![]() (By March 2, the Mexican currency had recovered somewhat to 17.81 pesos to the dollar.) So far this year, before the intervention of the Bank of Mexico, the peso had fallen by 10%, marking a historic low point of 19.44 pesos to the dollar during early February. Last year, the peso fell by 17% relative to the dollar. Before anyone became aware of it, the value of the peso recovered a great deal of the ground it had lost in recent weeks. The goal of these measures is to stop the strong devaluation that the Mexican peso is suffering versus the currency of the United States.Īt the moment, it seems that this decision is having an impact. At the same time, that institution, formally known as El Banco de Mexico (or the Bank of Mexico), announced that it would begin to sell American dollars directly to buyers in the marketplace. On February 17, Mexico’s central bank made the surprising move of raising the country’s interest rates by 50 basis points to 3.75%. A Key to Better Leadership: Confident Humility December 6, 2022.How to Use Neuroscience to Build Team Chemistry January 23, 2023.Crisis Leadership: Harness the Experience of Others February 14, 2023.Choosing a New Board Leader: Eight Questions March 7, 2023.Meet the Authors: Mauro Guillén on How Businesses Succeed in a Global Marketplace June 21, 2021.Meet the Authors: Wharton’s Peter Cappelli on The Future of the Office November 4, 2021.Meet the Authors: Erika James and Lynn Perry Wooten on The Prepared Leader October 3, 2022.The Innovation Tournament Handbook: A Conversation with Christian Terwiesch and Karl Ulrich March 14, 2023.Action, not Words: Creating Gender and Racial Equity at Work July 11, 2022.Navigating Microaggressions at Work November 1, 2022.How National Politics Are Impacting DEI in the Workplace February 7, 2023.Diversity at Work: Why Inclusive Storytelling Matters April 4, 2023.Great Question: Kevin Werbach on Cryptocurrency and Fintech July 21, 2021.Great Question: Dean Erika James on Crisis Management August 16, 2021. ![]() Great Question: Wendy De La Rosa on Personal Finance October 15, 2021.Great Question: Witold Henisz on ESG Initiatives November 17, 2021.Making the Business Case for ESG May 3, 2022.How Companies and Capital Can Be Forces for Good June 21, 2022.Investing in Refugee Entrepreneurs in East Africa August 8, 2022.Why Employee-owned Companies Are Better at Building Worker Wealth November 11, 2022.Beyond Business: Humanizing ESG December 13, 2021.How Analytics Is Changing Finance November 29, 2022.How Data Analytics Can Help Deliver Social Good December 20, 2022.How Analytics Can Boost Competitiveness in Sports January 31, 2023.
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