POLICY PAPER: The Technical Process of Bank Privatization in Mexico

A study examines the process of Mexican bank privatization that took place in 1991. It is shown that the Mexican government was very careful to ensure due process and transparency through the entire bank privatization process. However, the lack of a legal and regulatory framework and lax oversight s...

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Bibliographic Details
Published in:Journal of financial services research Vol. 16; no. 1; pp. 61 - 83
Main Authors: Unal, Haluk, Navarro, Miguel
Format: Journal Article
Language:English
Published: Dordrecht Springer 01.09.1999
Springer Nature B.V
Series:Journal of Financial Services Research
Subjects:
Auctions
bank privatization
Banking
Banking industry
Central banks
Constitutional amendments
Due process of law
Economic growth
Engineering firms
Financial services
Financial systems
GDP
Gross Domestic Product
Investments
Liberalization
Mexican banks
Nationalization
Objectives
Politics
Presidents
Privatization
Regional banks
Studies
Transparency
Mexico
ISSN:0920-8550, 1573-0735
Online Access:Get full text
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Summary:A study examines the process of Mexican bank privatization that took place in 1991. It is shown that the Mexican government was very careful to ensure due process and transparency through the entire bank privatization process. However, the lack of a legal and regulatory framework and lax oversight shadowed the success of the technical process. Hence, the financial system in Mexico had to deal with a banking crisis shortly after privatization, in 1994.
Bibliography:SourceType-Scholarly Journals-1
ObjectType-General Information-1
content type line 14
ISSN:0920-8550
1573-0735
DOI:10.1023/A:1008162832710