Summary
Foreign direct investment (FDI) has transformed Mexico's banking system over the past decade and made it the most foreign owned financial sector in Latin America. This paper traces the foreign investments and resulting structural changes in Mexico's banking sector, identifies key impacts on Mexican finance, and evaluates the results from an economic and development perspective.
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About the Author
Jacob Steinfeld is the Junior Fellow on the Trade, Equity, and Development Project. He is a former Fulbright Binational Business Scholar in Mexico and a graduate of Emory University.
