<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0185-1667</journal-id>
<journal-title><![CDATA[Investigación económica]]></journal-title>
<abbrev-journal-title><![CDATA[Inv. Econ]]></abbrev-journal-title>
<issn>0185-1667</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Economía]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0185-16671999000300075</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Cambios institucionales en el sector financiero y su efecto sobre el fondeo de la inversión. México 1960-1994. Ideas generales]]></article-title>
<article-title xml:lang="en"><![CDATA[Institutional Changes in the financial sector and its effect on investment funding. Mexico: 1960/1994]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Levy Orlik]]></surname>
<given-names><![CDATA[Noemi]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nacional Autónoma de México Facultad de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>1999</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>1999</year>
</pub-date>
<volume>59</volume>
<numero>229</numero>
<fpage>75</fpage>
<lpage>119</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0185-16671999000300075&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0185-16671999000300075&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0185-16671999000300075&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen En este trabajo se analizan los efectos de los cambios institucionales del sistema financiero mexicano en el crecimiento y desarrollo económico en un periodo histórico donde imperaron políticas reguladoras y desreguladoras del mercado. Sostenemos que el financiamiento, en vez del ahorro, es la pre-condición central de la inversión; el cual debe ser acompañado por un proceso de fondeo, a fin de compatibilizar el ahorro generado por la inversión con las deudas de largo plazo. Dividimos este trabajo en tres partes. La primera contiene una discusión teórica que analiza los determinantes del financiamiento de la inversión. En la segunda parte se exponen las modificaciones del sistema monetario mundial y sus efectos sobre el fondeo de la inversión. La última parte contiene un análisis empírico de la economía mexicana, encontrándose que en el periodo de regulación financiera la demanda y financiamiento de la inversión fue más estable con relación al periodo de desregulación financiera.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The aim of this work is to analyses the effects of the institutional changes in the Mexican financial system on economic growth, considering a period when regulatory and deregulatory policies were dominant. We shall sustain that finance instead of saving is the central pre­ condition of investment; which ought to be accompanied by a funding process, in order to match savings generated from investment with long term debts. This work is divided in three parts. The first one presents a theoretic discussion of the finance determinants. In the second part is studied the modifications of the international financial structure during the period of study and its effect on funding mechanisms. The third part contains the empirical analyses of the Mexican economy and it is found that during the period of regulatory policies, investment demand and finance was more stable than during the years of deregulation.]]></p></abstract>
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<given-names><![CDATA[Alvaro]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Hiperinflación, credibilidad y estabilización]]></article-title>
<source><![CDATA[Investigación Económica]]></source>
<year>1994</year>
<numero>209</numero>
<issue>209</issue>
<publisher-loc><![CDATA[México ]]></publisher-loc>
</nlm-citation>
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<ref id="B83">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zysman]]></surname>
<given-names><![CDATA[John]]></given-names>
</name>
</person-group>
<source><![CDATA[Goverments, Markets, and Growth. Financial Systems and the Politics of Industrial Growth]]></source>
<year>1987</year>
<publisher-loc><![CDATA[USA ]]></publisher-loc>
<publisher-name><![CDATA[Cornell University Press]]></publisher-name>
</nlm-citation>
</ref>
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</article>
