ABSTRACT

The world, now that commercial frontiers have been erased, is en route to the elimination of monetary divisions. The process is already underway and it seems that, once again, it will catch us unprepared. The reason for this lies in the innate, or imposed, global instability which burdens governments and economic agents operating in the markets of Mexico and Latin America, overwhelming them with uncertainty. These uncertainties have become more acute in recent years, as a result of the rapid and unrestricted movement of global financial capital in amounts which exceed, many times over, the international reserves of the majority of countries in this region. Confronted by unsatisfactory, contradictory or utopian solutions proposed by economists and other experts, there have been lapses of behavior that border on the irrational or that clutch at elusive miraculous cures.