By Sara G. Castellanos, Gustavo A. Del Ángel, Jesús G. Garza-García
This precious new ebook contributes to the certainty of festival coverage within the Mexican banking approach and explains how degrees of festival relate to banks' potency. It contrasts ideas of financial thought with empirical facts to distill optimum coverage judgements. The authors learn the banking region in Mexico, a constructing nation with a regulated and sound banking procedure and an with robust participation from worldwide systemic banks. even if, the Mexican banking procedure keeps to have low monetary deepening within the financial system. concurrently, alterations skilled through the Mexican economic climate in fresh many years have thoroughly remodeled its structure, constitution of possession and regulate, and its aggressive stipulations, and feature undeniably affected procedure functionality and potency. this offers a ordinary laboratory within which to respond to the questions of students, economists, and policymakers.
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Extra resources for Competition and Efficiency in the Mexican Banking Industry: Theory and Empirical Evidence
Between 1954 and 1957, the authorities substantially raised the minimum amounts of bank equity capital. A stronger government intervention in the allocation of commercial bank credit characterized this second stage of the regulatory cycle. To avoid these stringent regulations, major banks absorbed subsidiaries such as the finance companies (financieras) and S T RU C T U R A L E V O L U T I O N 41 the mortgages companies (hipotecarias). In the third stage, during the 1970s, the government aimed to strengthen regulation and to capture reserve requirements with the formation of multibanks, which is explained in the next section.
J (35) d l W ji + ln ui j +1 where Ci represents the total cost, TAi the total assets, wi the inputs costs of firm i. In the example above, three inputs costs are considered, Trend denotes L I T E R AT U R E R E V I E W O F B A N K I N G S T U D I E S 29 technological progress, and μi the error disturbance term. The unit price is calculated as the price over total assets. Hence, when the price equals marginal costs it reflects perfect competition and when prices are above the marginal costs then firms are said to be less competitive.
They examine three different economic efficiency measurements: cost-efficiency, standard profit-efficiency, and alternate profit-efficiency. The main findings indicate that cost efficiencies are not correlated with profit efficiencies, suggesting that the three measures may be used to account for a more accurate measurement of efficiency. Lozano Vivas (1997) analyzed the profit efficiency of Spanish saving banks for the period 1986–1991. The author estimates profit efficiency by using the thick frontier approach and calculated both the alternative and profit function specifications to address the competitiveness of the market.
Competition and Efficiency in the Mexican Banking Industry: Theory and Empirical Evidence by Sara G. Castellanos, Gustavo A. Del Ángel, Jesús G. Garza-García