dc.creator | Lartigue-Mendoza, Jacques | |
dc.creator | Ayala-Navarro, Kenneth | |
dc.creator | Sauri-Alpuche, Gustavo | |
dc.date.accessioned | 2020-08-21 00:00:00 | |
dc.date.accessioned | 2023-01-23T16:15:29Z | |
dc.date.accessioned | 2023-06-05T16:58:59Z | |
dc.date.available | 2020-08-21 00:00:00 | |
dc.date.available | 2023-01-23T16:15:29Z | |
dc.date.available | 2023-06-05T16:58:59Z | |
dc.date.created | 2020-08-21 00:00:00 | |
dc.date.created | 2023-01-23T16:15:29Z | |
dc.date.issued | 2020-08-21 | |
dc.identifier | 10.14718/revfinanzpolitecon.v12.n2.2020.2814 | |
dc.identifier | 2011-7663 | |
dc.identifier | 2248-6046 | |
dc.identifier | https://hdl.handle.net/10983/29406 | |
dc.identifier | https://doi.org/10.14718/revfinanzpolitecon.v12.n2.2020.2814 | |
dc.identifier.uri | https://repositorioslatinoamericanos.uchile.cl/handle/2250/6648527 | |
dc.description.abstract | La presente investigación analiza, desde la perspectiva de la teoría microeconómica, las condiciones de competencia y la existencia de poder de mercado en el mercado mexicano de la banca comercial. Las estimaciones econométricas, basadas en series de tiempo, indican una baja elasticidad precio de la demanda para el crédito bancario que, en combinación con altas tasas de participación de mercado, indican conforme al índice de Lerner un elevado poder de mercado en posesión de los grandes bancos. Los valores de dicho índice se estiman entre 0.11 y 0.68 para los siete bancos más grandes, 0.00 para los bancos pequeños, y 0.34 para el promedio ponderado de la totalidad del mercado. Por su parte, los indicadores de
competencia confirman el ejercicio del poder de mercado y la inexistencia de un mercado competitivo, durante al menos la última década, resultando en un amplio porcentaje de agentes económicos no atendidos por la banca comercial. | |
dc.description.abstract | This study assesses, from a microeconomic theoretical perspective, competition conditions and market power in the Mexican commercial banking market. Our econometric estimations, using time series, indicate a low price elasticity of demand for bank credit, which, in combination with high market shares and according to the Lerner index, indicates that major banks have elevated market power; the proffered
values of the Lerner index range between (0.11) and (0.68) for the seven leading banks, (0.00) for small banks, and (0.34) for the weighted average of the entire market. On the other hand, the estimated competition indicators confirm the exercise of market power and the lack of a competitive market, during at least the last decade, resulting in a large fraction of unserved economic agents by commercial banks. | |
dc.language | eng | |
dc.publisher | Universidad Católica de Colombia | |
dc.relation | https://revfinypolecon.ucatolica.edu.co/article/download/2814/3680 | |
dc.relation | https://revfinypolecon.ucatolica.edu.co/article/download/2814/3526 | |
dc.relation | https://revfinypolecon.ucatolica.edu.co/article/download/2814/3837 | |
dc.relation | Núm. 2 , Año 2020 : Vol. 12 Núm. 2 (2020) | |
dc.relation | 402 | |
dc.relation | 2 | |
dc.relation | 367 | |
dc.relation | 12 | |
dc.relation | Revista Finanzas y Política Económica | |
dc.relation | Arteaga García, J. C. (2001). El poder de mercado o eficiencia: Origen de las utilidades del sistema bancario mexicano de 1995. Ensayos, 20(1) 35–48. | |
dc.relation | Banco de México. (2011). Reporte sobre el sistema financiero. https://www.banxico.org.mx/publicaciones-y-prensa/reportes-sobre-el-sistema-financiero/%7B65E405B8-C43CBFD6-D212-657F84F9F8BF%7D.pdf | |
dc.relation | Banco de México. (2012). Reporte sobre el sistema financiero. https://www.banxico.org.mx/publicaciones-y-prensa/reportes-sobre-el-sistema-financiero/%7BEF0FAB66-579B-4D0F-51F7-A03516763FD4%7D.pdf | |
dc.relation | Banco de México. (2013). Reporte sobre las condiciones de competencia en el mercado de emisión de tarjetas de crédito. https://www.banxico.org.mx/publicaciones-y-prensa/reportes-sobre-las-condiciones-de-competencia-en-l/%7B9A9ADEB4-7D4E-8307-B645- DB78A8A91ADE%7D.pdf | |
dc.relation | Beck, T., Levine, R., & Levkov, A. (2010). Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States. The Journal of Finance, 65(5), 1637–1667. http://openaccess.city.ac.uk/13645/ | |
dc.relation | Belleflamme, P. & Peitz, M. (2012). Industrial Organization, Markets and Strategies. New York: Cambridge University Press. | |
