01767cas a2200241 a 4500 AALejournalIMF017252 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475556032 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Mexico : Selected Issues. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (37 pages) IMF Staff Country Reports <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 This Selected Issues paper analyzes transmission of monetary policy rates to lending and deposit rates in Mexico. The results show that transmission of the policy rate to market rates is statistically significant in all cases, except for mortgage rates. For sight deposits, pass-through is low, with a 1 percentage point increase in the policy rate leading to a 0.2 percentage point rise in the deposit rate. For term deposits the pass-through is stronger, but remains below unity at 0.7. The pass-through to both lending and deposit rates is very rapid. The dynamic specifications show that pass-through is significant in either the current or the following month, and the long-term impact is achieved during the second month. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/360 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/360/002.2016.issue-360-en.xml IMF e-Library