Bank Accounting Standards in Mexico: A Layman's Guide to Changes 10 Years after the 1995 Bank Crisis
Gustavo A. Del Angel
Centro de Investigación y Docencia Económicas (CIDE)
Stanford University - Hoover Institution and Political Science; National Bureau of Economic Research (NBER)
Harvard Business School - Business, Government and the International Economy Unit; National Bureau of Economic Research
April 2, 2008
After the 1995 crisis, the Mexican banking system experienced significant changes in bank accounting standards. Most of these changes took place between 1996 and 2001, and had a significant impact in the structure and interpretation of financial information of banks. This document explains the major changes on bank accounting, their purpose and structure, and discusses their impact on financial information reported by Mexican banks. It also provides the English equivalent of the major accounting terms used by Mexican banks. The main purpose of this document is to provide a standardized guide to better understand financial information produced before and after the crisis, within the current context of internationalization of Mexican banks' ownership.
Number of Pages in PDF File: 32working papers series
Date posted: April 2, 2008
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