Author: United States. Congress. House. Committee on Small Business
Publisher:
ISBN: 9780160440540
Category : Business & Economics
Languages : en
Pages : 172
Book Description
NAFTA and Peso Devaluation
Author: United States. Congress. House. Committee on Small Business
Publisher:
ISBN: 9780160440540
Category : Business & Economics
Languages : en
Pages : 172
Book Description
Publisher:
ISBN: 9780160440540
Category : Business & Economics
Languages : en
Pages : 172
Book Description
NAFTA, the Peso Crisis, and the Contradictions of the Mexican Economic Growth Strategy
Author: Robert A. Blecker
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper analyzes the causes of the massive peso devaluation of December 1994 and the ensuing economic crisis in Mexico. The paper argues that, while earlier devaluation might have been helpful, Mexico?s economic growth strategy in the early 1990s was fraught with internal inconsistencies that made a collapse of that strategy inevitable. Especially, Mexico?s use of the nominal exchange rate as an "anchor" to control inflation resulted in a real overvaluation of the peso in 1990-94, which, combined with the liberalization of foreign trade, led to unsustainable current account deficits financed by volatile inflows of "hot money." Since the devaluation, the Mexican government is counting on increased net exports and direct foreign investment to be the "engine of growth," while maintaining tight fiscal and monetary policies that suppress domestic demand in order to control inflation. The paper argues that Mexico is trying an economic strategy based on a redistribution of income from wages to profits and evaluates the prospects for this regressive redistributional strategy to succeed or fail.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper analyzes the causes of the massive peso devaluation of December 1994 and the ensuing economic crisis in Mexico. The paper argues that, while earlier devaluation might have been helpful, Mexico?s economic growth strategy in the early 1990s was fraught with internal inconsistencies that made a collapse of that strategy inevitable. Especially, Mexico?s use of the nominal exchange rate as an "anchor" to control inflation resulted in a real overvaluation of the peso in 1990-94, which, combined with the liberalization of foreign trade, led to unsustainable current account deficits financed by volatile inflows of "hot money." Since the devaluation, the Mexican government is counting on increased net exports and direct foreign investment to be the "engine of growth," while maintaining tight fiscal and monetary policies that suppress domestic demand in order to control inflation. The paper argues that Mexico is trying an economic strategy based on a redistribution of income from wages to profits and evaluates the prospects for this regressive redistributional strategy to succeed or fail.
Effects of NAFTA and the Peso Devaluation on U.S.-Mexico Trade
Health and Health Policy Consequences of NAFTA After the Devaluation of the Peso
Author: Pauline Vaillancourt Rosenau
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 76
Book Description
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 76
Book Description
Nafta and Peso Devaluation
Author: United States. Congress. House Business
Publisher: Hardpress Publishing
ISBN: 9781314720624
Category :
Languages : en
Pages : 164
Book Description
Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.
Publisher: Hardpress Publishing
ISBN: 9781314720624
Category :
Languages : en
Pages : 164
Book Description
Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.
Mexican Meltdown
Author: Maxwell A. Cameron
Publisher:
ISBN:
Category : Democracy
Languages : en
Pages : 36
Book Description
Publisher:
ISBN:
Category : Democracy
Languages : en
Pages : 36
Book Description
Nafta and Peso Devaluation; A Problem for U. S. Exporters?
Author: United States Congress
Publisher: Forgotten Books
ISBN: 9780656316878
Category : Business & Economics
Languages : en
Pages : 160
Book Description
Excerpt from Nafta and Peso Devaluation; A Problem for U. S. Exporters?: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Third Congress, First Session; Washington, DC, May 20, 1993 I know that the Salinas Government does not want to do this. I know that it is something to be avoided, but if we are going to have a nafta, wouldn't it be wise to have a provision in nafta that solidifies what might be the present intent that deals with this? I think it is crucial that we do. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Publisher: Forgotten Books
ISBN: 9780656316878
Category : Business & Economics
Languages : en
Pages : 160
Book Description
Excerpt from Nafta and Peso Devaluation; A Problem for U. S. Exporters?: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Third Congress, First Session; Washington, DC, May 20, 1993 I know that the Salinas Government does not want to do this. I know that it is something to be avoided, but if we are going to have a nafta, wouldn't it be wise to have a provision in nafta that solidifies what might be the present intent that deals with this? I think it is crucial that we do. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The Impact of NAFTA and the Peso Devaluation on the Citrus Industry of Mexico
Author: Thomas H. Spreen
Publisher:
ISBN:
Category : Citrus fruit industry
Languages : en
Pages : 36
Book Description
Publisher:
ISBN:
Category : Citrus fruit industry
Languages : en
Pages : 36
Book Description
NAFTA and Peso Devaluation
Author: United States Congress House Committe
Publisher: Palala Press
ISBN: 9781342317933
Category :
Languages : en
Pages : 158
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Publisher: Palala Press
ISBN: 9781342317933
Category :
Languages : en
Pages : 158
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
The Mexican Peso Crisis
Author: Mr.Paul R. Masson
Publisher: International Monetary Fund
ISBN: 1451929099
Category : Business & Economics
Languages : en
Pages : 36
Book Description
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.
Publisher: International Monetary Fund
ISBN: 1451929099
Category : Business & Economics
Languages : en
Pages : 36
Book Description
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.