Mexico : Financial Sector Assessment Program Update: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision

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Release Date: © May, 2007
ISBN : 978-1-45521-875-2
Stock #: 1MEXEM2007011
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Description

This paper presents a Detailed Assessment of Mexico’s compliance with the Basel Core Principles for Effective Banking Supervision and Transparency of Banking Supervision. Fiscal consolidation reduced the gross public debt-to-GDP ratio to below 50 percent, providing the foundations for a monetary policy able to bring inflation down to less than 4 percent, in the context of a floating exchange rate. These improvements have contributed to Mexico’s achievement of investment-grade rating, uninterrupted access to capital at low cost, and resilience to shocks, such as the Russian crisis.

Taxonomy

Anti-money laundering , Economic policy , Fiscal policy , International financial system , Transparency




More publications in this series: IMF Staff Country Reports