FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1546228413> ?p ?o ?g. }

• W1546228413 abstract "The global dimension of Mexico's 1994 financial crisis brought a renewed interest in the institutional framework of international finance. The failure of Mexico's financial reform raises important questions. At the level of policy-making, the prescriptions based on the premise of less state intervention and a major role for the market have to be taken more cautiously. At the level of analysis, the role of institutions has to be emphasised more in the explanations of the effects of policy decisions upon economic behaviour. The purpose of this thesis is twofold. First, it tries to explain President Salinas's success in implementing a far-reaching programme of economic liberalisation, despite the fact that pro-market policies are not particularly popular in Mexico. Second, it tries to explain the apparent failure of the financial reform, despite the fact that it conformed to the dominant orthodoxy and was implemented by a technically proficient technocracy. The favoured approach in this thesis says that Mexico's financial reform was the result of political entrepreneurship. The charismatic leadership of President Salinas aligned a powerful coalition of support for economic reform. Salinas used extensively the organisational and institutional infrastructure of the quasi-authoritarian Mexican state to overcome the 'legitimacy deficit' of his government. Regarding Mexico's 1994 financial crisis, the evidence points to the combination of three sets of interrelated factors. First, the financial reform stifled domestic savings and re-directed most of the capital inflows towards portfolio investment. Second, the end- of-sexenio political cycle that produced a great deal of political turmoil and economic uncertainty. Third, the policy mistakes that exacerbated the size and depth of the crisis. The thesis is organised into three parts. The first part-chapters one to four-develops the framework, both theoretical and historical. The analysis addresses four main themes: state autonomy, external dependency of domestic states on international capital, political change under President Carlos Salinas and financial policy. The second part presents the analysis of three cases of institutional change in the financial system-development banking reform, commercial banking privatisation and autonomy of the central bank. Each case study shows how the reforms conformed to the ideas of the dominant consensus on economic policy and how they delivered an inefficient incentive structure. The third part-chapter eight-brings together all the elements presented throughout the thesis to establish the relationship between the financial reform under President Salinas and the 1994 financial crisis." @default.
• W1546228413 created "2016-06-24" @default.
• W1546228413 creator A5053079153 @default.
• W1546228413 creator A5087860380 @default.
• W1546228413 date "2000-01-01" @default.
• W1546228413 modified "2023-09-24" @default.
• W1546228413 title "The political economy of Mexico's financial reform, 1988-1994" @default.
• W1546228413 hasPublicationYear "2000" @default.
• W1546228413 type Work @default.
• W1546228413 sameAs 1546228413 @default.
• W1546228413 citedByCount "0" @default.
• W1546228413 crossrefType "dissertation" @default.
• W1546228413 hasAuthorship W1546228413A5053079153 @default.
• W1546228413 hasAuthorship W1546228413A5087860380 @default.
• W1546228413 hasConcept C10138342 @default.
• W1546228413 hasConcept C105639569 @default.
• W1546228413 hasConcept C138921699 @default.
• W1546228413 hasConcept C139719470 @default.
• W1546228413 hasConcept C162324750 @default.
• W1546228413 hasConcept C17744445 @default.
• W1546228413 hasConcept C185656870 @default.
• W1546228413 hasConcept C199539241 @default.
• W1546228413 hasConcept C2778300220 @default.
• W1546228413 hasConcept C2779783285 @default.
• W1546228413 hasConcept C34447519 @default.
• W1546228413 hasConcept C58823610 @default.
• W1546228413 hasConcept C74363100 @default.
• W1546228413 hasConcept C94625758 @default.
• W1546228413 hasConceptScore W1546228413C10138342 @default.
• W1546228413 hasConceptScore W1546228413C105639569 @default.
• W1546228413 hasConceptScore W1546228413C138921699 @default.
• W1546228413 hasConceptScore W1546228413C139719470 @default.
• W1546228413 hasConceptScore W1546228413C162324750 @default.
• W1546228413 hasConceptScore W1546228413C17744445 @default.
• W1546228413 hasConceptScore W1546228413C185656870 @default.
• W1546228413 hasConceptScore W1546228413C199539241 @default.
• W1546228413 hasConceptScore W1546228413C2778300220 @default.
• W1546228413 hasConceptScore W1546228413C2779783285 @default.
• W1546228413 hasConceptScore W1546228413C34447519 @default.
• W1546228413 hasConceptScore W1546228413C58823610 @default.
• W1546228413 hasConceptScore W1546228413C74363100 @default.
• W1546228413 hasConceptScore W1546228413C94625758 @default.
• W1546228413 hasLocation W15462284131 @default.
• W1546228413 hasOpenAccess W1546228413 @default.
• W1546228413 hasPrimaryLocation W15462284131 @default.
• W1546228413 hasRelatedWork W1489510804 @default.
• W1546228413 hasRelatedWork W1497864978 @default.
• W1546228413 hasRelatedWork W1558214095 @default.
• W1546228413 hasRelatedWork W1565039682 @default.
• W1546228413 hasRelatedWork W1584501900 @default.
• W1546228413 hasRelatedWork W1590582010 @default.
• W1546228413 hasRelatedWork W1982799350 @default.
• W1546228413 hasRelatedWork W2008632072 @default.
• W1546228413 hasRelatedWork W2018045593 @default.
• W1546228413 hasRelatedWork W2067342200 @default.
• W1546228413 hasRelatedWork W2071182405 @default.
• W1546228413 hasRelatedWork W2121101947 @default.
• W1546228413 hasRelatedWork W2140512343 @default.
• W1546228413 hasRelatedWork W2167030999 @default.
• W1546228413 hasRelatedWork W2167780415 @default.
• W1546228413 hasRelatedWork W2170095013 @default.
• W1546228413 hasRelatedWork W2482986833 @default.
• W1546228413 hasRelatedWork W2736830910 @default.
• W1546228413 hasRelatedWork W2903044730 @default.
• W1546228413 hasRelatedWork W2943948553 @default.
• W1546228413 isParatext "false" @default.
• W1546228413 isRetracted "false" @default.
• W1546228413 magId "1546228413" @default.
• W1546228413 workType "dissertation" @default.