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Bretton Woods Essay Topics & Paper Examples

MINI CASE: MEXICO’S BALANCE OF PAYMENTS PROBLEM

Recently, Mexico experienced large-scale trade deficits, depletion of foreign reserve holdings and a major currency devaluation in December 1994, followed by the decision to freely float the peso. These events also brought about a severe recession and higher unemployment in Mexico. Since the devaluation, however, the trade balance has improved. Investigate the Mexican experiences in detail and write a report on the subject. In the report, you may: (a) document the trend in Mexico’s key economic indicators, such as the balance of payments, the exchange rate, and foreign reserve holdings, during the period 1994.1 through 1995.12.; (b) investigate the causes of Mexico’s balance of payments difficulties prior to the peso devaluation; (c) discuss what policy actions might have prevented or…