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Mexico: Selected Issues

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2004. "Mexico: Selected Issues," IMF Staff Country Reports 2004/250, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/250
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17625
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    References listed on IDEAS

    as
    1. Mr. Guy M Meredith, 2001. "Why Has the Euro Been so Weak?," IMF Working Papers 2001/155, International Monetary Fund.
    2. Mr. Zhongxia Jin, 2003. "The Dynamics of Real Interest Rates, Real Exchange Rates and the Balance of Payments in China: 1980-2002," IMF Working Papers 2003/067, International Monetary Fund.
    3. Mr. Marcelo P. Dabós & Mr. V. Hugo Juan-Ramon, 2000. "Real Exchange Rate Response to Capital Flows in Mexico: An Empirical Analysis," IMF Working Papers 2000/108, International Monetary Fund.
    4. Robin Brooks & Hali Edison & Manmohan S. Kumar & Torsten Sløk, 2004. "Exchange Rates and Capital Flows," European Financial Management, European Financial Management Association, vol. 10(3), pages 511-533, September.
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    Cited by:

    1. Jul, Ana María, 2006. "Off-Budget Operations: Report," IDB Publications (Working Papers) 2815, Inter-American Development Bank.
    2. Abdurrahman Aydemir & George J. Borjas, 2006. "A Comparative Analysis of the Labor Market Impact of International Migration: Canada, Mexico, and the United States," NBER Working Papers 12327, National Bureau of Economic Research, Inc.
    3. Ana María Jul, 2006. "Off-Budget Operations: Report," IDB Publications (Working Papers) 23838, Inter-American Development Bank.

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