Finance and Macroeconomics


Contribute to the development of Mexican companies through their integration into national and international financial markets, we promote a better understanding of the relation between companies and global macroeconomic conditions.

Research lines

• Corporate finance and financial markets
• Financial development and economic growth


René Cabral Torres

Core researchers

Eduardo Saucedo de la Fuente
Mazin Abood Muhammad Al Janabi
Osmar Hazael Zavaleta Vázquez
Roberto Joaquin Santillán Salgado
Samuel Arturo Mongrut Montalvan

Adjunct researchers

Alberto Ortíz Bolaños
Alejandro Fonseca Ramírez
Alejandro Ibarra Yunez
André Varella Mollick
Aydin Ozkan
Daniel Cerecedo Hernández
Humberto Valencia Herrera
José Antonio Núñez Mora
Luis Arturo Bernal Ponce
Montserrat Reyna Miranda 

Authors Title Publication
Santillán, Roberto Market Efficiency during the Mexican Banks privatization announcement Modern Economy, 2015, 6, 119-132, Published Online January 2015
Cabral, Rene Political Pressure and Procyclical Expenditure: An Analysis of the Expenditures of State Governments in Mexico (2015) with Andrew Abbott, Philip Jones and Roberto Palacios European Journal of Political Economy 37: 195-206
Cabral, René Assessing Returns to Education and Labor Shocks in Mexican Regions after NAFTA (2015), with André V. Mollick , Contemporary Economic Policy 33(1): 190-206
Valencia-Herrera, Humberto (2014) The Stochastic Discount Factor and Liquidity in Mexico and Chile Journal of Finance & Economics Volume 2, number 1 ISSN 2291-4951 E-ISSN 2291-496X, pp.13 (References 29)
Ortiz, Alberto Estimating Credit Indexation in a Financial Accelerator Model with Charles Carlstrom, Timothy Fuerst, and Matthias Paustian (2014) Journal of Economics Dynamics and Control, 46(September): 130-149
Núñez Mora José A. and Mota Aragón Beatriz (2014) Empirical analysis of the Mexican Pension funds returns:their univariate and multivariate probability distributions Journal of contemporary management pag. 84-91 - University of Texas - Pan American