“Mexico’s Energy Sector: Trends and opportunities,” presented at The Political Economy of Texas-Mexico: Common Bonds, Shared Challenges, April. 5  See Koepke, R. and S. Farnham (2016). “August 2016 EM Portfolio Flows Tracker,” The IIF Portfolio Flows Tracker, September. 6  See Koepke, R. (2016). “Fed Policy Expectations and Portfolio Flows to Emerging Markets,” IIF Working Paper, September.
2  BIS central bankers’ speeches  concern. The fiscal gap has been mirrored in a widening current account deficit, mainly reflecting the oil trade account. Mexico’s fiscal finances may be on an unsustainable path, and the public debt ratio appears to have reached a limit, at levels that may not be healthy.