Essays on Money and Inflation in Mexico PDF Download

Author: Manuel Ramos-Francia
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 220

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Author: Abraham Everardo Vela
Publisher:
ISBN:
Category : Economic stabilization
Languages : en
Pages : 348

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Author: Luis Fernando Colunga Ramos
Publisher:
ISBN:
Category : Bank loans
Languages : en
Pages :

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Along this dissertation, I carry out a broad analysis of monetary policy in Mexico during the last two decades. Specifically, I investigate the impact of a contractionary monetary policy on bank credit to the private sector, as well as on regional and sectoral economic activity. In very general terms, I find that following a monetary tightening, firms bank loans tend to increase, which is considered a perverse reaction of bank credit or the 0́−loan puzzle0́+. Furthermore, I find that, in the Mexican southern region, a region with the lowest integration with the financial sector, economic activity does not respond following a monetary tightening. In co-authorship with Dr. Victor Valcarcel, we produce the first Divisia Index for the Money Supply in Mexico. By using such index, we aggregate the different monetary assets, weighting by their differences in liquidity degrees.

Author: Edwin Walter Kemmerer
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 202

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Author: Mr.Paul R. Masson
Publisher: International Monetary Fund
ISBN: 1451929099
Category : Business & Economics
Languages : en
Pages : 36

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This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness trade-off is presented to explain the formation of devaluation expectations. Estimation results indicate that investors appear to have seriously underestimated the risk of devaluation, despite early warning signals. The collapse of confidence that followed the December 20 devaluation may have been the result of a shift in the perceived commitment of the authorities to exchange rate stability.

Author: Clemente Hernández
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 212

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Author: Francisco Carrada-Bravo
Publisher: Taylor & Francis
ISBN: 0429696760
Category : Political Science
Languages : en
Pages : 163

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In the mid-1970s unemployment, inflation and monetary disturbances were dominant forces in the Mexican economy. Beginning in late 1977, however the situation drastically changed. The discovery of enormous oil fields, combined with a structural and social factors, vastly improved the nation's prospects and in terms of business cycles, its economy moved from trough to peak. In assessing these changes, Dr Carrada constructs a macro-econometric model- based on the monetary approach to the balance of payments- to deal in the short-run with structural features of Mexico's economy. He then applied his model to a variety of scenarios in order to explore the short-term dynamic impact of oil revenues on real incomes, prices, inflation, money, supply and balance of payments. Incorporating theoretical and empirical evidence of hoe expectations affect levels of economic activity and inflation, Dr Carrada's model is applicable also to the conditions of other oil-rich developing countries

Author: Roberto A. Coronado
Publisher:
ISBN:
Category : Business cycles
Languages : en
Pages : 314

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Author: D. Sykes Wilford
Publisher: Greenwood
ISBN:
Category : Business & Economics
Languages : en
Pages : 184

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Author: John K. Thompson
Publisher: Greenwich, Conn. : JAI Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 272

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