Competition and Efficiency in the Mexican Banking Industry (PDF)

Sara G. Castellanos is Senior Economist at the Central Bank of Mexico (Banco de México). She worked as an economic researcher at the Economic Research Directorate and the Payment System Directorate of Banco de México from 1998 to 2009, as Principal Economist at BBVA Bancomer from 2009 to 2013, and as Chief Economist of the Mexican Antitrust Authority (Comisión Federal de Competencia Económica) from November 2013 to February 2015. She obtained her BA in Economics at Instituto Tecnológico Autónomo de México (1993) and her MA (1995) and PhD in Economics (1998) at the University of California, Los Angeles, USA.

Gustavo A. Del Angel is Professor at Centro de Investigación y Docencia Económica (CIDE), Mexico. He was Professeur Visitant at the Universite de Paris III in 2006 and Researcher at the UC-San Diego in 2000. In 2009-2011 he worked in Banco de México. In the last ten years, he has participated in consulting projects for public sector entities, international organizations, private sector companies, and NGOs. He has been a non-executive director in several microfinance organizations. Prior to obtaining his PhD, he worked in the commercial banking industry. He holds a BA in Economics from Instituto Tecnológico Autónomo de México (1992) and a PhD in History from Stanford University, USA (2002).

Jesús Gustavo Garza-García is Chief Mexico Economist at Itaú BBA, Mexico. Before joining Itaú, he worked at the Mexican Ministry of Finance as the Deputy General Director of International Financial Organizations and as the Director of Financial Planning and Head of Investor Relations. Previously, he was a financial researcher at the Directorate of Financial Stability of Banco de México. Jesus holds a BA in Economics from Instituto Tecnológico de Estudios Superiores de Monterrey, Mexico (2002), and an MSc in Financial Economics (2005) and PhD in Finance (2009) from the University of Essex, UK.

"Competition and Efficiency in the Mexican Banking Industry provides an excellent insight into the productivity and performance features of a major emerging economy. The text will provide an invaluable resource for academics, policymakers, and practitioners interested in banking system reform." - Philip Molyneux, Professor of Banking and Finance, Bangor University, United Kingdom

"Theories and evidence combine in this book to provide a rich and thorough analysis of the evolving features of the Mexican banking system over the last three decades. The book is a must for researchers, policymakers and practitioners around the globe seeking efficient ways to achieve the dual goal of competitive and stable banking systems."- Liliana Rojas-Suarez, Senior Fellow and Chair of the Latin America Shadow Financial Regulatory Committee, Center for Global Development, USA

"The degree of competition in banking is a crucial question for academics, policy makers, and the public at large, because it affects not only the interest rates paid by non-financial firms and consumers, but it also affects the availability of credit to entrepreneurs and new market entrants. Many strong claims have been made about the structure-ownership-efficiency-credit pricing and availability relationship in Mexico, but there have been few studies that have drawn on frontier methods to assess those claims. Competition and Efficiency in the Mexican Banking Industry is a notable exception: Castellanos, Del Ángel, and Garza-García have written a book based on reason and evidence, and have done so in a style that is admirably clear."- Stephen Haber, Peter and Helen Bing Senior Fellow at the Hoover Institution and the A.A. and Jeanne Welch Milligan Professor, Stanford University, USA