Mexico: The Laissez Faire Paragon Gone Wrong
The following chapters (Chapters 6, 7 and 8) explore how three different middle-income emerging economies, Mexico, Brazil and South Korea, headed towards financial crises in the 1990s. These economies are chosen as the best representatives of different economic policy designs devised to deal with the problem of the absorption of foreign inflow surges following Palma’s ‘three route approach’.
KeywordsReal Exchange Rate Public Debt Capital Inflow Current Account Deficit Real Effective Exchange Rate
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