Showing 1 - 10 of 17
This paper claims that the roots of Mexico's balance-of-payments crisis are found in the prevailing high degree of … sustainability of currency pegs. Econometric analysis suggests that 1/2 of Mexico's reserve losses could be accounted for by these …
Persistent link: https://www.econbiz.de/10005368138
manufacturing affiliates of U.S. multinationals in Argentina, Brazil, and Mexico. The results of these tests show that the …
Persistent link: https://www.econbiz.de/10005368143
-improving. The model's potential empirical relevance is examined further by reviewing Mexico's post-war experience with the collapse …
Persistent link: https://www.econbiz.de/10005368223
, particularly to bank loans, can have real effects. This paper presents new evidence on the credit hypothesis for the case of Mexico …
Persistent link: https://www.econbiz.de/10005368314
suggests an additional factor influencing money demand in Mexico. The second result is evidence against my convertibility risk …
Persistent link: https://www.econbiz.de/10005368349
This paper proposes a simple investment model that permits a test of the relative importance of Mexico's terms of trade … decline, the reversal in net capital inflows, and the debt overhang, in explaining Mexico's investment decline in the early … rise in the relative price of investment goods and further that the deterioration in Mexico's international terms of trade …
Persistent link: https://www.econbiz.de/10005368378
of Mexico, which was a bank note par redemption and clearing system for other payments that operated in Mexico City from …
Persistent link: https://www.econbiz.de/10005368408
In trying to explain the balance-of-payments and banking crises of 1994-95 that erupted in Mexico, observers have … that these inflows contributed to rapid monetary growth, real appreciation of the peso, and the widening of Mexico … Mexico was not yet ready to grow rapidly, these inflows may have contributed to the fall in Mexico's savings rate. ; This …
Persistent link: https://www.econbiz.de/10005368419
Persistent link: https://www.econbiz.de/10005368436
, we estimate a monetary policy reaction function for Mexico. Based on this estimate, we argue that interest rates rose …, Mexico's experience suggests that policymakers relying on the exchange rate as a nominal anchor probably should be prepared …
Persistent link: https://www.econbiz.de/10005368467