Variance decompositions of the Mexico-United States real exchange rate are examined using monthly data on consumer … tradable goods and nominal exchange rates holds only in periods in which Mexico was not under a regime of exchange …-rate management. In periods in the sample in which Mexico had a managed exchange-rate regime, the variability of prices of non …

continuation of a currency peg depended on the observed holdings of central bank foreign reserves. We examine the implications of a …

of a small open economy calibrated to Mexico's 1987-1994 stabilization plan. In the model a time-variant interest rate …

, and the Sudden Stops that accompanied the collapse of Mexico's managed exchange rates, could result from an endogenous …

Ratios of public debt as a share of GDP in Brazil, Colombia, and Mexico were 10 percentage points higher on average … scenario question the sustainability of current debt ratios in Brazil and Colombia, while those in Costa Rica and Mexico seem …

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 …