Mexico: Selected Issues

August 13, 2004

Preview Citation

Format: Chicago

Mexico: Selected Issues, (USA: International Monetary Fund, 2004) accessed December 24, 2024

Summary

This Selected Issues paper analyzes reserve adequacy in Mexico. Reserve adequacy has been of renewed interest, as the authorities have introduced a new rules-based mechanism of U.S. dollar sales to reduce the rate of reserve accumulation. The paper examines the recent experience with Mexico’s fiscal management tools in light of the need for further consolidation. It reviews evidence on the cyclical behavior of fiscal policy in Mexico, finding that it has generally been procyclical since the early 1990s. The paper also examines the determinants of inflation in Mexico since 1997.

Subject: Central banks, Currencies, Dollarization, Exchange rates, Foreign exchange, Inflation, Monetary policy, Prices, Reserves accumulation, Revenue administration

Keywords: Adequacy ratio, Africa, CR, Dollar, Dollar movement, Dollar rate, Dollarization, Euro rate, Europe, Exchange rates, Global, Inflation, ISCR, North America, Price, Reserves accumulation, U.S. dollar, Western Hemisphere

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/250
Stock No:

1MEXEA0012004
ISBN:

9781451955613
ISSN:

1934-7685

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