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Manuel Sanchez

Manuel Sanchez

Economist, former Deputy Governor of the Bank of Mexico, and Economic Advisor to Spruceview Capital Partners.

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Substack
PricingOnly free issuesPublishesWeekly
Issues45SubscribersRead mansanchezgz.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

Informality Is Not the Cause of Mexico’s Low Productivity

Informality represents a significant portion of Mexico’s economic activity. According to the Mexican National Institute of Statistics and Geography (INEGI), in January 2026 informal employment, defined as workers without access to social se...

16 days ago
8
0

The art of Banxico saying little

The minutes of the Bank of Mexico’s (Banxico) monetary policy meetings exhibit three characteristics that limit their supposed objective of revealing to the public the reasons that motivate the Governing Board’s decisions. In what follows, ...

22 days ago
5
0

Mexico’s Low Unemployment

For decades, Mexico has recorded relatively low unemployment rates despite experiencing only moderate economic growth. This feature stands out not only in comparison with industrialized nations, but also relative to other emerging economies...

a month ago
7
0

The Fantasy of the “Super Peso”

From the end of 2024 to February 10, 2026, the dollar-peso exchange rate fell from 20.79 to 17.23. This cumulative decline of more than 17 percent in the value of the dollar in peso terms implied a corresponding appreciation of nearly 21 pe...

a month ago
5
0

Authors

The writers behind this newsletter.

  • Manuel Sanchez

    Economist, former Deputy Governor of the Bank of Mexico, and Economic Advisor to Spruceview Capital Partners.

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