Mexico: Selected Issues

International Monetary Fund

No 2009/054, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper on Mexico presents econometric investigation of the cyclical determinants of remittances to Mexico. The aggregate U.S. business cycle is not necessarily relevant for remittances. Remittances to Mexico do show a significant relationship with employment conditions in certain regions of the United States. Employment conditions in the U.S. construction sector seem to be especially important as well as remittances for certain regions of Mexico with high rates of emigration, and for many low-income households where they may constitute a sizable share of total income.

Keywords: ISCR; CR; firm; currency; derivative; Mexico; remittance; currency derivative exposure; banking sector; derivatives strategy; balance sheet data; currency derivative trade; bank soundness; FX derivatives loss; Currencies; Remittances; Credit risk; Employment; Commercial banks; Global (search for similar items in EconPapers)
Pages: 18
Date: 2009-02-13
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