Resumen

LEVY ORLIK, Noemí. Nuevo comportamiento de los bancos y su efecto en países con mercados financieros débiles: el caso de México. Prob. Des [online]. 2005, vol.36, n.141, pp.59-84. ISSN 0301-7036.

The aim of this study is to analyze the functioning of the Mexican banking system in the light of the post-Keynesian theory of the endogeneity of money and of the institutional changes occurring in the last three decades. It is argued that the contraction of bank loans is due, on the one hand, to a fall in the demand for credit, the independence of investment with respect to the interest rate and the availability of credit; and, on the other hand, to the fact that the banks were able to reduce their loans thanks to growing financial margins resulting from an oligopolistic financial structure, which limited the development of the non-bank financial markets. This is explained by the domination of government securities in the financial market.

Palabras llave : banks; post-Keynesian theory; institutional changes; Mexican financial system.