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dc.creatorCarrillo, Julio A.
dc.creatorGarcía, Ana Laura
dc.date.issued2021-12-08
dc.identifier.issn2196-436X
dc.identifier.urihttp://hdl.handle.net/11651/4760
dc.descriptionCOVID-19, financial conditions, impulse responses, local projections
dc.description.abstractThe COVID-19 pandemic not only generated real shocks affecting economic activity severely, but also a broad uncertainty that unleashed an extreme shock to financial markets. In this paper, we focus on the financial dimension of the pandemic from the viewpoint of an emerging market economy. Accordingly, we estimate a financial conditions index for Mexico since 1993 and find that the acute turmoil generated by the pandemic stands among the four largest episodes of financial distress experienced by the country. In addition, we find evidence suggesting that real variables have responded differently to shocks that worsen financial conditions than to shocks that improve them.
dc.formatapplication/PDF
dc.language.isoeng
dc.publisherCentro de Investigación y Docencia Económicas
dc.relation.ispartofLatin American Economic Review, volumen 30, diciembre de 2021
dc.rightsLa revista Latin American Economic Review autoriza a poner en acceso abierto de conformidad con las licencias CREATIVE COMMONS, aprobadas por el Consejo Académico Administrativo del CIDE, las cuales establecen los parámetros de difusión de las obras con fines no comerciales. Lo anterior sin perjuicio de los derechos morales que corresponden a los autores.
dc.source2196-436X
dc.titleThe COVID-19 economic crisis in Mexico through the Lens of a financial conditions index
dc.typeArtículo
dc.accessrightsAcceso abierto
dc.recordIdentifier000004760
dc.rights.licenseCreative Commons Reconocimiento-NoComercial-SinObraDerivada 4.0 International CC BY-NC-ND
dc.identifier.citationEn: Latin American Economic Review, volumen 30, diciembre de 2021
dc.identifier.doihttps://doi.org/10.47872/laer.v30.41
dc.identifier.urlhttps://www.latinaer.org/index.php/laer/article/view/41


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