La Bolsa de Valores de México durante el porfiriato y la revolución, 1885-1934

Abstract

This paper holds that the Mexican Stock Exchange was merely a contribution to business financing from its opening to the beginning of the Revolution. Mining investors, bankers, and industrial found financing sources in it. Since then, particularly since the implementation of the Carranza policy in 1916, the Stock Market became a mere financing tool for the State, serving almost exclusively for the subscription of foreign debt. To prove this hypothesis quantitative unprecedented series are presented measuring the impact of the stock market activity on the country's economical development, apart from the specific financial aspects.