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Restricciones de liquidez, canal de crédito y consumo en México

Author

Listed:
  • Ramón A. Castillo Ponce

    (Departamento de Estudios Económicos, El Colegio de la Frontera Norte.)

Abstract

The document evaluates the importance of the credit market on consumption in Mexico. A test of the Permanent Income Hypothesis indicates that consumers face liquidity constraints. Considering financing to the private non-banking sector by commercial banks as well as the spread between borrowing and lending rates as proxies of credit market conditions, it is shown that these are important determinants of consumption. In addition, the document finds that there exists transmission mechanism of monetary policy, credit channel, for consumption.

Suggested Citation

  • Ramón A. Castillo Ponce, 2003. "Restricciones de liquidez, canal de crédito y consumo en México," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(1), pages 65-101, January-J.
    • Handle: RePEc:emc:ecomex:v:12:y:2003:i:1:p:65-101
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    File URL: http://www.economiamexicana.cide.edu/num_anteriores/XII-1/03RAMON_CASTILLO.pdf
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    Citations

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    Cited by:

    1. Oscar de Jesús Gálvez-Soriano & Miguel Ramírez-Loyola & Dixia Vega Valdivia, 2022. "Informalidad, pobreza y consumo en México: Evidencia empírica entre 1993 y 2019," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(2), pages 1-20, Abril - J.
    2. Oscar Pérez Rodriguez, 2014. "Inversión y endeudamiento en Colombia: un análisis de financiación y sostenibilidad," Revista CIFE, Universidad Santo Tomás, September.
    3. Barrail, Zulma, 2020. "Business cycle implications of rising household credit market participation in emerging countries," Journal of Economic Dynamics and Control, Elsevier, vol. 116(C).

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