dc.relation | Berger, A., & Hannan, T. (1998). The Efficiency Cost of Market Power in the Banking Industry: A Test of the “Quiet Life” and Related Hypotheses. The Review of Economics and Statistics, 80(3), 454–465. https://www.mitpressjournals.org/doi/10.1162/003465398557555 | |
dc.relation | Bruhn, M., & Love, I. (2009). The Economic Impact of Banking the Unbanked: Evidence from Mexico. World Bank Policy Research Working Paper Series. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428628 | |
dc.relation | Caprio, G., & Honohan, P. (2001). Finance for Growth: Policy Choices in a Volatile World. Washington, D.C.: World Bank and Oxford University Press. https://mpra.ub.unimuenchen.de/9929/1/Finance_for_Growth_Complete_.pdf | |
dc.relation | Carbó, S., López, R., & Rodríguez, F. (2003). Medición de la competencia en mercados bancarios regionales. Revista de Economía Aplicada, 32(XI), 5–33. | |
dc.relation | Carlton, D. & Perloff, J. (2004). Modern Industrial Organization. London: Pearson. | |
dc.relation | Cetorelli, N., & Strahan, P. (2006). Finance as a Barrier to Entry: Bank Competition and Industry Structure in Local U.S. Markets. The Journal of Finance, 61(1), 437–461. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=506002 | |
dc.relation | Chavarín Rodríguez, R. (2015). Determinants of Commercial Bank Profitability in Mexico. EconoQuantum, 12(1), 97–123. | |
dc.relation | Chortareas, G., Garza-García, J., & Girardone, C. (2009). Market Structure, Profits, and Spreads in the Mexican Banking Industry. Banks and Bank Systems, 4(3), 43–52. | |
dc.relation | Chortareas, G., Garza-García, J., & Girardone, C. (2011). Banking Sector Performance in Latin America: Market Power versus Efficiency. Review of Development Economics, 15(2), 307–325. | |
dc.relation | Comisión Federal de Competencia Económica. (2014). Trabajo de investigación y recomendaciones sobre las condiciones de competencia en el sector financiero y sus mercados. http://gaceta.diputados.gob.mx/Gaceta/62/2014/jul/E.S.F.Cofece-20140725.pdf | |
dc.relation | Comisión Económica para América Latina y el Caribe. (2006). Competencia bancaria en México. https://www.cepal.org/es/publicaciones/4988-competencia-bancaria-mexico | |
dc.relation | Comisión Nacional Bancaria y de Valores. (2001 to 2019). Boletines estadísticos de banca múltiple [Statistical Bulletins]. https://portafolioinfo .cnbv.gob.mx/PUBLICACIONES/Boletines/Paginas/BM.aspx | |
dc.relation | Davis, P. & Garcés, E. (2010). Quantitative Techniques for Competition and Antitrust Analysis. New Jersey: Princeton University Press. | |
dc.relation | Dehejia, R., Montgomery, H., & Morduch, J. (2012). Do Interest Rates Matter? Credit Demand in the Dhaka Slums. Journal of Development Economics, 97(2), 437–449. https://www.adb.org/sites/default/files/publication/157218/adbi-rp69.pdf | |
dc.relation | Estrada, E. (2016). Competition and Product Differentiation in the Mexican Credit Card Market. El Trimestre Económico, 83(332), 573–634. http://www.scielo.org.mx/pdf/ete/v83n332/2448-718X-ete-83-332-00573.pdf | |
dc.relation | Fu, X., Lin, Y., & Molyneux, P. (2014). Bank Competition and Financial Stability in Asia Pacific. Journal of Banking & Finance, 38(1), 64–77. https://ideas.repec.org/a/eee/jbfina/v38y2014icp64-77.html | |
dc.relation | Garza-García, J.G. (2012). Determinants of Bank Efficiency in Mexico: A Two-Stage Analysis. Applied Economics Letters, 19, 1679–1682. | |
dc.relation | Gómez Rodríguez, T., Ríos Bolívar, H., & Zambrano Reyes, A. (2018). Competencia y estructura de mercado del sector bancario en México. Revista Contaduría y Administración, 63(1). | |
dc.relation | Gruben, W., & McComb, R. (2003). Privatization, Competition, and Supercompetition in the Mexican Commercial Banking System. Journal of Banking & Finance, 27(2), 229–249. | |
dc.relation | Guerrero, R. & Villalpando, M. (2009). Rentabilidad, concentración y eficiencia en el sistema bancario mexicano. El Trimestre Económico, 76(301), 237–263. https://www.redalyc.org/pdf/313/31340958001.pdf | |
dc.relation | Gujarati, D. (2010). Econometría. 5ta ed. México: McGraw Hill. | |
dc.relation | Greene, W. (2018). Econometric Analysis. London: Pearson. | |
dc.relation | Gross, D. & Souleles (2002). Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data. The Quarterly Journal of Economics, 117(1), 149–185. | |
dc.relation | International Monetary Fund. (2016). IMF Country Report No. 16/361, Mexico: Financial System Stability Assessment. https://www.imf.org/external/pubs/ft/scr/2016/cr16361.pdf | |
