000			01585nam a2200301 a 4500
003			arcduce
005			20230825213227.0
007			t|
008			160831s1996 dcu||||| |||| 00| 0 eng d
040			_aarcduce _carcduce
082	0		_a332.414097
100	1		_aMasson, Paul R., _d1946- _99909
245	1	4	_aThe mexican peso crisis : _boverview and analysis of credibility factors / _cPaul R. Masson, Pierre-Richard Agenor.
260			_aWashington, D.C. : _bInternational Monetary Fund, _c1996
300			_aiii, 19 p. : _bil.
490	0		_aIMF working paper ; _v96/6
504			_aIncluye bibliografía.
520	3		_aThis paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness trade-off is presented to explain the formation of devaluation expectations. Estimation results indicate that investors appear to have seriously underestimated the risk of devaluation, despite early warning signals. The collapse of confidence that followed the December 20 devaluation may have been the result of a shift in the perceived commitment of the authorities to axchange rate stability.
650		4	_aCRISIS MONETARIA _91237
650		4	_aINFLACION _9282
650		4	_aDEVALUACION _94728
650		4	_aMODELOS ECONOMETRICOS _975
651		4	_aMEXICO _9822
653		4	_aTEORIA DE LA INFLACION
700	1		_aAgénor, Pierre-Richard, _d1957- _93763
942			_cDOCU _jF-D 332.414097 M 17651 _2ddc
945			_aBEA _c2016-08-31 corregido
999			_c10403 _d10403