Chapter

The Experience with a Floating Exchange Rate Regime: The Case of Mexico

Agustín Carstens and Guillermo Ortiz Martinez

in International Financial Markets

Published by University of Chicago Press

Published in print April 2003 | ISBN: 9780226032146
Published online February 2013 | e-ISBN: 9780226032153 | DOI: http://dx.doi.org/10.7208/chicago/9780226032153.003.0007
The Experience with a Floating Exchange Rate Regime: The Case of Mexico

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This chapter examines the experience of Mexico with a floating exchange rate regime. It reviews Mexico's problematic transition to the floating exchange rate regime during 1994–95 and describe how monetary and exchange rate policy have been conducted under this regime. This chapter analyzes the behavior of inflation, exchange rates and other financial and real variables during the float and suggests that the floating exchange rate regime in Mexico has performed better than conventional wisdom would have led us to believe.

Keywords: floating exchange rate; Mexico; monetary policy; exchange rate policy; inflation

Chapter.  11847 words.  Illustrated.

Subjects: International Economics

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