The Inflation Tax, Reserve Requirements and Mexican Economic Development

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Publisher :
ISBN 13 :
Total Pages : 294 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Inflation Tax, Reserve Requirements and Mexican Economic Development by : Patrick John Newport

Download or read book The Inflation Tax, Reserve Requirements and Mexican Economic Development written by Patrick John Newport and published by . This book was released on 1993 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Under-Rewarded Efforts

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Publisher : Inter-American Development Bank
ISBN 13 : 1597823058
Total Pages : 323 pages
Book Rating : 4.5/5 (978 download)

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Book Synopsis Under-Rewarded Efforts by : Santiago Levy Algazi

Download or read book Under-Rewarded Efforts written by Santiago Levy Algazi and published by Inter-American Development Bank. This book was released on 2018-07-11 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has an economy that has done so many things right failed to grow fast? Under-Rewarded Efforts traces Mexico’s disappointing growth to flawed microeconomic policies that have suppressed productivity growth and nullified the expected benefits of the country’s reform efforts. Fast growth will not occur doing more of the same or focusing on issues that may be key bottlenecks to productivity growth elsewhere, but not in Mexico. It will only result from inclusive institutions that effectively protect workers against risks, redistribute towards those in need, and simultaneously align entrepreneurs’ and workers’ incentives to raise productivity.

Central Bank Balances and Reserve Requirements

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Publisher : International Monetary Fund
ISBN 13 : 1455217905
Total Pages : 57 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Central Bank Balances and Reserve Requirements by : Mr.Simon Gray

Download or read book Central Bank Balances and Reserve Requirements written by Mr.Simon Gray and published by International Monetary Fund. This book was released on 2011-02-01 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most central banks oblige depository institutions to hold minimum reserves against their liabilities, predominantly in the form of balances at the central bank. The role of these reserve requirements has evolved significantly over time. The overlay of changing purposes and practices has the result that it is not always fully clear what the current purpose of reserve requirements is, and this necessarily complicates thinking about how a reserve regime should be structured. This paper describes three main purposes for reserve requirements - prudential, monetary control and liquidity management - and suggests best practice for the structure of a reserves regime. Finally, the paper illustrates current practices using a 2010 IMF survey of 121 central banks.

IMF Staff Papers

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Publisher : International Monetary Fund
ISBN 13 : 1451956029
Total Pages : 229 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis IMF Staff Papers by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1963-01-01 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses effects of inflation on economic development. A mild inflation may well encourage little, or no, evasion of the “inflation tax.” On the other hand, a strong inflation, and frequently a mild one also, will lead to community reactions which have effects like those of widespread tax evasion. A development policy may have wider aims than the encouragement of a high level of investment. Inflation has two effects on the desire for liquidity, which are related to the two basic reasons why individuals and businesses wish to hold liquid assets—the speculative and precautionary motives. Inflation increases the value of effective liquidity, thereby raising the community's desire for it, but it makes the most generally accepted store of liquidity unacceptable sources of protection. The control of inflation is only one of the problems facing a government wishing to encourage rapid economic development. The fight against illiteracy, the reform of bureaucratic practices, the building of basic sanitary facilities for the eradication of endemic diseases, the substitution of competitive for monopolistic trade practices, the encouragement of a widespread spirit of entrepreneurship, and the creation of an adequate amount of social capital, may be important prerequisites for rapid growth.

The Liquidation of Government Debt

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Publisher : International Monetary Fund
ISBN 13 : 1498338380
Total Pages : 47 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Liquidation of Government Debt by : Ms.Carmen Reinhart

Download or read book The Liquidation of Government Debt written by Ms.Carmen Reinhart and published by International Monetary Fund. This book was released on 2015-01-21 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: High public debt often produces the drama of default and restructuring. But debt is also reduced through financial repression, a tax on bondholders and savers via negative or belowmarket real interest rates. After WWII, capital controls and regulatory restrictions created a captive audience for government debt, limiting tax-base erosion. Financial repression is most successful in liquidating debt when accompanied by inflation. For the advanced economies, real interest rates were negative 1⁄2 of the time during 1945–1980. Average annual interest expense savings for a 12—country sample range from about 1 to 5 percent of GDP for the full 1945–1980 period. We suggest that, once again, financial repression may be part of the toolkit deployed to cope with the most recent surge in public debt in advanced economies.

