Banking with and without Deposit Insurance: Mexico’s Banking Experiments, 1884–2004
Banking with and without Deposit Insurance: Mexico’s Banking Experiments, 1884–2004
This chapter discusses the banking experiments that Mexico has undergone between the years 1884–2004. Due to the various experiments with banking regulation over a period of 120 years, Mexico is seen as an ideal case to carry out an analysis. The first reason for this is because of Mexico’s three episodes of creating a private banking system de novo. Second, during these experiments, the country was under authoritarian government that had high degrees of authority and discretion, suggesting that political institutions in these three periods did not vary immensely. Third, the weakness of the environment of property and contract rights over the three experiments remained relatively similar. Overall, all three experiments shared similar environments during their time, and what differed mainly were the institutions that protected depositors.
Keywords: banking experiments, banking regulation, private banking system, authoritarian government, Mexico
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