employment through fluctuations in bank credit. We also analyze the countercyclical use of reserve requirements. Econometric … evidence for Chile and Mexico supports the main predictions of the model …

economies. Although much of the discussion concentrates on East Asia and Mexico, I also draw on the history of some previous …

floating regime. Some even argued that it was d‚j… vu' all over again, and that the Bank of Mexico was manipulating monetary …-97 the Bank of Mexico followed some sort of feedback rule from the exchange rate to monetary policy. Our answer to this …

observers were shocked by this turn of events. Mexico had a remarkable historical precedent: merely a dozen years earlier Chile … suffered a prophetically similar crisis. Like Mexico during the 1980s, Chile during the 1970s undertook major structural … aimed at creating a modern financial sector. In Chile, as in Mexico more than a decade later, the use of a predetermined …

, and capital mobility - Chile, Colombia and Mexico - to investigate the extent to which Federal Reserve actions are …

actions by bank owners to change management, contract with depositors to extend liability maturity structure, write off bad … assets, and/or inject capital affected bank survival and deposit retention. This historical episode is particularly …

macroeconomic and bank regulatory reform. Bank regulatory policy promoted privatization, financial liberalization, and free entry …. Argentina's bank regulatory system now is widely regarded as one of the two or three most successful among emerging market …