Central Bank of Nigeria Library

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Mexican financial development/

By: Contributor(s): Material type: TextTextPublication details: Austin: University of Texas Press, [1966]Description: xi, 236 pSubject(s): DDC classification:
  • 332.0972 BRO
LOC classification:
  • HG185.M6 B7
Summary: This is a fine addition to the growing body of literature on Mexican development. The authors begin with a synopsis of the pre-1940 financial system, pass on to their major task of describing and explaining Mexico's financial history in the 1940-1960 period, and conclude with a review of post-1960 developments. Their major task they divide into two parts. The first is a detailed descriptive history (by far the best yet published), of financial institutions, instruments, policies, and procedures. The second is a theoretical attempt to explain both the behavior of the monetary authorities and the growth of "financial intermediation." The authors argue convincingly that the power of the central bank to control the money supply using traditional quantitative controls is severely limited in a country like Mexico.
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Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 332.0972 BRO (Browse shelf(Opens below)) Available 31008100149547

"The sections ... originally drafted in Spanish were translated into English by Marian Berdecio."

Bibliography: p. [209]-221.

This is a fine addition to the growing body of literature on Mexican development. The authors begin with a synopsis of the pre-1940 financial system, pass on to their major task of describing and explaining Mexico's financial history in the 1940-1960 period, and conclude with a review of post-1960 developments. Their major task they divide into two parts. The first is a detailed descriptive history (by far the best yet published), of financial institutions, instruments, policies, and procedures. The second is a theoretical attempt to explain both the behavior of the monetary authorities and the growth of "financial intermediation." The authors argue convincingly that the power of the central bank to control the money supply using traditional quantitative controls is severely limited in a country like Mexico.

rpm 02/05/2018

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