Financial intermediaries in Mexico: Possible scenarios within the framework of the NAFTA
The possibility that NAFTA open up for the financial institutions of Canada and the United States to penetrate intro the Mexican market are quite important. Their presence may increase competitiveness in the financial sector by raising and lowering financial margins. This study seeks to analyze the...
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| Format: | Online |
| Idioma: | spa |
| Publicat: |
Universidad Autónoma de Baja California
2000
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| Accés en línia: | https://ref.uabc.mx/ojs/index.php/ref/article/view/299 |
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| Sumari: | The possibility that NAFTA open up for the financial institutions of Canada and the United States to penetrate intro the Mexican market are quite important. Their presence may increase competitiveness in the financial sector by raising and lowering financial margins. This study seeks to analyze the guidelines of the North American Free Trade Agreement in what pertains to the financial institutions. It also takes into account the incidence that the penetration of the latter may have into the Mexican financial market, with a particular emphasis on the non-banking financial intermediaries. The article concludes that with the coming into effect of the North American Free Trade Agreement, a new internationalization phase of the Mexican financial system begins to take shape. This entails the entrance of foreign financial institutions, the majority of which are non-banking financial intermediaries enjoying greater benefits under the regulations of this agreement. |
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