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The article titled "Economic History of the Mexican Peso: From the Global Market to the Political Management of Currency" is a book that addresses the evolution of money in Mexico from colonial times to the late 20th century. The Bank of Mexico has aimed to provide the country with national currency and promote the development of payment systems. The book highlights the importance of security and trust in money for it to fulfill its functions properly. It also mentions moments of transition in the political management of currency, such as the financial bankruptcy of the Viceroyalty and the reintegration of the Mexican peso into the global economy after Independence. During the 19th century, different forms of political currency management emerged, including the introduction of copper coins and the use of paper money. The text provides a summary of Mexico's monetary history from the late 19th century to the present, highlighting the adoption of a floating exchange rate regime and the relevance of the Mexican peso as a global currency. The importance of understanding monetary history to effectively face future challenges is emphasized. [Extracted from the article]

This paper analyzes empirically the existence of the credit channel of monetary policy in Mexico, that is, the relationship between changes in the target interest rate and variations in credit granted by commercial banks. The study combines aggregate information with data from the individual balance sheets of commercial banks and conducts a panel data regression analysis. The analysis is performed for total credit and its components (business, consumer, and mortgage). Additionally, by using banks' accounting information, it explores whether the transmission mechanism occurs on the supply side. It is found that there is a negative and economically significant relationship between interest rate and credit, and such a relationship is established for different types of credit. Furthermore, evidence suggests that the transmission mechanism operates on the supply side, as banks with more robust balance sheets exhibit greater resilience to changes in the interest rate. [ABSTRACT FROM AUTHOR]

This paper analyzes the characteristics of Mexico's productive and commercial integration from 1995 to 2018. It offers a framework to understand how the sectors of the Mexican economy are integrated into global value chains (gvc). The methodology developed by Wang, Wei, Yu, and Zhu (2017a and 2017b) is applied to the interregional input-output matrices of the Organisation for Economic Co-operation and Development (oecd). With this, two questions are answered: 1) What percentage of production factors used in Mexican sectors have been involved in activities of segmented production or gvc between countries? And 2) what percentage of final products produced by sectors in Mexico come from gvc activities? The results indicate that the sectors of the Mexican economy have higher participation indexes in backward linkages, which shows a higher share of imported intermediate inputs, compared to their respective participation indexes in forward linkages. The latter represents inputs from the country in exports and production of goods from third countries. Additionally, the results indicate that any policy design aimed at promoting specific activities should take into account the increasing integration of countries and their sectors gvc on a global scale, regardless of their level of development. This fact may limit the options for further integrating activities related to gvc with domestic activities. [ABSTRACT FROM AUTHOR]