Mexico : Financial Sector Assessment Program Update: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision

Author/Editor:

International Monetary Fund

Publication Date:

May 15, 2007

Electronic Access:

Free Full Text (PDF file size is 394 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper presents a Detailed Assessment of Mexico’s compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision. Fiscal consolidation reduced the gross public debt-to-GDP ratio to below 50 percent, providing the foundations for a monetary policy able to bring inflation down to less than 4 percent, in the context of a floating exchange rate. These improvements have contributed to Mexico’s achievement of investment-grade rating, uninterrupted access to capital at low cost, and resilience to shocks, such as the Russian crisis.

Series:

Country Report No. 07/172

Subject:

English

Publication Date:

May 15, 2007

ISBN/ISSN:

9781451825800/1934-7685

Stock No:

1MEXEA2007011

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

42

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