Mexico's Recent Economic Growth

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Publisher : University of Texas Press
ISBN 13 : 147730648X
Total Pages : 234 pages
Book Rating : 4.4/5 (773 download)

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Book Synopsis Mexico's Recent Economic Growth by :

Download or read book Mexico's Recent Economic Growth written by and published by University of Texas Press. This book was released on 2014-11-11 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Mexican economy underwent a process of growth and transformation in the twentieth century, which was confirmed by the indexes and figures that economists use to chart the rate of growth, even allowing for possible inaccuracies in these figures. This volume of six essays makes readily available to English-speaking readers a selection of significant contributions by outstanding Mexican economists dealing with the mid-twentieth-century growth of the Mexican economy. Enrique Pérez López provides an overview of the development of the gross national product in the economy and the structural changes that were imperative if basic social goals were to be implemented and the optimal adjustments to changing world conditions effected. Ernesto Fernández Hurtado discusses the process of accommodation and cooperation between the public and the private sectors that has contributed significantly to economic growth, stressing particularly the role of agriculture. Mario Ramón Beteta describes central bank policy and the functioning of the Central Bank, showing how control over credit and the banking system assures stability and accelerating growth through its credit rationing. Alfredo Navarrete R. traces the sources of domestic savings that have provided 90 percent of the capital employed in the economy since the Revolution, and Ifigenia M. de Navarrete demonstrates that rapid economic growth has not resulted in a more equitable distribution of income. Victor Urquidi stresses the balanced growth, achieved by allocating public capital formation to basic infrastructure, that has helped develop agriculture as well as industry, and indicates the nature of the structural change that must occur if the economy is to expand rapidly. In his introduction Tom E. Davis compares growth in Mexico with developments during the same period in Chile and Argentina. The country reached its midcentury standard of living after fifty years of drastic social and political changes under a constitution that altered the system and the concept of private property and the role of the state. These new concepts brought about changes in the structure of production and social relationships, together with a rise to new cultural, technical, and moral levels. These changes, in turn, placed Mexico in a new position with new problems. A question that must be answered is whether the economic goals of the future require a reappraisal of social relationships and of the ways of administering and utilizing the country’s resources and potential productivity.

Good Intentions, Bad Outcomes

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Publisher :
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Good Intentions, Bad Outcomes by : Santiago Levy

Download or read book Good Intentions, Bad Outcomes written by Santiago Levy and published by . This book was released on 2008 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Argues that incoherent social programs significantly contribute to poverty and little growth. Proposes converting the existing social security system into universal social entitlements. Advocates eliminating wage-based social security contributions and raising consumption taxes on higher-income households to increase the rate of GDP growth, reduce inequality, and improve benefits for workers"--Provided by publisher.

The Mexican Peso Crisis

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Publisher : International Monetary Fund
ISBN 13 : 1451929099
Total Pages : 36 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis The Mexican Peso Crisis by : Mr.Paul R. Masson

Download or read book The Mexican Peso Crisis written by Mr.Paul R. Masson and published by International Monetary Fund. This book was released on 1996-01-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness trade-off is presented to explain the formation of devaluation expectations. Estimation results indicate that investors appear to have seriously underestimated the risk of devaluation, despite early warning signals. The collapse of confidence that followed the December 20 devaluation may have been the result of a shift in the perceived commitment of the authorities to exchange rate stability.

