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This book analyses debt management in sub-national governments in Mexico via quantitative and qualitative methods of research. Particularly, the project initiates the much-needed discussions on the role that sub-national governments in Mexico can play in the financing of infrastructure, as well as the challenges and opportunities associated with their participation in capital markets. The author includes interviews with state leaders to corroborate the statistical analysis created and generated with the federal municipal and state databases. Case studies include: four states Nuevo León, Guanajuato, the State of Mexico, and Mexico City and three major metropolitan areas León, Guanajuato, and Monterrey. Interviews with these key financial players, not only at the federal level but also at local level, in their interpretation, usability and access of the current financial models are assessed and help to explain the current financial state of Mexico.
List of contents
Chapter 1: Introduction.- Chapter 2: The Theory Of Decentralized Finance.- Chapter 3: Macro Supply Of The Municipal Debt.- Chapter 4: History Of The Regulatory Environment.- Chapter 5: Local Demand For State And Local Debt.- Chapter 6: Debt Management Strategies: Market Forces.- Chapter 7: Government Regulation And Its Problems.- Chapter 8: The Paradox Of Prudence: Mexico s Covid-19 Fiscal Response And Democratic Resilience.- Chapter 9: Policy Recommendations As Concluding Remarks.
About the author
Heidi Jane M. Smith is Professor of Public Policy in the Department of Economics at the Universidad Iberoamericana in Mexico City.
Summary
This book analyses debt management in sub-national governments in Mexico via quantitative and qualitative methods of research. Particularly, the project initiates the much-needed discussions on the role that sub-national governments in Mexico can play in the financing of infrastructure, as well as the challenges and opportunities associated with their participation in capital markets. The author includes interviews with state leaders to corroborate the statistical analysis created and generated with the federal municipal and state databases. Case studies include: four states—Nuevo León, Guanajuato, the State of Mexico, and Mexico City—and three major metropolitan areas—León, Guanajuato, and Monterrey. Interviews with these key financial players, not only at the federal level but also at local level, in their interpretation, usability and access of the current financial models are assessed and help to explain the current financial state of Mexico.
