Relevant Aspects in the Commercial and Financial Relations between Mexico and the USA and Its Continuity in the New Trump Administration

Abstract

The banking system that operates in the country will not have major changes, with the arrival of Trump to the presidency of the USA. Surely, it will continue to operate as it has until now, concentrating the financing to large companies and the government; providing credit on payroll and mortgage are the least risky and most profitable; managing derivative products (even in dollars given the strong expected volatility), and charging all kinds of commissions. It is even envisaged that its dominance could be expanded by deregulation of the rules adopted since the financial crises of 2007-2009. This paper analyzes three aspects: some minskian theoretical views on debt, economic openness and financial instability; some economic - financial links between Mexico and the United States, and the recent situation of banking at the international level and in Mexico. The method used is simple, based on a heterodox theoretical framework, a statistical analysis is carried out that allows identifying economic and financial variables that allow valuing the strong relations between both countries. With this diagnosis its possible glimpse some trends. It is concluded that it is difficult for Mexico to make significant changes in its economic and financial position, unless there is a change in the negotiation of NAFTA or in the economic policy of both countries.