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| Castañeda, Gonzalo. |
| This paper shows that, in the aftermath of the 1995 banking crisis, relational financing was a two-edged sword for firms listed on the Mexican Securities Market. On the negative side, only bank-linked firms observed on average a dependence on cash stock to finance their investment projects. On the positive side, the banking connection was important to boost their profit rates during the 1997-2000 period, at least for financially healthy firms. These econometric results are derived from dynamic panel data models of investment and profit rates, which are estimated by the Generalized Method of Moments, where level and difference equations are combined into a system. |
| Tipo: Journal Article |
Palavras-chave: Relational financing; Banking crisis; Internal capital markets; L25; D82; N26. |
| Ano: 2005 |
URL: http://purl.umn.edu/37460 |
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| Ronchi, Veronica. |
| During the '90s most Latin American countries were submitted to neoliberal structural reform policies. Neoliberal policies imposed market supremacy, reduced the State's role in the economy and deregulated the markets. This paper aims at describing how these policies affected the most important macroeconomic indexes, with special emphasis on Argentina and Mexico, the two countries that suffered most from the economic crises of the '80s and '90s, and where the neoliberal policies were applied with greater orthodoxy. In spite of a slight improvement in some macroeconomic indexes, in Latin America neoliberalism failed to reduce poverty and unemployment, and was unable to guarantee a fair distribution of the wealth and improve welfare. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Latin America; Mexico; Argentina; '90s; Neoliberalism; Political Economy; E21; E22; E24; E26; N16; N26; N36; O16. |
| Ano: 2007 |
URL: http://purl.umn.edu/9335 |
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| Ronchi, Veronica. |
| The state of anomie that has characterised and still characterises most Latin American countries, resulting from the fragmentation of the social fabric, has encouraged the rise of successful personalist leaderships in the 90s. This paper aims at investigating how neopopulism developed in Latin America, considering as main actors the two Presidents who have best embodied this ideal: Carlos Salinas de Gortari, (Mexico 1988-1994) and Carlos Menem (Argentina 1989-1999). Neopopulism is based on an economic project, the neoliberal policy based on cuts in the welfare, which seems very far from the populist positions of the past. Populism revives through the charisma of these Presidents, bypassing institutional or organisational forms of mediation between the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Latin America; Mexico; Argentina; 90s; Populism; Neopopulism; Political Economy; I38; J88; N16; N26; N36; N46. |
| Ano: 2007 |
URL: http://purl.umn.edu/9336 |
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