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| Author(s): |
Roberto Coronado,
Jesus Cañas and
Robert W. Gilmer
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| Title: |
Trade, manufacturing put Mexico back on track in 2004.
[Comercio, Manufacturero Componen a México en 2004.]
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| Series: |
Crossroads: Economic Trends in the Desert Southwest
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| Publisher: |
DALLAS: FEDERAL RESERVE BANK OF DALLAS, Issue 1, 2005
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| Description: |
6 pages, pdf.
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| Abstract: |
A decade after the Tequila Crisis of December 1994, the Mexican economy presents a macroeconomic landscape that has been fundamentally improved. An independent central bank brings new transparency and accountability to the conduct of monetary policy,with a stated objective of targeting inflation. The fiscal deficit has been held under 2 percent of gross domestic product (GDP) every year since the 1994?95 crisis. The exchange rate floats successfully, with accumulated foreign exchange reserves reaching nearly $65 billion in December. Markets for government debt attract investors at low rates, and government securities now have a duration of up to 20 years.
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| Subjects: |
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| Call Number: |
electronic resource
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| ISBN/ISSN: |
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| Status: |
Checked In
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| Barcode: |
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| Language: |
English
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| Collection: |
Electronic
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| URL: |
http://dallasfed.org/research/houston/2005/hb0502.pdf
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