Acceso usuarios
Alejandro M. Werner, Agustín Carstens
Mexico is the only country in Latin America that has maintained a floating exchange rate regime for a relatively long period of time. Therefore the study of Mexico¿s experience could provide useful lessons for other emerging economies. The paper analyses how monetary and exchange rate policy has been conducted in Mexico since 1994, concluding that the evolution of the Mexican peso exchange rate has not been that different than the one of currencies of industrialized countries that float. Lastly the paper addresses the issue of whether Mexico should (and could) adopt a currency board or dollarize the economy.
