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The interest rate-exchange rate link in the Mexican float
(Centro de Investigación y Docencia Ecónomicas, 2004)
This paper examines empirically the interest rate-exchange rate link in the context of the Mexican experience with a floating Exchange regime. The impulse response function derived from an ECM estimated by GMM reveals a ...
Capital flows and private investment in Mexico
(Centro de Investigación y Docencia Ecónomicas, 2013)
Based on the so-called bounds testing approach, the paper studies the long-run effect of capital flows and the real exchange rate on Mexico’s private investment from 1988 through 2008, presenting two main results. First, ...
Asymmetric real‑exchange‑rate effects on capital accumulation: evidence from non‑linear ARDL models for Mexico
(Centro de Investigación y Docencia Económicas, 2018-10-05)
The paper studies the effects of the real exchange rate (RER) on capital accumulation in Mexico in the period since the late 1980s. By testing for the existence of potential asymmetries, the paper seeks to clarify some of ...
La enfermedad mexicana y los dilemas de la política económica
(Centro de Investigación y Docencia Ecónomicas, 2000)
En este documento se analiza el impacto de variaciones en el tipo de cambio real sobre los dilemas de la política macroeconómica, a partir de la experiencia mexicana reciente. En el corto plazo, una apreciación cambiaria ...
Exchange rate policy credibility in Mexico, 1991-1994
(Centro de Investigación y Docencia Ecónomicas, 1998)
An econometric examination of interest rate differentials reveals the existence of a significant relationship between the level of Exchange rate policy credibility in Mexico during 1991-1994, and the country’s macroeconomic ...