Francisco Javier Morales
Francisco Javier Morales
Principal Economist

• MA in Economics, University of Kent at Canterbury, UK (1980)

• Diploma in Dynamic Econometric Models, ITAM, Mexico (2003)

• BA in Economics, Universidad Iberoamericana, Mexico (1979)

• Professional Experience:

• BBVA Research Mexico since 1999

• Deloitte Consulting (Information Center)

• McKinsey & Co. (Information Center)

Latest publications

In the first nine months of 2019 the main source of bank credit growth granted to the private sector was that granted to companies. Commercial banks deposits loses dynamism. Weakness of external financing sources influenced by concerns about the global cycle and internal uncertainty.
The Financial Stability Report highlights that the pace of private financing to households and firms has diminished. There are upward risks for households and firm’s non-performing loans as the economy and employment have impaired recently.
The International Monetary Fund (IMF) has reported on the results of the annual assessment of the Mexican economy for 2019. The IMF approves a new flexible credit line for Mexico. Commercial banking contributed to growth in 1H19. Adjustments for securities operations. Amendments for bank correspondents.