Showing 1 - 5 of 5
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 …
Persistent link: https://www.econbiz.de/10014396459
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...
Persistent link: https://www.econbiz.de/10014401806
This paper highlights that central banks from Brazil, Chile, Colombia, Mexico, and Peru (the LA5 countries) reaped the …
Persistent link: https://www.econbiz.de/10014402930
Comparing the 1978-82 Uruguayan stabilization with the 1990-94 Mexican experience reveals that exchange rate based stabilization tends to increase the economy’s vulnerability to unexpected shocks. An exchange rate rule, with full capital mobility, can only succeed if compatible financial...
Persistent link: https://www.econbiz.de/10014395804
While inflation slowed sharply in Mexico during 1988, imports surged. Although the growth of domestic absorption could … the recovery of private investment was the main driving force, as the private sector saved most of its interest income on … stimulating exports and investment …
Persistent link: https://www.econbiz.de/10014396273