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Encyclopedia > Bank of Mexico

The Banco de México (Spanish: "Bank of Mexico"), abbreviated BdeM or Banxico, is Mexico's central bank. Guillermo Ortiz has been the governor of the bank since 1998 Guillermo Ortiz Martinez is President and Governor of the Banco de Mexico, appointed by a majority vote in Congress and by recomendation of President Vincente Fox Ortiz obtained his doctorate in Economics from Stanford University in California, he has been involved in the Mexican economy for a very long time. ... 1998 is a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ...

Contents


Goals

Other activities

Mexico's central bank releases statistics about the economy (GDP,..). You can see them on the official site, many of them are in Spanish and some in PDF.


Instruments

  • Interest rates
  • The short stands for the Spanish word corto

History

  • September 1, 1925 : creation of the bank
  • July 1931 : Ley Monetaria
  • 1935: silver crisis (important increase of the silver price)
  • February 7, 2003 : it increased the short from 5550 million pesos a day to 625 million pesos

September 1 is the 244th day of the year (245th in leap years). ... 1925 was a common year starting on Thursday (link will take you to calendar). ... 1931 is a common year starting on Thursday. ... February 7 is the 38th day of the year in the Gregorian Calendar. ... The peso is the currency of Mexico. ...

Goals for 2003

  • Keep inflation below 3%

See also

// Overview Mexico has a free market economy with a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector. ...

External link

  • http://www.banxico.org.mx/

  Results from FactBites:
 
Mexico - Wikipedia, the free encyclopedia (8780 words)
Mexico is bordered by the United States to the North, and Belize and Guatemala to the Southeast.
Mexico's major rivers include the Río Bravo del Norte (Rio Grande) on the northern border and the Usumacinta on its southern borders, respectively, together with the Grijalva, Balsas, Pánuco, and Yaqui in the interior.
Mexico is the 12th largest economy in the world, according to the World Bank, and the fourth largest oil producer worldwide.
World Bank Relations with Mexico - Operations Evaluation Department - The World Bank (2578 words)
Mexico, with more than 80 million people, is one of the Bank's largest borrowers, accounting for $21 billion of lending, or 10 percent of the Bank's total commitments since 1948.
The Bank's strategy in Mexico evolved much as in many other countries--moving from an early concentration on infrastructure to a concern with direct interventions for poverty alleviation, and then to assistance for structural adjustment in the 1980s to deal with exogenous shocks and dysfunctional policy frameworks and to cope with massive debts.
Bank ESW has experienced occasional difficulties, resulting from lack of access to data, and a lack of cooperation by Mexican authorities on topics such as population, land distribution, and the national petroleum company.
  More results at FactBites »


 

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