B. and Stroebel, J. (2012) “Estimated Impact of the Federal Reserve’s Mortgage-Backed Securities Purchase Program,” International Journal of Central Banking 8(2): 1–42. BIS central bankers’ speeches  3  Yet growth expectations in developed economies have become highly dependent on successive announcements of further monetary relaxation.
Hence, it is likely that additional expansionary measures will be undertaken given the already anemic pace of economic recovery in those countries. The implication for Mexico is that capital inflows will probably continue for some time. However, as history has taught us time and again, any financial bonanza eventually ends.