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Despite Mexico’s recent remarkable progress in adjusting its fiscal and external accounts and in restructuring its … economy, the recovery of growth has remained elusive. This paper reviews some aspects of Mexico’s recent performance and … among the factors that have contributed most to delaying the private sector’s investment response and preventing a …
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Conceptual ambiguities and statistical weaknesses hamper the assessment of external competitiveness. The term competitiveness, while applied extensively, is often imprecisely defined, which can result in analytical errors and mistaken policy advice. Furthermore, aggregate statistical measures of...
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Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among...
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have facilitated the maintenance of orderly economic conditions in Mexico even amidst the substantial external volatility … during the global crisis. Executive Directors welcomed the authorities’ commitment to maintain Mexico’s strong policy … Flexible Credit Line has helped Mexico to maintain confidence and also to insure against external risks while supporting a …
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