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Inestabilidad estructural en México: informe de políticas

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  • Ricardo J. Caballero

Abstract

(Disponible en idioma inglés únicamente) En este trabajo se analizan las debilidades económicas de México y se ofrecen recomendaciones de las políticas correspondientes. Los problemas actuales incluyen vínculos y condiciones financieros internacionales débiles, un problema recurrente de restricción del crédito y subdesarrollo financiero, con bancos especialmente frágiles, una situación fiscal débil causada por la extrema vulnerabilidad a sacudidas internas y externas, y un problema latente de credibilidad de la política monetaria. Las recomendaciones de políticas que se presentan en este trabajo incluyen el mejoramiento de los vínculos financieros internacionales, la reducción de la exposición directa a las sacudidas externas, el aceleramiento de la profundización financiera interna y el fortalecimiento de los acuerdos existentes, la reducción de la exposición de las cuentas públicas a las sacudidas internas y externas, y la estabilización de las fluctuaciones del tipo de cambio nominal de muy alta y muy baja frecuencia.

Suggested Citation

  • Ricardo J. Caballero, 2000. "Inestabilidad estructural en México: informe de políticas," Research Department Publications 4210, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:4210
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    References listed on IDEAS

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    1. Gavin, Michael & Hausmann, Ricardo, 1996. "The Roots of Banking Crises: The Macroeconomic Context," IDB Publications (Working Papers) 6067, Inter-American Development Bank.
    2. Ricardo Caballero & Arvind Krishnamurthy, 1998. "Emerging Market Crises: An Asset Markets Perspective," Working papers 98-18, Massachusetts Institute of Technology (MIT), Department of Economics.
    3. repec:idb:wpaper:318 is not listed on IDEAS
    4. Rajan, Raghuram G & Zingales, Luigi, 1998. "Financial Dependence and Growth," American Economic Review, American Economic Association, vol. 88(3), pages 559-586, June.
    5. Ricardo J. Caballero, 2000. "Structural Volatility in Argentina: A Policy Report," Research Department Publications 4213, Inter-American Development Bank, Research Department.
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    7. Gelos, R. Gaston & Werner, Alejandro M., 2002. "Financial liberalization, credit constraints, and collateral: investment in the Mexican manufacturing sector," Journal of Development Economics, Elsevier, vol. 67(1), pages 1-27, February.
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