 |
 |
|
|
|
|
                                                     
|
|
|
|
Country Currency Mexico Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies by Sebastian Edwards, The 1990s witnessed several acute currency crises among developing nations that invariably spread to other nearby at-risk countries. These episodes--in Mexico, Thailand, South Korea, Russia, and Brazil--were all exacerbated by speculative foreign investments and high-volume movements of capital in and out of those countries. Insufficient domestic controls and a sluggish international response further undermined these economies, as well as the credibility of external oversight agencies like the International Monetary Fund. This timely volume examines the correlation between volatile capital mobility, currency instability, and the threat of regional contagion, focusing particular attention on the emergent economies of Latin America, Southeast Asia, and Eastern Europe. Together these studies offer a new understanding of the empirical relationship between capital flows, international trade, and economic performance, and also afford key insights into realms of major policy concern.
Money, Exchange Rates, and Output by Guillermo Calvo, Guillermo Calvo, who foresaw the financial crisis that followed the devaluationn of Mexico's peso, has spent much of his career thinking beyond the conventional wisdom. In a quiet and understated way, Calvo has made seminal contributions to several major research areas in macroeconomics, particularly monetary policy, exchange rates, public debt, and stabilization in Latin America and post-communist countries. Money, Exchange Rates, and Output brings together these contributions in a broad selection of the author's work over the past two decades. There are introductions to each section, and an introduction to the entire collection that outlines the connections throughout and survey the current state of macroeconomic theory. Specific issues covered are predetermined exchange rates, currency substitution, domestic public debt and seigniorage, and stabilizing transition economics.
1994 economic crisis in Mexico - The 1994 economic crisis in Mexico was triggered by the sudden devaluation of the peso in the early days of the presidency of Ernesto Zedillo. A week or so of intense currency crisis was stabilized when US President Bill Clinton decided to grant Mexico a loan to bail the country out, to the tune of US $50 billion. Our Currency Our Country - In this book the Conservative politician John Redwood argues that the single currency is a bad idea for both political, economic and legal reasons. Mexico - The United Mexican States or Mexico (Spanish: Estados Unidos Mexicanos or México; regarding the use of the variant spelling Méjico, see section The name below) is a country located in North America, bordered by the United States to the north, and Belize and Guatemala to the southeast. It is the northernmost and westernmost country in Latin America, and also the most populous Spanish-speaking country in the world. Demographics of Mexico - Mexico, with its estimated population of 106 million in 2005, is the most populous Spanish-speaking country in the world, and the second-most populous country in Latin America after Portuguese-speaking Brazil. The population of Mexico is ethnically and culturally diverse. countrycurrencymexico |
|
