This article briefly examines the recent evolution of the Mexican financial system. Based on this, obstacles are identified. It is argued that two are most important. First, the property rights protection is weak in Mexico, thus it inhibits credit expansion. Second, competition is low and it is...

This paper studies banking competition in Mexico. We use a contestable market approach to argue that competition in banking should be approached by considering all financial intermediaries and not only banks. In this sense, it is more important to look at the whole financial system. To...