationGlOOG200E440D882The Mexican experience with financial liberalisation provides an interesting case of study for countries facing financial instability problems. The aim of this paper is twofold: first, to provide an overview of the macroeconomic effects of the lending boom associated with Mexico's transition from a financially repressed regime to financial liberalisation. And second, to empirically assess whether the McKinnon-Shaw hypothesis holds in this case. It is argued that financial liberalisation tends to generate financial fragility, credit rationing and long-run slow growth.The Mexican experience with financial liberalisation provides an interesting case of study for countries facing financial instability problems. The aim of this paper is twofold: first, to provide an overview of the macroeconomic effects of the lending boom associated with Mexico's transition from a financially repressed regime to financial liberalisation. And second, to empirically assess whether the McKinnon-Shaw hypothesis holds in this case. It is argued that financial liberalisation tends to generate financial fragility, credit rationing and long-run slow growth.UFRGS2009-10-09info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/1072110.22456/2176-5456.10721Análise Econômica; Vol. 21 No. 39 (2003): março de 2003Análise Econômica; v. 21 n. 39 (2003): março de 20032176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSporhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10721/6332Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessHernández, Ignacio Perrotini2019-08-29T12:41:16Zoai:seer.ufrgs.br:article/10721Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2019-08-29T12:41:16Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false |
dc.title.none.fl_str_mv |
FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS |
title |
FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS |
spellingShingle |
FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS Hernández, Ignacio Perrotini Financial repression. Financial liberalisation. Growth. Credit. Crises. JEL Classification GlOO G200 E440 D882 Financial repression. Financial liberalisation. Growth. Credit. Crises. JEL Classification GlOO G200 E440 D882 |
title_short |
FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS |
title_full |
FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS |
title_fullStr |
FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS |
title_full_unstemmed |
FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS |
title_sort |
FINANCIAL LIBERALISATION, CREDIT RATIONING AND SLOW GROWTH IN MEXICO: TESTING THE MCKINNON-SHAW HYPOTHESIS |
author |
Hernández, Ignacio Perrotini |
author_facet |
Hernández, Ignacio Perrotini |
author_role |
author |
dc.contributor.author.fl_str_mv |
Hernández, Ignacio Perrotini |
dc.subject.por.fl_str_mv |
Financial repression. Financial liberalisation. Growth. Credit. Crises. JEL Classification GlOO G200 E440 D882 Financial repression. Financial liberalisation. Growth. Credit. Crises. JEL Classification GlOO G200 E440 D882 |
topic |
Financial repression. Financial liberalisation. Growth. Credit. Crises. JEL Classification GlOO G200 E440 D882 Financial repression. Financial liberalisation. Growth. Credit. Crises. JEL Classification GlOO G200 E440 D882 |
description |
The Mexican experience with financial liberalisation provides an interesting case of study for countries facing financial instability problems. The aim of this paper is twofold: first, to provide an overview of the macroeconomic effects of the lending boom associated with Mexico's transition from a financially repressed regime to financial liberalisation. And second, to empirically assess whether the McKinnon-Shaw hypothesis holds in this case. It is argued that financial liberalisation tends to generate financial fragility, credit rationing and long-run slow growth. |
publishDate |
2009 |
dc.date.none.fl_str_mv |
2009-10-09 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10721 10.22456/2176-5456.10721 |
url |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10721 |
identifier_str_mv |
10.22456/2176-5456.10721 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/10721/6332 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2019 Análise Econômica info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2019 Análise Econômica |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
UFRGS |
publisher.none.fl_str_mv |
UFRGS |
dc.source.none.fl_str_mv |
Análise Econômica; Vol. 21 No. 39 (2003): março de 2003 Análise Econômica; v. 21 n. 39 (2003): março de 2003 2176-5456 0102-9924 reponame:Análise Econômica (Online) instname:Universidade Federal do Rio Grande do Sul (UFRGS) instacron:UFRGS |
instname_str |
Universidade Federal do Rio Grande do Sul (UFRGS) |
instacron_str |
UFRGS |
institution |
UFRGS |
reponame_str |
Análise Econômica (Online) |
collection |
Análise Econômica (Online) |
repository.name.fl_str_mv |
Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS) |
repository.mail.fl_str_mv |
||rae@ufrgs.br |
_version_ |
1799766266134659072 |