Mexico: Selected Issues

November 26, 2013

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Format: Chicago

Mexico: Selected Issues, (USA: International Monetary Fund, 2013) accessed December 26, 2024

Summary

This Selected Issues paper analyzes reforms to Mexico’s fiscal framework. Mexico’s resilient economic performance would be consolidated by increasing fiscal policy buffers and preparing for challenges associated with long-term budget pressures. In the short term, reducing public debt levels can create space to implement countercyclical fiscal policies and reduce exposure to high financing and hedging costs, which would protect Mexico’s credit rating at times of distress. The paper highlights that recent fiscal reform is designed with these policy objectives in mind, to build on the strengths of the previous fiscal framework.

Subject: Credit risk, Financial institutions, Financial regulation and supervision, Fiscal policy, Fiscal stance, Nonperforming loans, Oil prices, Prices

Keywords: C. modeling credit risk, Caribbean, Commodity, Commodity cycle, Commodity gap, CR, Credit risk, Credit risk modeling, D.C., Expenditure, Fiscal stance, Global, Growth cap, International Monetary Fund Washington, ISCR, LLP ratio, Nonperforming loans, NPL ratio, Oil prices, Oil revenue, Price boom

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/333
Stock No:

1MEXEA2013002
ISBN:

9781475522389
ISSN:

1934-7685

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