The Mexican Economy
Macroeconomic conditions in Mexico seem to have stabilized, and concerns about growth have become focused on the condition of the banking system. The peso's real exchange rate, which combines information about the nominal exchange rate and the inflation rates in the US and Mexico, was greatly reduced by the devaluation of the peso in December 1994, boosting Mexican competitiveness and exports.
Suggested citation: “The Mexican Economy,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-04, pp. 18, 04.01.1996.