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The article analyzes Mexico under globalization, particularly on the free mobility of capital. It argues that … deficits- implements policies that resolve the short-term liquidity needs and go against economic growth, as if they are … various countries are implementing industrial and protectionist policies. If Mexico continues to bet on outward growth through …
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We study the role and the interaction of the quality of institutions and of counter-cyclical policies in leaning against the Global Financial Cycle (GFC) in Emerging Economies (EMEs). We show that heteroegeneity in institutional strength is a key determinant of the different effects of the GFC...
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