De dependencia e insolvencia: el Banco de Oaxaca, 1902-1909

Although the small Bank of Oaxaca was created in 1902, it was conceived of a year before, as a branch  of the Eastern  Bank of Mexico (Banco Oriental de México), property of Spanish capitalists in Puebla with backgrounds, interests and relatives in Oaxaca, whom they invited to participate in their p...

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Bibliographic Details
Main Author: Gamboa Ojeda, Leticia
Format: Online
Language:Spanish
Editor: El Colegio de México, A.C. 2006
Subjects:
Online Access:https://historiamexicana.colmex.mx/index.php/RHM/article/view/1568
Journal:

Historia Mexicana

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author Gamboa Ojeda, Leticia
author_facet Gamboa Ojeda, Leticia
author_sort Gamboa Ojeda, Leticia
category_str_mv "Bolivia", "hyperinflation", "economic crisis", "Bolivia", "hiperinflación", "crisis económica"
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description Although the small Bank of Oaxaca was created in 1902, it was conceived of a year before, as a branch  of the Eastern  Bank of Mexico (Banco Oriental de México), property of Spanish capitalists in Puebla with backgrounds, interests and relatives in Oaxaca, whom they invited to participate in their project. This work studies how the Bank of Oaxaca depended on the Eastern Bank during its brief existence (1902-1909), with special focus on the irregular and risky ways in which it operated,  based on a simulation  strategy: abiding the law, but actually breaking it; having a social capital that soon ceased to exist; enjoying liquidity in times of insolvency; and “merging” with the Banco Oriental instead of being incorporated. This strategy was implemented in the last period of the Bank of Oaxaca in order to disguise as success the failure produced by its corrupt operation.
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journal Historia Mexicana
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publishDate 2006
publisher El Colegio de México, A.C.
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Terms_governing_use_and_reproduction_note Derechos de autor 2016 Historia Mexicana
data_source_entry/ISSN Historia Mexicana; Vol. 56, Núm. 2 (222) octubre-diciembre 2006; 471-531
2448-6531
0185-0172
spelling oai:oai.historiamexicana.colmex.mx:article-15682022-04-19T19:36:08Z From Dependence to Insolvency: The Bank of Oaxaca, 1902-1909 De dependencia e insolvencia: el Banco de Oaxaca, 1902-1909 Gamboa Ojeda, Leticia Oaxaca Bank of Oaxaca Eastern Bank of Mexico economy 20th Century Oaxaca Banco de Oaxaca Banco Oriental de México economía siglo XX Although the small Bank of Oaxaca was created in 1902, it was conceived of a year before, as a branch  of the Eastern  Bank of Mexico (Banco Oriental de México), property of Spanish capitalists in Puebla with backgrounds, interests and relatives in Oaxaca, whom they invited to participate in their project. This work studies how the Bank of Oaxaca depended on the Eastern Bank during its brief existence (1902-1909), with special focus on the irregular and risky ways in which it operated,  based on a simulation  strategy: abiding the law, but actually breaking it; having a social capital that soon ceased to exist; enjoying liquidity in times of insolvency; and “merging” with the Banco Oriental instead of being incorporated. This strategy was implemented in the last period of the Bank of Oaxaca in order to disguise as success the failure produced by its corrupt operation. Aunque  el pequeño Banco de Oaxaca se fundó en 1902, se gestó un año antes como una sucursal  del Banco Oriental de México, éste de capitalistas españoles de Puebla, con antecedentes, intereses y paisanos en Oaxaca (invitados a participar  en aquél). Aquí se estudia la dependencia  que el primero  tuvo respecto del segundo  durante  su corta existencia (1902-1909), y sobre todo las formas  irregulares y riesgosas en que operó,  siguiendo  una estrategia de simulaciones: cumplir  con la ley y en realidad burlarla, tener un capital social que pronto se volvió ficticio, gozar de liquidez cuando imperó la insolvencia, ser “fusionado” al Oriental en vez de ser encubierto por éste; una estrategia, al fin de sus días, aplicada para disfrazar de éxito lo que había sido un fracaso, proveniente de un funcionamiento viciado. El Colegio de México, A.C. 2006-10-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://historiamexicana.colmex.mx/index.php/RHM/article/view/1568 Historia Mexicana; Vol. 56, Núm. 2 (222) octubre-diciembre 2006; 471-531 2448-6531 0185-0172 spa https://historiamexicana.colmex.mx/index.php/RHM/article/view/1568/1386 Derechos de autor 2016 Historia Mexicana
spellingShingle Oaxaca
Bank of Oaxaca
Eastern Bank of Mexico
economy
20th Century
Oaxaca
Banco de Oaxaca
Banco Oriental de México
economía
siglo XX
Gamboa Ojeda, Leticia
De dependencia e insolvencia: el Banco de Oaxaca, 1902-1909
title De dependencia e insolvencia: el Banco de Oaxaca, 1902-1909
title_alt From Dependence to Insolvency: The Bank of Oaxaca, 1902-1909
title_full De dependencia e insolvencia: el Banco de Oaxaca, 1902-1909
title_fullStr De dependencia e insolvencia: el Banco de Oaxaca, 1902-1909
title_full_unstemmed De dependencia e insolvencia: el Banco de Oaxaca, 1902-1909
title_short De dependencia e insolvencia: el Banco de Oaxaca, 1902-1909
title_sort de dependencia e insolvencia el banco de oaxaca 1902 1909
topic Oaxaca
Bank of Oaxaca
Eastern Bank of Mexico
economy
20th Century
Oaxaca
Banco de Oaxaca
Banco Oriental de México
economía
siglo XX
topic_facet Oaxaca
Bank of Oaxaca
Eastern Bank of Mexico
economy
20th Century
Oaxaca
Banco de Oaxaca
Banco Oriental de México
economía
siglo XX
url https://historiamexicana.colmex.mx/index.php/RHM/article/view/1568
work_keys_str_mv AT gamboaojedaleticia fromdependencetoinsolvencythebankofoaxaca19021909
AT gamboaojedaleticia dedependenciaeinsolvenciaelbancodeoaxaca19021909