Their first paper looked at banks that thrived throughout that period of economic distress while the second paper, presented this morning, looks at community banks that endured some level of financial distress during the downturn but then recovered.
Today, I would like to talk first about the long-term economic ties between the United States, in particular Texas, and Mexico. Second, I will focus on financial markets and challenges. Third, I will examine recent economic developments and the outlook, and finally, discuss inflation and monetary policy in Mexico.