The mexican banking crisis of 1995 - 96 supports the policy implications of the " vulnerability - shocks " paradigm : developing countries should identify the specific causes of their banking systems vulnerability and implement the appropriate financial reforms ; fragile banking systems complicate the management of macroeconomic policy in terms of timing , scope , and effectiveness ; macroeconomic considerations should play an important role in the design of bank regulatory regimes ; effective deposit insurance systems should be established in order to reduce bank runs and moral hazards of both bankers and depositors ; considering the apparent role of lending booms in creating vulnerability of banking systems , the authorities should monitor the rate of credit growth , and take measures when it appears to be growing too rapidly 墨西哥银行危机印证了“脆弱与冲击”银行危机解释模式的政策含义：发展中国家应针对银行体系脆弱性的具体原因，采取相应改革措施；银行业的脆弱性对经济改革政策的选择、实施时机和实施效果均会产生重要影响；应根据宏观经济波动程度，确定适当的银行审慎监管指标水平；建立有效的存款保险制度；应监督银行信贷的扩张速度，在必要时通过实施相应的宏观经济政策来限制银行的信贷扩张。从这次银行危机中我们主要可以得出两点结论。
There are some useful experiences for taking - off of chinese market in the history of the global main markets : it ' s the specific cause of development that determines the transplanting mode of securitization system of a specific country ; there would be little successful markets without effective push from local governments ; banks are always main participants in the markets and play an important role in the development of a market ; civil - law countries should make necessary reform to their current legal systems to sustain development of their markets 考察从美国到全球的主要证券化市场发展历史，可以得到以下足为我国证券化市场与制度建设之镜鉴的经验与教训：发展动因上的区别影响引入证券化制度的模式和路径；大多数证券化市场的成功起飞离不开政府积极有效的推动；银行作为证券化市场的主力参与者，决定着一个证券化市场发展的道路与程度；民法法系国家应立足于自己的法律文化和制度体系，改革固有的法律制度以为证券化市场提供制度支持。
