Leiderman, Leonardo; Liviatan, Nissan; Thorne, Alfredo - In: Economía Mexicana NUEVA ÉPOCA IV (1995) 2, pp. 197-237
In the mid-1980’s Mexico successfully brought down its high rate of inflation by using the exchange rate as nominal anchor in combination with strict fiscal discipline, tight monetary policy, and incomes policy. This paper discusses the role of exchange rate policy as nominal anchor in Mexico...