Mexico is an emerging economy. Carefully inspect its macroeconomic performance since 1960s by examining data on major indicators such as inflation, economic growth, exchange rates, international trade and stock markets before attempting to answer the questions below. 1. What are the distinct characteristics of Mexico that make it an 'emerging economy'? Support your answers with relevant data. 2. Provide a careful account of the exchange rate regimes followed by Mexico since 1960, paying particular attention to regime changes. Can you justify such exchange rate regime choices in light of the findings in the relevant literature? Explain fully. 3. Has there been any (multiple) currency/financial crisis (crises) faced by Mexico since 1960? If yes, can you identify the sources of such episodes? If no, what are the sources of its resilience when most emerging markets have been susceptible to multiple crises over this period? Support your answers with relevant data. 4. In your view, has Mexico coped well with the Covid-19 episode? Explain your reasoning. 5. How do you assess the chances of Mexico coping with the current global financial squeeze? Explain your reasoning