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La estructura de la deuda pública en México: Lecciones y perspectivas

  • Fausto Hernández Trillo
  • Alejandro Villagómez Amezcua

Este artículo examina algunas de las hipótesis sobre las estrategias de deuda que a priori parece haber seguido el gobierno mexicano, partiendo de un examen de la evolución y composición de la misma. Un aspecto interesante de este examen es que el nivel de la deuda total con respecto al PIB en México era relativamente bajo (27 por ciento), sobre todo comparado con algunos países de la Unión Europea como Italia y Bélgica. Esto sugiere que la composición de la deuda y su perfil de vencimientos se convierten en un aspecto importante, particularmente en México. De este examen uno de los acertijos que saltan a la escena es si la excesiva indización de la deuda interna al dólar durante 1994 fue una medida adecuada.

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Paper provided by Inter-American Development Bank in its series IDB Publications (Working Papers) with number 7612.

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Date of creation: Jun 2000
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Handle: RePEc:idb:brikps:7612
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  1. Carlos Sales-Sarrapy & Fernando Solis-Soberon & Alejandro Villagomez-Amez, 1996. "Pension System Reform: The Mexican Case," NBER Working Papers 5780, National Bureau of Economic Research, Inc.
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  10. Andrew Atkeson & Jose-Victor Rios-Rull, 1995. "The Balance of Payments and Borrowing Constraints: An Alternative View of the Mexican Crisis," NBER Working Papers 5329, National Bureau of Economic Research, Inc.
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  12. John Y. Campbell, 1995. "Some Lessons from the Yield Curve," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 129-152, Summer.
  13. Michael P. Dooley, 1994. "A Retrospective on the Debt Crisis," NBER Working Papers 4963, National Bureau of Economic Research, Inc.
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  15. Eaton, Jonathan & Gersovitz, Mark, 1981. "Debt with Potential Repudiation: Theoretical and Empirical Analysis," Review of Economic Studies, Wiley Blackwell, vol. 48(2), pages 289-309, April.
  16. Alessandro Missale & Olivier Jean Blanchard, 1991. "The Debt Burden and Debt Maturity," NBER Working Papers 3944, National Bureau of Economic Research, Inc.
  17. Antonio Ávalos Huerta & Fausto Hernández Trillo, 1995. "Comportamiento del tipo de cambio real y desempeño económico en México," Economía Mexicana NUEVA ÉPOCA, , vol. 0(2), pages 239-263, July-Dece.
  18. Missale, Alessandro, 1997. " Managing the Public Debt: The Optimal Taxation Approach," Journal of Economic Surveys, Wiley Blackwell, vol. 11(3), pages 235-65, September.
  19. Pazarbasioglu, Ceyla & Otker, Inci, 1997. "Likelihood versus timing of speculative attacks: A case study of Mexico," European Economic Review, Elsevier, vol. 41(3-5), pages 837-845, April.
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  24. Robert J. Barro, 1995. "Optimal Debt Management," NBER Working Papers 5327, National Bureau of Economic Research, Inc.
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