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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.