ANÁLISIS DEL BANCO CENTRAL: IMPLICACIONES DE MODIFICAR SU REGULACIÓN.

Starting with an outline of the origin, relevance of money and performance of central banking, a critical analysis is prepared to help provide arguments on the feasibility and impact of changes in the regulations governing central banking functions. A second section describes the current tasks and functions of the central bank in Mexico with emphasis on those related to the functioning of the exchange market and the management of international reserves, which also implies the current restrictions on the use of foreign currency and its exchange for domestic currency in the country. It then explains the arguments related to the current management of foreign exchange by the central bank, as well as other operators in the exchange market, and finally analyses the possible impacts of reforming the Bank of Mexico Law on the economy and the exchange market. [ABSTRACT FROM AUTHOR]