AN ANALYSIS OF COMMERCIAL BANKING FINANCING IN MEXICO 1994-2022

After almost thirty years, a growing commercial and financial openness has been observed, as well as a significant reduction in the participation of the State in the Mexican economy, changes that were originally established as first generation structural reforms and with the government of 2012. These changes were continued with the second-generation reforms (legal regulations). In the original narrative, these macro changes would bring about high rates of economic growth as credit would flow to sectors that needed it to encourage productive activities that the Mexican government had not been able to help. However, this has not happened. In this sense, the objective of the research is to know the role of commercial banking through the study of the distribution of financing that it grants to two economic actors (households and companies) in Mexico in the period 1994-2022. In this way, the text is developed describing, in a general way, the context in which the structural changes in the Mexican economy occurred in said period of analysis, emphasizing what is related to financial liberalization. Secondly, the increase in finance in the economies is characterized as financialization processes and concludes with the contrast of the credit dynamics (consumer and industrial sector) in the Mexican economy with the review of the specialized literature on financialization. Based on the results achieved, a series of actions and lines of research are proposed to continue studying the subject.