Mexico : Review Under the Flexible Credit Line Arrangement; Staff Report and Press Release on the Executive Board Discussion.

Mexico's strong policy framework has helped cushion the impact of the global crisis. The staff report highlights Mexico's review under the Flexible Credit Line Arrangement. The flexible exchange rate has adjusted, the inflation targeting framework has provided an anchor for expectations, a...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Staff Country Reports; Country Report ; No. 2009/302
Online Access:Full text available on IMF
Description
Summary:Mexico's strong policy framework has helped cushion the impact of the global crisis. The staff report highlights Mexico's review under the Flexible Credit Line Arrangement. The flexible exchange rate has adjusted, the inflation targeting framework has provided an anchor for expectations, and the fiscal rule and strengthened public sector balance sheets have averted disruptive moves in fiscal risk premia. Substantial liquidity has been provided to the foreign exchange market. Support has been put in place for a variety of domestic financial market segments.
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Physical Description:1 online resource (25 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students