Comments: Mexico as a Benchmark Case
Author:
Guillermo Ortiz Martínez https://isni.org/isni/0000000404811396 International Monetary Fund

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Abstract

Ito’s paper starts with the premise that the IMF’s programs for Asia have been a failure, without setting a benchmark for what a successful IMF program is. I would like to propose such a benchmark, the 1995 Mexican program that, to many analysts, was successful in confronting what has been called the first crisis of the twenty-first century. Table 1 summarizes the main macroeconomic aggregates in Mexico and Asia during the IMF programs.

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