Though some observers are quick to question the competitiveness of Mexico's banks when talking of the proposed North American Free Trade Agreement, a closer analysis of the Mexican banking system reveals otherwise.

Considering what Mexican banks have been through in the past decade, it's a wonder they managed to survive. In the 1980s, the average annual inflation rate was nearly 80%. Banks were nationalized, then reprivatized. Regulations constantly changed.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.