Natural Resource Taxation in Mexico: Some Considerations

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Publisher : International Monetary Fund
ISBN 13 : 1513599666
Total Pages : 36 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Natural Resource Taxation in Mexico: Some Considerations by : Ms. Alpa Shah

Download or read book Natural Resource Taxation in Mexico: Some Considerations written by Ms. Alpa Shah and published by International Monetary Fund. This book was released on 2021-10-18 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mexico has large extractive industries and it traditionally has raised sizable fiscal revenues from the oil and gas sector. A confluence of factors—elevated commodity prices, financial challenges of the state-owned oil company Pemex, and revenue needs for financing social and public investment spending over the medium term—suggest that a review of Mexico’s taxation regimes for natural resources would be opportune, against the backdrop of a comprehensive approach to tackling Mexico’s challenges. This paper identifies opportunities for redesigning mining taxation to increase somewhat the revenue intake while maintaining the favorable investment profile of the sector. It also discusses recent reforms to the oil and gas fiscal regime and future reform considerations, with attention to the attractiveness of investment on commercial terms—an issue that should be placed in the context of an overall reform of Pemex’s business strategy and possibly of the energy sector more generally.

Development and Growth in the Mexican Economy

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Publisher : Oxford University Press
ISBN 13 : 019537116X
Total Pages : 325 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Development and Growth in the Mexican Economy by : Juan Carlos Moreno-Brid

Download or read book Development and Growth in the Mexican Economy written by Juan Carlos Moreno-Brid and published by Oxford University Press. This book was released on 2009-04-23 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first comprehensive and systematic English-language treatment of Mexico's economic history to appear in nearly forty years. Drawing on several years of in-depth research, Juan Carlos Moreno-Brid and Jaime Ros, two of the foremost experts on the Mexican economy, examine Mexico's current development policies and problems from a historical perspective. They review long-term trends in the Mexican economy and analyze past episodes of radical shifts in development strategy and in the role of markets and the state. This book provides an overview of Mexico's economic development since Independence that compares the successive periods of stagnation and growth that alternately have characterized Mexico's economic history. It gives special attention to developments since 1940, and it presents a re-evaluation of Mexico's development policies during the State-led industrialization period from 1940 to 1982 as well as during the more recent market reform process. This reevaluation is critical of the dominant trend in economic literature and is revisionist in arguing that, in particular, the market reforms undertaken by successive Mexican governments since 1983 have not addressed the fundamental obstacles to economic growth. Development and Growth in the Mexican Economy also details the country's pioneering role in launching NAFTA, its membership in the OECD, and its radical macroeconomic reforms. Carefully argued and meticulously researched, the book presents a wide-ranging, authoritative study that not only pinpoints problems, but also suggests solutions for removing obstacles to economic stability and pointing the Mexican economy toward the road to recovery.

Economic Development

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Publisher : Cambridge University Press
ISBN 13 : 9780521829663
Total Pages : 884 pages
Book Rating : 4.8/5 (296 download)

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Book Synopsis Economic Development by : E. Wayne Nafziger

Download or read book Economic Development written by E. Wayne Nafziger and published by Cambridge University Press. This book was released on 2006 with total page 884 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fourth edition of his textbook E. Wayne Nafziger analyzes the economic development of Asia, Africa, Latin America, and East-Central Europe. This comprehensive and clearly written text explains the growth in real income per person and income disparities within and between developing countries. The author explains the reasons for the fast growth of Pacific Rim countries, Brazil, Poland, and (recently) India, and the increasing economic misery and degradation of large parts of sub-Saharan Africa. The book also examines China and other post-socialist economies as low- and middle-income countries, without, however, overshadowing the primary emphasis on the third world. The text is replete with real-world examples. The exposition emphasizes the themes of poverty, inequality, unemployment, the environment, and deficiencies of people in less developed countries. The guide to the readings, through bibliography, and websites with links to development resources makes the book useful for students writing research papers.

The Mexican Economy

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Publisher : Taylor & Francis
ISBN 13 : 1040253776
Total Pages : 182 pages
Book Rating : 4.0/5 (42 download)

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Book Synopsis The Mexican Economy by : George Philip

Download or read book The Mexican Economy written by George Philip and published by Taylor & Francis. This book was released on 2024-11-01 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1988, The Mexican Economy presents a comprehensive survey of the Mexican economy and its problems and argues that the crisis has more complex roots within the Mexican economy. It gives an equal weight to the long-term development of the Mexican economy and to the problems that have arisen since 1982. The contributors discuss issues like debt and oil-led development; Mexico’s 1986 financial rescue; the economic crisis and Mexican labour; the Mexican agricultural crisis; agriculture and environment; industrial decentralisation and regional policy, 1970–1986; Pemex and the petroleum sector; policies of the Mexican government towards NFRM; and Mexico’s maquiladora programme. This book will be of interest to students and researchers of economy, history, and political science.

