Mexico's Ortiz on emerging economies

In the speech 'The participation of international banks in emerging economies' given on 5 October Guillermo Ortiz of the Bank of Mexico said there seems to be ample agreement about the benefits of globalization as well as the challenges that this new landscape poses to financial authorities.

"Among the benefits derived from the entry of foreign banks in emerging economies are improvements in efficiency, and the introduction of new products and technologies, as well as a reduction in connected

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