Mexico: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 054

Publication date: February 2009

ISBN: 9781451825855

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Banks and Banking , Exports and Imports , Labor , Money and Monetary Policy , ISCR , CR , firm , currency , derivative , Mexico , remittance , currency derivative exposure , banking sector , derivatives strategy , balance sheet data , currency derivative trade , bank soundness , FX derivatives loss , Currencies , Remittances , Credit risk , Employment , Commercial banks , Global

Also of interest

Spain

Grenada

Nepal

Peru

Summary

This Selected Issues paper on Mexico presents econometric investigation of the cyclical determinants of remittances to Mexico. The aggregate U.S. business cycle is not necessarily relevant for remittances. Remittances to Mexico do show a significant relationship with employment conditions in certain regions of the United States. Employment conditions in the U.S. construction sector seem to be especially important as well as remittances for certain regions of Mexico with high rates of emigration, and for many low-income households where they may constitute a sizable share of total income.