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The political economy of Mexico's dollarization debate

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  • Bowles, Paul
  • Moreno Brid, Juan Carlos

Abstract

Between 1998 and 2002 Mexico was host to an intense debate over dollarization. This paper examines the conjunctural factors which led to the emergence of this debate, reviews the main participants in the debate and their arguments, and discusses why the debate ended. We further argue that the Mexican debate can best be understood not as one between rival ideological positions but between different, say, mainstream neoliberal positions. There is no mainstream consensus on the preferred form of the institutional governance of money. The Mexican debate on dollarization reflects this rather than simply the imperatives of global market pressures.

Suggested Citation

  • Bowles, Paul & Moreno Brid, Juan Carlos, 2006. "The political economy of Mexico's dollarization debate," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4981, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col031:4981
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    1. Hammill, Matthew, 2005. "Income inequality in Central America, Dominican Republic and Mexico: assessing the importance of individual and household characteristics," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4965, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Moreno Brid, Juan Carlos & Rivas Valdivia, Juan Carlos & Santamaría, Jesús, 2005. "Mexico: economic growth, exports and industrial performance after NAFTA," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4963, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Jha, Raghbendra & Schatan, Claudia, 2001. "Debt for nature: a swap whose time has gone?," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4961, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Sauma F., Pablo, 2006. "Volatilidad del crecimiento y sus efectos sociales en los países del Istmo Centroamericano, 1990-2002," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1956, November.
    5. Máttar, Jorge & Moreno Brid, Juan Carlos & Peres Núñez, Wilson, 2002. "Foreign investment in Mexico after economic reform," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4876, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Avalos, Marcos & Schatán, Claudia, 2004. "Condiciones de competencia en el contexto internacional: Cemento, azúcar y fertilizantes en Centroamérica," EGAP Working Papers 2004-08, Tecnológico de Monterrey, Campus Ciudad de México.
    7. Dussel Peters, Enrique, 2004. "Propuestas de política para mejorar la competitividad y la diversificación de la industria maquiladora de exportación en Honduras ante los retos del CAFTA," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4944, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Dussel Peters, Enrique, 2001. "Un análisis de la competitividad de las exportaciones de prendas de vestir de Centroamérica utilizando los programas y la metodología CAN y MAGIC," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4875, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    9. Gammage, Sarah & Schmitt, John, 2004. "Los inmigrantes mexicanos, salvadoreños y dominicanos en el mercado laboral estadounidense: las brechas de género en los años 1990 y 2000," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4940, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    10. Rivera, Eugenio & Schatan, Claudia, 2006. "Los mercados en el Istmo Centroamericano y México: ¿qué ha pasado con la competencia?," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4962, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    Cited by:

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