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Federal against local governments: political accountability under asymmetric information
(Centro de Investigación y Docencia Económicas, División de Economía, 2006)
We model a situation in which the voters are or not fooled by the local
or/and the federal government, and their capability of accounting the
behavior of the governments, when they are not fully informed about which
are ...
Rating sub - national government debt in LDCs: does size matter?
(Centro de Investigación y Docencia Económicas, División de Economía, 2006)
In this paper we study the determinants of both the decision to be rated and the ratings for sub-national governments in a prominent LDC, Mexico. One of the main findings is that entity size does matter; as a matter of ...
Competencia bancaria en México
(Centro de Investigación y Docencia Económicas, División de Economía, 2006)
Este estudio realiza un análisis sobre la competencia bancaria en México, desde la perspectiva de la teoría de mercados impugnables. En particular, se argumenta que la competencia entre bancos debe analizarse desde un ...
Is local beautiful? Decentralization in Mexico in the presence of elite capture
(Centro de Investigación y Docencia Económicas, División de Economía, 2006)
Based on growing theoretical literature, we present evidence from Mexico regarding the weak effectiveness of federal transfers and low absorption capacity of states and municipalities in poor countries in the presence of ...