The credit risk measures we develop in this paper are used to investigate macrofinancial linkages in the Mexican banking system. Domestic and external macro-financial variables are found to be closely associated with banking soundness. At the aggregate level, high external volatility and...

Intro -- Contents -- I. INTRODUCTION -- II. THE FRAMEWORK FOR ASSESSING THE BANKING SECTOR: LONG-TERM TRENDS AND SHORT- TERM DEVELOPMENTS -- III. ASSESSING THE SOUNDNESS OF THE BANKING SECTOR -- IV. SUMMARY AND CONCLUSION -- BIBLIOGRAPHY.

Intro -- Contents -- I. INTRODUCTION -- II. THE PARADOX: LOW GROWTH AND HIGH INVESTMENT -- III. THE MISMEASUREMENT STORY -- IV. LOW PRODUCTIVITY: DOES THE LEVEL OF DEBT MATTER? -- V. HIGH DEBT AND DECLINING PRODUCTIVITY: THE CASE OF JAMAICA -- VI. TAKING STOCK: SUMMARY AND CONCLUSIONS -- REFERENCES.