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This paper demonstrates, using a panel data model, that mainly firm-specific (microeconomic) versus macroeconomic variables affect the long-run profitability of a group of banks in Mexico in the pre- and COVID-19 periods. Interbank deposit, deposit rate, bank size, size of non-performing loan portfolio, delinquency, operating expenses, traditional deposit, salary, unemployment, and interest rate have statistical influence on bank profitability, but this relationship changes in the COVID-19 period. These results can be useful in the decisions of the different areas of banks, as well as for the design of public policies aimed at maintaining the stability of the banking system. [ABSTRACT FROM AUTHOR]

This article investigates the determinants of bank loan survival time in an emerging economy for 'micro', 'small' and 'medium'‐sized enterprises. We use proprietary data from the Central Bank of Mexico for approximately 1.5 million company loans between January 2010 and May 2017. Our results show that firm' characteristics at the time of loan origination, and lagged macroeconomic factors have a significant impact on the loan survival times. Further tests on model validation show that our fitted survival model performs reasonably well in out of sample forecasts. [ABSTRACT FROM AUTHOR]

Purpose -- Fama--French model (FFM) has been successful in helping to predict the financial markets, but investors have been interested in creating more sophisticated models to better predict the performance of the stock market. The objective of the extended version is to create a more robust econometric model to better predict the performance of the Mexican Stock Market. Design/methodology/approach -- The study divides the Mexican Stock Market into six different portfolios. The criteria to build those portfolios are the same one used in Fama--French (1992). The study comprises 78 stocks listed in the Mexican Stock Market that are analyzed monthly during 1997-2018. The study analyzes the period before and after the 2008--2009 financial crisis to identify whether there are important changes. The estimation applies the traditional and an extended version of the FFM that include macroeconomic variables such as country risk, economic activity, inflation rate, and exchange rate and some financial variables recommended in the literature. Findings -- Results indicate that classic FFM variables are statistically significant in most cases, but relevant macroeconomic variables such as the interest rate, exchange rate and country risk stand out for being weakly relevant in most of the portfolios. However, it is noticed that some of these macroeconomic variables became relevant for different portfolios only after the 2008--2009 crisis, especially in portfolios which include small market capitalization firms. Research limitations/implications -- The study includes the stocks listed in the Mexican Stock Market. One limitation is the small number of stocks available, which reduces the possibility of creating well diversified portfolios. This study includes 78 stocks. The stocks removed from the sample are from firms that were not listed during six consecutive months or whose market capitalization did not change in the same period. Outlier data were removed from the sample to capture in better way the general performance of the stock market. Practical implications -- The objective of the extended version is to create a more robust econometric model than the traditional model. It is expected that such estimations can be helpful to investors to make better decisions when they try to predict performance in the stock market. Social implications -- An extended version of the FFM can be helpful to investors to make better decisions when they try to predict performance in the stock market. Originality/value -- To the best of our knowledge there are no more studies in the literature of the Mexican financial market that apply the same methodology. [ABSTRACT FROM AUTHOR]

The paper examines the causal relationship between economic growth and remittance during the period 1990 - 2017, by including some macroeconomic variables such as inflation, foreign direct investment, final consumption expenditure, gross capital formation, and trade as the control variable in MINT countries. Employing the ARDL bounds testing approach to cointegration, our results show that while 1% increase in remittance in Indonesia will cause 0.05% increase in the economic growth at the long-run, it has 0.03% and 0.05% increase on Mexico and Indonesia economic growth respectively in the short-run with a 1% change in remittance. However, remittance was found to have a 0.02% decrease on the Nigeria economy with a 1% percent increase in remittance. [ABSTRACT FROM AUTHOR]

Remittances to México represent a fundamental source of income for a large number of families. However, empirical studies analyzing their determinants are scarce. This document presents a cointegration analysis that establishes a long run relationship between remittances, México's GDP, USA's GDP and the real exchange rate. In addition, the document conducts a forecast exercise to evaluate the impact of changes in macroeconomic conditions on the flow of remittances. [ABSTRACT FROM AUTHOR]