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A comparative study about commercial Banks and non-commercial Banks savings schemes

Author

Listed:
  • Arturo Cordova,

    (Universidad Politécnica de Aguascalientes, México)

  • Arturo García-Santillan,

    (Universidad Cristóbal Colón, México)

  • Karen Ochoa-Vela,

    (Universidad Cristóbal Colón, México)

  • Jacaranda Denisse Maya- Parra,

    (Universidad Cristóbal Colón, México)

  • María Fernanda Valenzuela-Fernández

    (Universidad Cristóbal Colón, México)

Abstract

Even though profits can be positively related to savings, when this is measured in monetary terms, there is no relation whatsoever with savings rates. In this research paper savings schemes in Mexico are compared and analyzed using data from Mexican savings and first-tier banks. One of the main reasons Mexico has a low savings rate is because of the country’s slow growth, whereas inflation is incrementing at an accelerated pace. People who save, which are considered as investors in banks, assume all the risks when they take their savings to any number of different renowned banks in the country. In contrast to banking institutions, who always end up having a benefit even when their investors suffer a monetary loss related to value of money.

Suggested Citation

  • Arturo Cordova, & Arturo García-Santillan, & Karen Ochoa-Vela, & Jacaranda Denisse Maya- Parra, & María Fernanda Valenzuela-Fernández, 2017. "A comparative study about commercial Banks and non-commercial Banks savings schemes," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 6(1), pages 1-58, January.
    • Handle: RePEc:scm:ecofrm:v:6:y:2017:i:1:p:58
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    References listed on IDEAS

    as
    1. Annamaria Lusardi, 2008. "Household Saving Behavior: The Role of Financial Literacy, Information, and Financial Education Programs," NBER Working Papers 13824, National Bureau of Economic Research, Inc.
    2. Annamaria Lusardi & Olivia S. Mitchell, 2017. "How Ordinary Consumers Make Complex Economic Decisions: Financial Literacy and Retirement Readiness," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 7(03), pages 1-31, September.
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