Mexico: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2009/053, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report on Mexico’s 2008 Article IV Consultation focuses on economic and financial sector implications of the global crisis. Inflation has been anchored in a low range, and public and private balance sheets have been substantially strengthened. Most importantly, public external debt and financing requirements have been sharply reduced. The external current account position has been solid, and official reserves have been built up steadily, though not to the extent in some other emerging markets. The banking system is highly profitable and well capitalized.

Keywords: ISCR; CR; fiscal policy stimulus; Mexico; monetary policy; economy; weakening economy; liability positions vis; above-target inflation expectation; fallback financing option; Oil exports; Fiscal stance; Credit; Global; Europe; North America (search for similar items in EconPapers)
Pages: 62
Date: 2009-02-13
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=22700 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2009/053

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().