Mexico and the Super Peso A Tale of Two Surprises Jorge G. Gonzalez Trinity University Mexico Group
The events of 2001 and 2002 Economic weakness in U.S. Mexican government gridlock Mexico – U.S. relationship Crisis in Argentina
Mexico’s Reaction ¿Peso’s debacle?
Exchange Rate Pesos per U.S. Dollar Source: Banco de México
Exchange Rate Pesos per U.S. Dollar Source: Banco de México
Mexico’s Reaction Peso’s debacle? Capital flight?
Foreign Direct Investment Billions of Dollars Source: Banco de México
Mexico’s Reaction Peso’s debacle? Capital flight? Economic crisis?
Real GDP % Change Source: Banco de México
Mexico’s Reaction Peso’s debacle? Capital flight? Economic crisis? Fiscal crisis?
Government Balance Balance / GDP Source: SHCP
Mexico’s Reaction Peso’s debacle? Capital flight? Economic crisis? Fiscal crisis? Inflationary spiral?
Inflation Source: Banco de México
Risks and Challenges Super Peso
Inflation Differential vs. Exchange Rate Inflation Exchange Rate Source: Banco de México
Merchandise Trade Billions of Dollars Source: Banco de México
Why Super Peso? Foreign Investment Family Remittances
Family Remittances Billions of Dollars Source: Banco de México
Super Heroes
Risks and Challenges Super Peso U.S. economy Mexican Politics Income Inequality and Poverty
A Tale of Two Surprises? Economic stability is not a surprise Super Peso June 17 th, 2002
Source: Proceso, June 23, 2002 Pg. 41
Mexico and the Super Peso A Tale of Two Surprises Jorge G. Gonzalez Trinity University Mexico Group
Mexico and the Super Peso A Tale of Two Surprises Jorge G. Gonzalez Trinity University Mexico Group