The nexus between business groups and banks: Mexico, 1932–1982

What is it about?

A study that explains how business groups and conglomerates relate to banks. The paper uses the case of Mexico, in a period when banks were closely related to business conglomerates.

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Why is it important?

The paper explains, using a country case, that the relationship between business conglomerates and banks is more diverse than expected by theory. Moreover, these relationships evolve over time and change. This is illustrated with the case of Mexican banks.