Economic Research in a Financial Group in Mexico

By Gomez-Alcala, Alberto | Business Economics, January 2008 | Go to article overview

Economic Research in a Financial Group in Mexico

Gomez-Alcala, Alberto, Business Economics

There is widespread agreement on the issues that define the role of an economic research department in a financial institution. At Banamex, we summarize it as "detecting risks and opportunities," a task that extends to all the functions and responsibilities of the financial group. This is a mission that fulfills several purposes simultaneously. The first thing--and perhaps the most important thing--is preparing the bank to understand, adapt itself to, and/or react to the environment in which it operates. Another aim, which is also frequently mentioned, is acting as an additional tool for the sales force, in public relations with clients and investors, and lobbying with authorities and political groups.

A profound knowledge of the economic and business situation is always a good asset for positioning one's own business strategically, as well as advertising the bank's capacity, its potential, and its influence. Thus, we have internal and external "customers" for research: the second group seeking advice and insight, the first seeking strategic inputs for anticipating the future.

I think these characteristics apply to all economists working in the financial sector. There will be important differences, relevant nuances, or particular situations; but, in general, these characterizations provide a referential framework for all economists in the financial industry. The nuances and particular situations will be determined by the peculiarities of the intermediary, by the size of its capital, the concentration of its activities, the structure of its assets and liabilities, as well as its niches, segments, or specific vocation. It is these differences that mark the specific styles of economic analysis--from an orientation that is very specialized in sectors or financial markets (as in an investment bank) to issues of valuation of potential markets, such as mortgage markets in a particular region (as in a commercial bank).

What particular situations apply in my case? Where are the main differences from similar research units in the industry? Which aspects of my duties will other colleagues from the discipline find most interesting?

There are several, and they are associated with the three fundamental features of my situation:

* the "environment" we study (basically Mexico, but also Latin America);

* the financial intermediary I work for (Banamex, a financial group operating in all the relevant services of the financial industry with a significant share of the Mexican market);

* the functions expected from the economic research department, as well as my personal involvement with Banamex, which began more than 25 years ago.

Together, these three elements form "a particular situation" that is not necessarily shared by similar research groups in the United States.

Some background is necessary here. It is important first of all to outline the particularities of the main target of analysis, which in my case is Mexico; of the ones associated with Banamex, the Financial Group I work with; and of those arising from the work done in the research area and my personal experience with Banamex. The combination of these particularities make up, I believe, a reality distinct from similar teams in the United States and Canada.

Mexico: a Stable, Uneven. and Slow-Growing Economy and a Young Democracy

The Mexican economy differs in many ways from other economies around the world. However, that does not make it very different in terms of economic analysis. An assessment of macroeconomic conditions, for example, requires an evaluation of fiscal and monetary conditions that has to be done whatever country is being analyzed. Of course, such analysis will differ--and significantly--due to the specific state of a country's fiscal and monetary situation. In the case of Mexico, several features make it a unique case. It is a country that has only recently consolidated its macroeconomic stability, has achieved a successful adaptation to globalization through a trade agreement with North America (with deep sectoral implications), and is starting to develop internal growth engines. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • A full archive of books and articles related to this one
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Cite this article

Cited article

Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)


1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25,

Cited article

Economic Research in a Financial Group in Mexico


Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Citations are available only to our active members.
    Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25,

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

    Already a member? Log in now.