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President-Elect of Mexico’s Bombshell: Economy in “Situation of Bankruptcy”

President-Elect of Mexico’s Bombshell: Economy in “Situation of Bankruptcy” And why are Bank of Mexico executives and employees resigning in droves? Around 200 central bank employees, including 20 senior executives, have left their posts at the Bank of Mexico (Banxico) since presidential elections on July 1 handed a resounding victory to populist Andrés Manual Lopez […]

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Mexico’s Central Bank Just Broke with the War on Cash

Mexico’s Central Bank Just Broke with the War on Cash Motivated by inflation? A strange thing just happened in Mexico. The Bank of Mexico (Banxico), announced that it is considering launching a 2,000 peso note (ca. $105), double the highest denomination note currently in circulation. It’s also considering doing away with Mexico’s lowest denomination 20 […]

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Inflation Surges as Economy Bogs Down in Mexico

Inflation Surges as Economy Bogs Down in Mexico Bank of Mexico caught in a vise. In the last week, the governor of the Bank of Mexico (or Banxico), Augustin Carstens, stepped down in order to take over the reins as general manager of the Bank for International Settlements in Basil, Switzerland, while Finance Minister José […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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