The paper explores the influences of financial development on economic growth and its volatility. First, it discusses the theoretical literature that attempts to explain these relationships. Then, it presents time series evidence for the cases of Mexico and the US. We use GARCH models, which...

This paper uses a cointegration approach to estimate the demand functions for imports and exports in Mexico. The especification of each function is derived from the model of imperfect substitute goods and are estimated using monthly data over the period 1991-2005. It is found that all variables...

This paper studies the relationship between macroeconomic fundamentals and the dynamics of stock market prices in Mexico. Specifically, we examine the reaction of daily returns to announcements on macroeconomic variables, using GARCH models. We investigate the behavior of the Mexican stock price...

In this paper we investigate whether the communication bias of the Bank of Mexico provides information that helps to anticipate the course of monetary policy in subsequent periods. We first construct an objective index of the communication bias, based upon an statistical analysis of key terms...

In this paper we investigate the effects of volatility of the fundamental determinants of trade on trade flows in Mexico during the period 1991-2008. Our import and export functions are based on the well known imperfect substitute goods model of trade. We focus on the effects on imports and...

In this paper we investigate the effects of volatility of the fundamental determinants of trade on trade flows in Mexico during the period 1991-2008. Our import and export functions are based on the well known imperfect substitute goods model of trade. We focus on the effects on imports and...

In this paper we investigate whether the communication bias of the Bank of Mexico provides information that helps to anticipate the course of monetary policy in subsequent periods. We first construct an objective index of the communication bias, based upon an statistical analysis of key terms...

The authors analyze the data of credit card holding and usage in Mexico, through a sample selection model. They find that some features of the household, such as income, head's education level and ownership of assets that can be used as collateral are related with the decision of having a credit...