The SSM Supervisory Model is constructed so that the decision-making on supervisory matters and other related procedures are kept separate from the monetary policy. As regards supervisory matters, the new Supervisory Board will have a predominant role; in most of the cases, it will be the final decision maker.
1  For an econometric estimation of the effects of U.S. manufacturing production and the bilateral real exchange rate on Mexico’s manufacturing exports to that country, see Banco de México (2016). Quarterly Report October – December 2015, Box 1.