Regímenes cambiantes, estructura de la deuda y fragilidad bancaria en México
This paper uses the switching probability regimes methodology to estimate the determinants of financial crisis, measured in changes in the stochastic regimes of interest and exchange rates. We use Mexico to perform the exercise. Results suggest that public debt structure is important in explaining t...
| Auteurs principaux: | , , |
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| Format: | Online |
| Langue: | espagnol |
| Éditeur: |
El Colegio de México, A.C.
2001
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| Sujets: | |
| Accès en ligne: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/208 |
| Institution: |
Estudios Económicos |
| authentication_code | dc |
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| _version_ | 1844256679540031488 |
| author | Cermeño, Rodolfo Hernández Trillo, Fausto Villagómez Amezcua, Alejandro |
| author_facet | Cermeño, Rodolfo Hernández Trillo, Fausto Villagómez Amezcua, Alejandro |
| author_sort | Cermeño, Rodolfo |
| category_str_mv |
"Bolivia", "hyperinflation", "economic crisis", "Bolivia", "hiperinflación", "crisis económica"
|
| collection | OJS |
| description | This paper uses the switching probability regimes methodology to estimate the determinants of financial crisis, measured in changes in the stochastic regimes of interest and exchange rates. We use Mexico to perform the exercise. Results suggest that public debt structure is important in explaining the so-called tequila crisis. This result contrasts with the determinants identified by the existent literature. In addition, financial fragility measured as the ratio of M2 to reserves, was also important in explaining the regimes under study. |
| format | Online |
| id | oai:oai.estudioseconomicos.colmex.mx:article-208 |
| index_str_mv | CONAHCYT LATINDEX PKP Index DORA Redalyc Scielo México Handbook of Latin American Studies (HLAS) JSTOR Dialnet HAPI Ulrich’s International Periodicals Directory Google Scholar IBSS Gale OneFile: Informe Académico Global Issues in Context InfoTracCustom Cengage Learning EconLit Índice bibliográfico Publindex RePEc The Journal of Economic Literature |
| journal | Estudios Económicos |
| language | spa |
| publishDate | 2001 |
| publisher | El Colegio de México, A.C. |
| record_format | ojs |
| Terms_governing_use_and_reproduction_note | Copyright (c) 2018 Estudios Económicos |
| data_source_entry/ISSN | Estudios Económicos de El Colegio de México; 31-vol. 16, no. 1, january-june, 2001; 105-132 Estudios Económicos de El Colegio de México; 31-vol. 16, núm. 1, enero-junio, 2001; 105-132 0186-7202 0188-6916 |
| spelling | oai:oai.estudioseconomicos.colmex.mx:article-2082023-02-20T23:43:07Z Changing regimes, debt structure and bank fragility in Mexico Regímenes cambiantes, estructura de la deuda y fragilidad bancaria en México Cermeño, Rodolfo Hernández Trillo, Fausto Villagómez Amezcua, Alejandro tequila crisis Hamilton public debt crisis del tequila Hamilton deuda publica This paper uses the switching probability regimes methodology to estimate the determinants of financial crisis, measured in changes in the stochastic regimes of interest and exchange rates. We use Mexico to perform the exercise. Results suggest that public debt structure is important in explaining the so-called tequila crisis. This result contrasts with the determinants identified by the existent literature. In addition, financial fragility measured as the ratio of M2 to reserves, was also important in explaining the regimes under study. Se aborda la estructura de la deuda y la fragilidad financiera como determinantes explicativos de la “crisis del tequila”. Para ello se utiliza la metodología de cambio de regímenes estocásticos desarrollada por Hamilton, sobre el tipo de cambio y la tasa de interés. Los resultados empíricos muestran que la estructura de deuda pública es importante para explicar los cambios en los niveles del tipo de cambio real. Asimismo, el indicador formado por el cociente de M2 y reservas internacionales, como proxy de fragilidad financiera, es importante para explicar dicha probabilidad. Esto contrasta con gran parte de los estudios que identifican los determinantes de una crisis cambiaria y financiera. El Colegio de México, A.C. 2001-01-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/208 10.24201/ee.v16i1.208 Estudios Económicos de El Colegio de México; 31-vol. 16, no. 1, january-june, 2001; 105-132 Estudios Económicos de El Colegio de México; 31-vol. 16, núm. 1, enero-junio, 2001; 105-132 0186-7202 0188-6916 spa https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/208/210 Copyright (c) 2018 Estudios Económicos |
| spellingShingle | tequila crisis Hamilton public debt crisis del tequila Hamilton deuda publica Cermeño, Rodolfo Hernández Trillo, Fausto Villagómez Amezcua, Alejandro Regímenes cambiantes, estructura de la deuda y fragilidad bancaria en México |
| title | Regímenes cambiantes, estructura de la deuda y fragilidad bancaria en México |
| title_alt | Changing regimes, debt structure and bank fragility in Mexico |
| title_full | Regímenes cambiantes, estructura de la deuda y fragilidad bancaria en México |
| title_fullStr | Regímenes cambiantes, estructura de la deuda y fragilidad bancaria en México |
| title_full_unstemmed | Regímenes cambiantes, estructura de la deuda y fragilidad bancaria en México |
| title_short | Regímenes cambiantes, estructura de la deuda y fragilidad bancaria en México |
| title_sort | regimenes cambiantes estructura de la deuda y fragilidad bancaria en mexico |
| topic | tequila crisis Hamilton public debt crisis del tequila Hamilton deuda publica |
| topic_facet | tequila crisis Hamilton public debt crisis del tequila Hamilton deuda publica |
| url | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/208 |
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