Development and Foreign Investment: Lessons Learned from Mexican Banking


 

Publication Date: July 2004

Publisher: Carnegie Endowment for International Peace

Author(s): Jacob Steinfeld

Research Area: Banking and finance

Type: Report

Coverage: Mexico

Abstract:

Foreign direct investment (FDI) has transformed Mexico's banking system over the past decade and made it the most foreign owned financial sector in Latin America. This paper traces the foreign investments and resulting structural changes in Mexico's banking sector, identifies key impacts on Mexican finance, and evaluates the results from an economic and development perspective.