Dallas Fed study says Mexico financially sound

A study by the Federal Reserve Bank of Dallas has found that Mexico is in sound financial shape and should maintain economic stability through its upcoming presidential election.

"Mexico is by no means immune to crises; recent history tells us that few nations are. But Mexico has taken important steps to reduce the likelihood of another financial collapse, and the country appears well positioned to maintain economic stability through the election year," the study said.

Mexico votes on July 2 an