Schwartz, Moisés J.; Tijerina, Alfredo; Torre, Leonardo - In: Economía Mexicana NUEVA ÉPOCA XI (2002) 2, pp. 299-331
It is argued that in Mexico there is not a fear of floating in the Calvo-Reinhart sense and that the market, as a result of the monetary policy instrument (corto), has determined a reatively stable exchange rate and more volatile interest rates. Thus, thé instantaneous interest rate response to...