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Arteta, Carlos Oscar - 2009

-rated countries. All told, these factors well explain the peso's unusual behavior, as Mexico both is very close to the United States …

Persistent link: https://www.econbiz.de/10013156075

About the Economic Ineffiency of the State

Cabo, Alejandro - 2009

Main factors determining the economical inefficiency of the state enterprises (either in the Capitalist or Socialist societies) are underlined. The lack of a sort of “Damocles Sword”, well suspended only upon the efficient behavior of the management under competitive market conditions is the...

Persistent link: https://www.econbiz.de/10013158759

Trade Liberalization in a Multinational-Dominated Industry : A Theoretical and Applied General-Equilibrium Analysis

Hunter, Linda - 2010

A theoretical model is developed and applied to the North American auto industry, motivated by the possibility of US-Mexico …. Using an applied GE model, we find that (A) the gains to Mexico are significant and the effects on the US and Canada are … North American multinationals determine markups, increased imports from Mexico do not result in a rationalization of US and …

Persistent link: https://www.econbiz.de/10013139985

Distortions in the Mexican Labor Market

Martinez, Gabriel - 2010

The variation of real wages in the Mexican labor market has been very large over the last three decades, either measured in dollar terms or adjusted by national price indexes. The overall economic activity has also been subject to three episodes of Depression-sized business cycles. This paper...

Persistent link: https://www.econbiz.de/10013144003

A Note on the Volatilities of the Interest Rate and the Exchange Rate Under Different Monetary Policy Instruments : Mexico 1998-2008

Benavides, Guillermo - 2010

multiple structural changes, we document that both volatilities decreased around the time Banco de Mexico started the …

Persistent link: https://www.econbiz.de/10013144183

Testing Murphy, Shleifer and Vishny

Gohmann, Stephan - 2014

We use the model developed by Murphy, Shleifer and Vishny (1991) to examine the causal relationship between institutions as measured by economic freedom and industry employment, and then given the causality, examine how the amount of employment in these causal industries influences economic...

Persistent link: https://www.econbiz.de/10013057126

The New International Architecture

Dornbusch, Rudiger - 2021

In 1998 Rudiger Dornbusch gave the Munich Lectures in Economics entitled "International Financial Crises". The CES Academic Council awarded him the prize and title "Distinguished CES Fellow" for his outstanding work on the monetary theory of foreign trade. Rudiger Dornbusch passed away on July...

Persistent link: https://www.econbiz.de/10013320374

Nominal Anchor Exchange Rate Policies as a Domestic Distortion

Krueger, Anne O. - 2022

This paper analyzes a nominal anchor exchange rate policy as a domestic distortion, in the tradition of international trade theory. It is shown that, in addition to the problems of sustainability and exit pinpointed in the exchange rate literature, a nominal anchor exchange rate policy, while in...

Persistent link: https://www.econbiz.de/10013323571

Dollarization and Financial Development

Bannister, Geoffrey J. - 2018

Despite significant strides in financial development over the past decades, financial dollarization, as reflected in elevated shares of foreign currency deposits and credit in the banking system, remains common in developing economies. We study the impact of financial dollarization,...

Persistent link: https://www.econbiz.de/10012909419

Estimating Macroeconomic Models of Financial Crises : An Endogenous Regime-Switching Approach

Benigno, Gianluca; Foerster, Andrew T.; Otrok, Chris; … - 2022

Bayesian methods to fit Mexico's business cycle and financial crisis history since 1981. The estimated model fits the data well …

Persistent link: https://www.econbiz.de/10013306904