Mexico's Search For A New Development Strategy

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Publisher : Routledge
ISBN 13 : 042971419X
Total Pages : 302 pages
Book Rating : 4.4/5 (297 download)

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Book Synopsis Mexico's Search For A New Development Strategy by : Dwight S. Brothers

Download or read book Mexico's Search For A New Development Strategy written by Dwight S. Brothers and published by Routledge. This book was released on 2019-08-16 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers commissioned for the Yale/Mexico Conference (New Haven, April, 1989) are organized around four themes: the economic and socio-political context; contemporary macroeconomic issues; alternative development strategies, and; financial sector reform agenda.

The Effects of Protectionism on a Small Country

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Publisher : World Bank Publications
ISBN 13 : 9780821327883
Total Pages : 186 pages
Book Rating : 4.3/5 (278 download)

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Book Synopsis The Effects of Protectionism on a Small Country by : Michael Bahaamonde Connolly

Download or read book The Effects of Protectionism on a Small Country written by Michael Bahaamonde Connolly and published by World Bank Publications. This book was released on 1994-01-01 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Competently executed series of studies on the distorted trade regime of Uruguay until the late 1980s and the effect of protectionism on a variety of economic outcomes. Topics covered range from the political economy of trade distortions to the sectoral impact of specific regulations. Worth reading"--Handbook of Latin American Studies, v. 57.

A Historical Public Debt Database

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Publisher : International Monetary Fund
ISBN 13 : 1455209457
Total Pages : 27 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis A Historical Public Debt Database by : International Monetary Fund

Download or read book A Historical Public Debt Database written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-11-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the compilation of the first truly comprehensive database on gross government debt-to-GDP ratios, covering nearly the entire IMF membership (174 countries) and spanning an exceptionally long time period. The database was constructed by bringing together a number of other datasets and information from original sources. For the most recent years, the data are linked to the IMF World Economic Outlook (WEO) database to facilitate regular updates. The paper discusses the evolution of debt-to-GDP ratios across country groups for several decades, episodes of debt spikes and reversals, and a pattern of negative correlation between debt and growth.

Dissertation Abstracts International

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Publisher :
ISBN 13 :
Total Pages : 540 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Dissertation Abstracts International by :

Download or read book Dissertation Abstracts International written by and published by . This book was released on 1993 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Development Macroeconomics

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Publisher : Princeton University Press
ISBN 13 : 0691165394
Total Pages : 792 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Development Macroeconomics by : Pierre-Richard Agénor

Download or read book Development Macroeconomics written by Pierre-Richard Agénor and published by Princeton University Press. This book was released on 2015-06-23 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis triggered severe shocks for developing countries, whose embrace of greater commercial and financial openness has increased their exposure to external shocks, both real and financial. This new edition of Development Macroeconomics has been fully revised to address the more open and less stable environment in which developing countries operate today. Describing the latest advances in this rapidly changing field, the book features expanded coverage of public debt and the management of capital inflows as well as new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, currency unions, and the choice of an exchange-rate regime. A new chapter on dynamic stochastic general equilibrium (DSGE) models with financial frictions has been added to reflect how the financial crisis has reshaped our thinking on the role of such frictions in generating and propagating real and financial shocks. The book also discusses the role of macroprudential regulation, both independently and through its interactions with monetary policy, in preserving financial and macroeconomic stability. Now in its fourth edition, Development Macroeconomics remains the definitive textbook on the macroeconomics of developing countries. The most authoritative book on the subject—now fully revised and expanded Features new material on fiscal discipline, monetary policy regimes, currency, banking and sovereign debt crises, and much more Comes with online supplements on informal financial markets, stabilization programs, the solution of DSGE models with financial frictions, and exchange rate crises