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El financiamiento de la banca comercial y el mercado de capitales: su relación con la desigualdad en la distribución del ingreso en México

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  • Chamorro-Gómez, José Augusto

    (Instituto Politécnico Nacional)

  • Domínguez-Blancas, Christian Said

    (Instituto Politécnico Nacional)

  • García-Morales, María Isabel

    (Instituto Politécnico Nacional)

Abstract

En el presente trabajo se analiza la relación entre el financiamiento de la banca comercial y el mercado de capitales con la desigualdad en la distribución del ingreso en México. Se encuentra que el financiamiento de la banca comercial a las empresas se asocia con las disminuciones en la desigualdad de la distribución del ingreso, mientras que el financiamiento del mercado de capitales se asocia con los aumentos en la desigualdad. Esto se explica por qué la banca comercial puede otorgar financiamiento a una mayor diversidad de prestatarios que incluyen hogares y MiPymes que generan alrededor del 50% del producto y la mayor parte del empleo en México. En cambio, el mercado de capitales se mantiene restringido a grandes empresas cuyo número incluso ha disminuido./ This paper analyze the relationship between financing from commercial banks and the capital market with unequal income distribution in Mexico. It is found that the financing of commercial banking to companies is associated with decreases in inequality of income distribution, while the capital market financing is associated with increases in inequality. This is because commercial banks can provide financing to a wider range of borrowers including households and MSMEs, which generate about 50% of the product and the bulk of employment in Mexico. Instead, the capital market remains restricted to large companies, whose number has decreased.

Suggested Citation

  • Chamorro-Gómez, José Augusto & Domínguez-Blancas, Christian Said & García-Morales, María Isabel, 2017. "El financiamiento de la banca comercial y el mercado de capitales: su relación con la desigualdad en la distribución del ingreso en México," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 12(24), pages 115-144, Primer se.
    • Handle: RePEc:ipn:panora:v:12:y:2017:i:24:p:115-144
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    More about this item

    Keywords

    distribución del ingreso; sistema financiero; financiamiento./ income distribution; financial system; financing.;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • D3 - Microeconomics - - Distribution

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