Author Type

Graduate Student

Date of Award

1979

Document Type

Thesis

Publication Status

Version of Record

Submission Date

October 2026

Abstract

This thesis presents estimations of two simple models of the Balance of Payments of Mexico, using econometric methods and techniques. The models are designed to explain features of the major aggregates of Mexico's foreign accounts. Two alternative approaches often applied to estimating the Balance of Payments are utilized, namely, the post-Keynesian approach, and the Monetary approach. The post-Keynesian model proved to be a good theoretical framework for explaining major accounts of the balance of payments. The Monetary model explained the overall movements of international reserves very well. Though using very different theoretical constructs, both approaches suggest that monetary policy is ineffective, both in terms of the authorities' ability to control the domestic monetary aggregates, and in terms of policy influence on capital flows, the latter reflected in the capital account of the balance of payments. For the authorities to maintain a fixed exchange rate, the growth in money supply must tend to be equal to the growth in money demand.

Extent

98 p.

Comments

Thesis (M.A.)--Florida Atlantic University, 1979.|Dorothy F. Schmidt College of Arts and Letters|Thesis (M.A.)--Florida Atlantic University, 1979.

Identifier

FADT13998

Format

pdf

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