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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 …
Persistent link: https://www.econbiz.de/10014396273
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 …
Persistent link: https://www.econbiz.de/10014396459
Mexico’s policy stance has focused on balancing domestic and external conditions, supporting the recovery while …
Persistent link: https://www.econbiz.de/10014397159
Mexico’s growth process in trend and cyclical factors, with implications for policy decisions, is discussed. Mexico …’s trade integration has been important for growth. But the high export growth experienced has been followed by a more muted … performance. Reforms to improve productivity are important to sustain export dynamism. Fiscal credibility, underpinned by prudent …
Persistent link: https://www.econbiz.de/10014398504
Strong fundamentals and a policy track record helped Mexico to withstand the fallout from the global crisis and aided … rate regime has helped Mexico. The long-term challenges include declining oil reserves relative to GDP and population aging …
Persistent link: https://www.econbiz.de/10014398505
This paper presents Mexico’s detailed assessment report on antimoney laundering and combating the financing of …
Persistent link: https://www.econbiz.de/10014399218
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
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
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