01730cas a2200253 a 4500 AALejournalIMF007353 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844092 1018-5941 BD-DhAAL BD-DhAAL Santaella, Julio. The 1987 Mexican Disinflation Program : An Exchange-Rate-Based Stabilization? / Julio Santaella, Abraham Vela. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (52 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We examine whether Mexico's disinflation experience during 1987-94 fits a widely accepted set of stylized facts of exchange rate-based stabilization (ERBS), and relate it to theories put forward to account for the boom-recession business cycle associated with ERBS. A cursory look at Mexican data shows that the experience fits quite closely the theoretical predictions and the stylized facts of ERBS. However, the paper shows that there were some important differences and peculiarities of the Mexican case that deserve further study, especially regarding the role of the nominal anchor and the nature of the business cycle. Mode of access: Internet Vela, Abraham. IMF Working Papers; Working Paper ; No. 1996/024 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/024/001.1996.issue-024-en.xml IMF e-Library