The book surveys the crisis from the Decree of 1916 through the later push to centralize emissions. It discusses how portfolios were loaded with unrealizable securities, why authorities closed some institutions, and how the state claimed to protect the public interest while facing questions about solvency and asset value.

What caused the turmoil: flawed bank management, wartime disruptions, and shifting policies that pressed banks to support government needs.
How the government responded: interventions, liquidation efforts, and debates over a central bank and a unified system of credit.
The state of assets and liabilities: dramatic changes in cash, loans, and deposits, with a heavy emphasis on the effects of war and revolution.
Lessons for credit and reform: the argument for a centralized emission system and broader access to reliable credit institutions.

Ideal for readers interested in financial history, early 20th‑century Mexican economics, and how political upheaval shapes banking and monetary policy.

Product Description

Excerpt from Present and Past, Banking in Mexico

It was no soil for the development Of banks. Besides, savings or idle funds among the mass of the people were insignificant in volume. They lived from hand to mouth - very much, indeed, as did their national governments and they were ever and eternally hanging on the verge of starvation. Banking institutions develop always in response to economic needs, and doubtless they would earlier have come into existence in Mexico had there been any guaranty as to continuity of authority, or any assurance against looting by a triumphant revolutionary leader.

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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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