dc.relation | Instituto Nacional de Estadística y Geografía. (2018a). Encuesta Nacional de Inclusión Financiera 2018, ENIF [National Financial Inclusion Survey]. https://www.cnbv.gob.mx/Inclusi%C3%B3n/Documents/Encuesta%20Nacional%20de%20IF/ENIF%202015.pdf | |
dc.relation | Instituto Nacional de Estadística y Geografía. (2018b). Encuesta Nacional sobre Productividad y Competitividad de las Micro, Pequeñas y Medianas Empresas 2018, ENAPROCE [National Survey on Productivity and Competitiveness of Micro, Small and Medium Businesses]. https://www.inegi.org.mx/programas/enaproce/2015/ | |
dc.relation | Karlan, D., & Zinman, J. (2005). Elasticities of Demand for Consumer Credit. Economic Growth Center, Yale University. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=838406 | |
dc.relation | Karlan, D., & Zinman, J. (2008). Credit Elasticities in Less-Developed Economies: Implications for Microfinance. American Economic Review, 98(3), 1040–1068. https://pdfs.semanticscholar.org/2a0f/93da16c27d86dbbc2431c734498aaf9c16ce.pdf | |
dc.relation | King, R., & Levine, R. (1993). Finance and Growth: Schumpeter Might be Right. The Quarterly Journal of Economics, 108, 717–737. https://pdfs.semanticscholar.org/e711/b61ec85cd2b09d43a6737abe94035fa0e652.pdf | |
dc.relation | Levine, R. (1997). Financial Development and Economic Growth: Views and Agenda. Journal of Economic Literature, 35(2), 688–726. https://www.academia.edu/2438532/Financial_development_and_economic_growth_views_and_agend | |
dc.relation | Liu, H., Molyneux, P., & Nguyen, L. (2012). Competition and Risk in South East Asian Commercial Banking. Applied Economics, 44(28), 3627–3644. https://www. researchgate.net/publication/233112297_Competition_and_risk_in_South_East_Asian_commercial_banking | |
dc.relation | Mas-Colell, A., Whinston, M., & Green, J. (2009). Microeconomic Theory. New York: Oxford University Press. | |
dc.relation | Maudos, J. & Solís, L. (2011). Deregulation, Liberalization and Consolidation of the Mexican Banking System: Effects on Competition. Journal of International Money & Finance, 30, 337–353. https://www.sciencedirect.com/science/article/pii/S0261560610000999 | |
dc.relation | Mota, M. (2004). Competition Policy. Theory and Practice. Cambridge University Press. | |
dc.relation | Organización para el Crecimiento y el Desarrollo Económico. (2011). Estudios económicos de la OCDE: México. https://www.oecd.org/centrodemexico/47905766.pdf | |
dc.relation | Pindyck, R & Rubinfeld, D. (2001). Econometría, modelos y pronósticos. México:McGraw Hill. | |
dc.relation | Ponce, A., Seira, E., & Zamarripa, G. (2017). Borrowing on the Wrong Credit Card? Evidence from Mexico. American Economic Review, 107(4), 1335–1361. https://www.aeaweb.org/articles?id=10.1257/aer.20120273 | |
dc.relation | Rodríguez Montemayor, E. (2003). Concentración industrial y rentabilidad de la banca en México: Evaluación posterior a la crisis de 1995. El Trimestre Económico, 70(278(2)), 371-404. www.jstor.org/stable/20856782 | |
dc.relation | Shaffer, S. (1989). Competition in the US Banking Industry. Economic Letters, 29(4), 321–323. | |
dc.relation | Solís, L., & Maudos, J. (2008). The Social Costs of Bank Market Power: Evidence from Mexico. Journal of Comparative Economics, 36(3), 467–488. https://www.researchgate. net/publication/23776172_The_Social_Costs_of_Bank_Market_Power_Evidence_from_Mexico | |
dc.relation | Tirole, J. (1988). The Theory of Industrial Organization. Boston: MIT Press. | |
dc.relation | Urzúa, C. (2009). Efectos sobre el bienestar social de las empresas con poder de mercado en México. Finanzas Públicas, 1(1), 79–118. | |
dc.rights | info:eu-repo/semantics/openAccess | |
dc.rights | http://purl.org/coar/access_right/c_abf2 | |
dc.rights | https://creativecommons.org/licenses/by-nc-sa/4.0/ | |
dc.rights | Jacques Lartigue Mendoza, Kenneth Ayala Navarro, Gustavo Sauri Alpuche - 2020 | |
dc.source | https://revfinypolecon.ucatolica.edu.co/article/view/2814 | |
dc.subject | Mexican commercial banking market | |
dc.subject | Competition conditions | |
dc.subject | Market power | |
dc.subject | Mercado de la banca comercial mexicana | |
dc.subject | Condiciones de competencia | |
dc.subject | Poder de mercado | |
dc.title | Condiciones de competencia y poder de mercado de la banca comercial mexicana: un enfoque desde la teoría microeconómica | |
dc.type | Artículo de revista | |