MEXICO’S FINANCIAL CRISIS: A SURVEY OF MONETARY VARIABLES (1990-2012),CRISIS FINANCIERAS DE MEXICO: UN ESTUDIO DE VARIABLES MONETARIAS (1990 – 2012)

Erika Olivas Valdez

Revista Internacional Administracion & Finanzas, 2013, vol. 6, issue 7, 27-46

Abstract: During the last decade the Mexican economy has shown erratic behavior in the evolution of financial variables, while the implementation of monetary policies has not been able to control the effects of the international financial markets. Globalization of these markets has led to an integration of economies. Rather than guaranty benefits this has led to an instability in monetary variables, mainly in the behavior of its stock market and the international value of its currency. Using a quantitative methodology (VAR) the relation and effect of the main monetary variables has been analyzed, using time series of monthly data for 22 years (261 observations). We analyzed the exchange rate behavior(peso-dollar), price index and market rates of the Mexican Stock Exchange, Mexico’s international Levels of Reserve, Mexican Internal Debt and the interest rate in savings deposits. The purpose is to describe the types of financial crisis that Mexico has suffered during the last two decades and quantify their effect on monetary variables. Furthermore the paper makes contributions related to monetary policies.

Keywords: Financial Crisis; Self-Regressive Vectors and Monetary Policy (search for similar items in EconPapers)
JEL-codes: E44 E47 (search for similar items in EconPapers)
Date: 2013
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