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Mexico : Review Under the Flexible Credit Line Arrangement: Staff Report; and Press Release on the Executive Board Discussion
International Monetary Fund - 2011
Mexico’s policy stance has focused on balancing domestic and external conditions, supporting the recovery while …
Persistent link: https://www.econbiz.de/10014397159
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Mexico : Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement
International Monetary Fund - 2011
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 …
Persistent link: https://www.econbiz.de/10014402129
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Mexico : Arrangement Under the Flexible Credit Line and Cancellation of the Current Arrangement: Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
International Monetary Fund - 2010
This paper discusses the Arrangement for Mexico Under the Flexible Credit Line (FCL) and Cancellation of the Current … Arrangement. The recent upward trend in output in Mexico is expected to continue, leading to projected growth of 4 percent for … staff assesses that Mexico meets the qualification criteria for access to FCL resources and recommends approval of an FCL …
Persistent link: https://www.econbiz.de/10014406626
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Mexico : Review Under the Flexible Credit Line Arrangement: Staff Report and Press Release on the Executive Board Discussion
International Monetary Fund - 2009
Mexico’s strong policy framework has helped cushion the impact of the global crisis. The staff report highlights Mexico …
Persistent link: https://www.econbiz.de/10014406849
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Mexico : Arrangement Under the Flexible Credit Line: Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
International Monetary Fund - 2009
This paper discusses the arrangement under the Flexible Credit Line (FCL) for Mexico. Mexico has achieved a high level … also under strain in the consumer banking portfolio. The arrangement for Mexico is the first commitment under the IMF’s FCL …
Persistent link: https://www.econbiz.de/10014405719
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On Fixed and Variable Fiscal Surplus Rules
International Monetary Fund - 2004
Fiscal rules are being increasingly used by both emerging and developed economies. This paper analyzes two alternative fiscal policy rules in terms of their impact on debt sustainability: a rule that fixes the ratio of primary surplus to GDP (""fixed surplus rule"") and one that sets the primary...
Persistent link: https://www.econbiz.de/10014404172
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Debt Relief and Adjustment Incentives : A Theoretical Exploration
International Monetary Fund - 1988
The purpose of this paper is to analyze the argument that debt relief would increase the incentive of a debtor country to make an adjustment effort (to invest) and that for this reason creditors may benefit by granting relief. It is shown that there are actually opposing incentive effects of...
Persistent link: https://www.econbiz.de/10014396170
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A Delicate Equilibrium : Debt Relief and Default Penalties in an International Context
International Monetary Fund - 1989
Debt relief and penalties are discussed in connection with sovereign-country loans. We focus on conditions for the existence of penalties that are too low for ensuring Pareto efficiency, and show the possible time inconsistency of optimal debt contracts. A methodology for ascertaining debt...
Persistent link: https://www.econbiz.de/10014396205
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Tax Credits for Debt Reduction : A Proposal
International Monetary Fund - 1989
The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations and by the system of taxation utilized to provide government revenue for debt payments. It is well known that existing debt contracts could be altered to improve the incentives...
Persistent link: https://www.econbiz.de/10014396221
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Pricing An Interest Payment Guarantee : A Contribution to Debt Reduction Techniques
International Monetary Fund - 1989
the basis of a simple option pricing model according to the theory of contingent claims. This method offers the advantage …
Persistent link: https://www.econbiz.de/10014396224