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What is Mexican Crisis

Chapter 3
Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance
Refers to the economic and financial crisis that began in late 1994 when the Mexican peso devalued, causing disruption in the Mexican economy that then spread through other countries of Latin America.Peso crisis (Dictionary Central, 2013 AU89: The in-text citation "Dictionary Central, 2013" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. )
Published in Chapter:
A Resource-Based Approach to Mergers and Concentration of the Banking System in Mexico post Crisis 1994
José G. Vargas-Hernández (University of Guadalajara, Mexico)
Copyright: © 2014 |Pages: 24
DOI: 10.4018/978-1-4666-5154-8.ch003
Abstract
The strength of the companies is sustained in the resources that it owns that can be considered like a barrier to the entrance for other companies. The case of the banking sector of these resources was affected by the crisis of 1994, devastated with the anti-crisis measures and the entrance of foreign competitors at the end of the 1990s. Under this environment, this chapter analyzes the acceleration of the concentration at the Mexican banking system based on the resource-based theory. To have competitive advantages in resources and a solid global expansion strategy, foreign banks were able to climb to a position in the Mexican banking system, with the subsequent generation of barriers to entry to maintain its leadership.
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