The Financial Innovations that didn't Happened

An important trident behind of the current financial crisis is composed by the following factors: financial innovation, soft lending practices in mortgage market, and lax monetary policy. In Mexico, the initiative to use mortgages as collateral was only a promise. The mortgage market has eased smoothly its lending criteria, as remanent of the economic crisis of 1994. The high inflation has prevented an expansionary monetary policy, as happened in the United States. Given this economic context, the current financial crisis, we will not see an economic depression in Mexico thanks mainly to lags in our financial development. However, this lag of financial improvement, How much has it cost/benefited to our potential GDP?