Puchet Anyul, Martin ; Punzo, Lionello F

• Part I. Paths to Convergence and Monetary Union(s)1. Currency boards and monetary unions: the road ahead or a cul de sac for Mexico's exchange rate policy? David Ibarra and Juan Carlos Moreno-Brid2. Is a convergence path of monetary policies possible under the North American free trade agreement? Luis Miguel Galindo and Horacio CatalánPart II. Mexico's Foreign Sector, the Exchange Rate, Trade and Productive Structures3. The external relationship of the Mexican economy with the United States, and its implications beyond trade María Elena Cardero4. Exchange rate and competitiveness Pablo Ruiz-Nápoles5. Vertical integration and comparative advantages Fidel Aroche-ReyesPart III. Sectoral Performance in Manufacturing, Industrial Organization and the Innovation System During the Trade Liberalization Process6. Integration and polarisation: Mexico's economy since 1988 Enrique Dussell Peters7. Liberalization policies and Mexico's competitiveness: are technological capabilities upgraded or downgraded Mario Cimoli8. Trade integration and sectoral productivity Flor Brown and Lilia DominguezPart IV. Regional Divergence and Structural Policies9. Structural divergence and the dynamics of dualism. Lessons from Mexico before and after NAFTA (and some from Italy) Martin Puchet Anyul and Lionello F. Punzo10. Regional policies in the North American and European integration agreements Sárah Martínez Pellégrini11. The fiscal federal system in Mexico: fiscal insurance with moral hazard Jaime Sempere and Horacio Sobarzo